99.9% of DeFi.app Tokens Held by Top 100 Wallets
The decentralized finance platform DeFi.app (HOME) has a highly concentrated ownership structure, according to data from CryptoRank. The largest 100 wallets control an astonishing 99.89% of the total 6.16B token supply. These top holders include whales, sharks, and dolphins, with no single entity holding more than 32.56%. Contracts account for the remaining 67.44% of the supply.
The distribution breakdown reveals that the largest 1-5 wallets hold a combined 75.5%, while those in positions 6-10 control 13%. The top 11-25, 26-50, and 51-100 holders have shares of 6.73%, 3.07%, and 1.51% respectively.
The majority of the supply, however, is held by smaller wallets, with the top 82,112 holding a combined 99.1%. This raises questions about the true decentralization of DeFi.app's governance and decision-making processes.