2023 was full of ups and downs for the crypto world, mainly for Bitcoin (BTC) and its biggest opponent Ethereum (ETH). Regarding ETH, the crypto vitrine’s outstanding performance hit over $2300. High-level flexibility, and support for complex and programmable transactions, along with the building and deployment of a wide variety of applications are a few of the chief reasons behind ETH’s excellent performance.
Apart from this, ETH holders, holding billions of digital assets is another main reason emerging behind its strong roots in the crypto world.
The Giants of Ethereum Mainnet Network
Looking at the past 1 year of data, in January 2023, the total holding addresses was around 218 Million, reaching approximately 253 Million by the end of 2023. Beacon Deposit Contract, Wrapped Ether, Binance 7, Kraken 13, Robinhood, and Arbitrum: Bridge are the top 6 ETH holders of 2023.
Let’s explore the holder’s details and their contribution to the Ethereum ecosystem in depth.
Binance Deposit Contract
Binance Deposit Contract with address 0x00000000219ab540356cBB839Cbe05303d7705Fa is one of the biggest ETH holders. It holds around 35,608,370.32 ETH, 29.61% of the total supply, and is valued at approximately $84.8 Billion.
The platform helps individuals become validators and accounts for securing the future of ETH. With a total transaction count of 418,581, the Binance Deposit Contract secured the top position in the list of ETH holders.
Wrapped Ether
The second position in the list of ETH Billionaires is secured by Wrapped Ether with the address 0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2. Wrapped Ether is a tokenized version of ETH and eases decentralized and direct peer-to-peer trading on exchanges.
The address holds a total of 3,301,982.44 ETH which is around $7.8 Billion and, over 2.74% of the total supply. The total transaction count of Wrapped Ether is 15,738,680.
Binance 7
Another major player in the list of rich ETH holders is Binance 7 holding the address 0xBE0eB53F46cd790Cd13851d5EFf43D12404d33E8 in the Ethereum mainnet network. Binance is one of the leading crypto exchanges trading with Bitcoin, altcoins, and other digital assets.
With a total transaction count of 1,574, Binance 7 holds over 1,996,008.37 ETH, which is around 1.66% of the total supply and valued at nearly $4.7 Billion. It secured the third position in the list.
Kraken 13
Address 0xDA9dfA130Df4dE4673b89022EE50ff26f6EA73Cf, held by Kraken 13 is another top player in the list, securing fourth position. The address holds 1,598,923.56 ETH, valued at $3.8 Billion and over 1.33% of the total supply.
Kraken is counted among the top crypto exchanges and is mainly known for its simplicity, education, and support system. The total transaction count of Kraken 13 in the Ethereum mainnet network is 493.
Robinhood
The fifth position in the list of the richest ETH holders is acquired by Robinhood, an online financial technology broker offering commission-free trades of options, stocks, ETFs, and digital assets.
Address 0x40B38765696e3d5d8d9d834D8AaD4bB6e418E489 holds a total ETH balance of 1,493,000.86, 1.24% of the total supply and holding value of around $3.5 Billion. The total transaction count of Robinhood over the Ethereum mainnet network is 92 and is expected to upsurge in the upcoming years.
Arbitrum: Bridge
Arbitrum: Bridge, the leader in layer 2 technology with the address 0x8315177aB297bA92A06054cE80a67Ed4DBd7ed3a, secured its position in the top 10 richest ETH holders.
The address secures approximately 1,342,854.74 ETH which is over 1.10% of the total supply. The total ETH value held by Arbitrum: Bridge is around $3.1 Billion with a total transaction count of 33.
Other Key Players Rocking The Crypto Stage
In addition to this, other ETH holders empowering the Ethereum mainnet network are Binance: Binance-Peg Tokens, Binance 8, Bitfinex 19, and Gemini 3 holding 584,999.05, 558,491.98, 450,118.32, 409,498.96 ETH respectively.
Conclusion
Ethereum, the biggest competitor of Bitcoin, maintained its strong position in the crypto world. Crypto exchanges played a major role in ETH’s growth and success. Beacon Deposit Contract, Wrapped Ether, Binance 7, Kraken 13, Robinhood, and Arbitrum: Bridge are some of the richest ETH holders in the Ethereum mainnet network.
FAQs
What is the Ethereum mainnet network?
The Ethereum mainnet network is a primary public blockchain that helps in carrying out actual-value transactions over the distributed ledger.
Who are the top 5 ETH holders of 2023?
The top 5 ETH holds of 2023 are Beacon Deposit Contract, Wrapped Ether, Binance 7, Kraken 13, and Robinhood.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2024/01/03/who-are-the-ethereum-billionaires-of-2023-the-top-eth-holders/