Who holds PRL

How concentrated the coins are, which addresses hold the most of them, and what happens to the PRL that miners make. All of it walked from our own full node: the unspent output of every transaction, matched to the address it pays.

An address is not a holder

Everything here counts addresses, because an address is what the chain records. One exchange is a handful of addresses holding coins for thousands of people; one person can hold a hundred addresses; a pool's payout wallet holds what it owes its miners. So read this as the concentration of the ledger, which is a fact, and not as the concentration of ownership, which nobody can measure from a chain. Addresses we know to be pool payout wallets are labelled in the list below.

Gini coefficient of holdings

Zero would be every holder with the same balance; one would be a single address holding everything. Measured at the end of each day over addresses holding more than 0.01 PRL — dust is excluded because a chain that makes a fresh address per payment has hundreds of thousands of empty ones, and counting them measures the wallet software rather than the distribution.

What the largest addresses hold

The ten and the hundred largest balances as a share of all PRL held above dust. On a chain this young the top of the list is mostly exchange and pool wallets, so a fall here is as likely to be an exchange reshuffling its cold storage as it is a change in who owns the supply.

The hundred largest addresses

Balance from the unspent set, share of everything held above dust, and the day the address was first paid. Pool payout wallets are named where the walk has learned them from the blocks they were paid by.

What happens to newly mined PRL

Every day's issuance, split by how long its coinbase output sat before it was spent. The bottom band is what moved within a day of being mined; the top is what has never moved at all. Moving is not selling — the first hop out of a pool's coinbase is the pool paying the miners who earned it — but a coin that has not moved has certainly not been sold.

What this can and cannot tell you

The honest reading of the chart above.

A chain shows movement, not intent. What is measurable here is the first hop: the coinbase output being spent at all. For a pooled miner that hop is the pool paying out, which happens on a schedule and says nothing about selling. What it does bound is the other side: PRL still sitting in the output that minted it has not been sold, moved to an exchange, or paid to anyone.

The right-hand end of the chart is always the least settled: a coin mined yesterday has had one day to move, so its never moved band is large by construction and will shrink as the days pass. Compare the left of the chart with the left, not with the right.

We do not label exchange addresses, and will not guess at them. Where an address is a pool's payout wallet the chain itself says so — it is the address the blocks paid — and that is the only attribution on this page.

Where to next

Related pages that answer the questions this one raises.

What the chain is used for→ Who finds the blocks→ Concentration over time→