For quite some time, Ethereum (ETH) has held the position of being the second-largest cryptocurrency by market capitalization. It frequently plays the role of being in second place, following Bitcoin. In the last several years, Bitcoin has clearly been the leader, outperforming Ethereum. This has caused many in the crypto community to ponder: Is this a trend that will continue, or is Ethereum on the verge of a comeback? One’s understanding of the supply dynamics of Ethereum offers many significant insights into these questions—insights that also speak to decentralization and some potential risks. Current data regarding the concentration of supply
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