On November 22, XEN Crypto claimRank transactions have been called 100 million times across 10 different blockchains. Since OKX chain joined the mint, over 23 million addresses have been created in 5 days just on that chain. Polygon is the second most popular network, while Ethereum remains at 3.2 million.
XEN Crypto is making Top charts
Since its launch on October 8, XEN Crypto has made strides, becoming the top gas guzzler on every chain, one of the top tokens on each network, the reason behind the exponential growth in new addresses created, and the source of new users visiting the blockchain and actively using it. Today, XEN celebrates the creation of 100,000,000 new addresses on the Ethereum, BSC, Polygon, Avalanche, Ethereum PoW, Evmos, Moonbeam, Fantom, Dogechain, and OKX chains.
XEN Crypto influence on ethereum
XEN made Ethereum deflationary. After the Merge, ETH inflation was going up, and it reached its peak on the day the XEN crypto smart contract launched on Ethereum. After that day, ETH supply started to decline rapidly and is now sitting at 120,516,975 ETH.
In the past 24 hours, 110 thousand dollars have been burned on XEN gas fees. In total, XEN Crypto burned 9,273 ETH out of the ETH supply for a total value of $12,257,453. People use different tools to mint XEN. The most popular is the official XEN Network minter, which burned 6985 ETH for a total of $9,188,941. Cointool’s batch minter, which allows users to mint XEN with multiple addresses, burned 1682 ETH for a total of $2,264,152, while MCT-XEN Batch Minter burned 606 ETH for a total of $804,360.
On Ethereum, the XEN Crypto supply is 592 billion, with a total of 3,239,120 claim rank transactions. Jack Levin posted on Twitter that 617k users from all around the world come repeatedly to the xen.network website to interact with the smart contract. Most users come from the United States and China, with Indonesia and Poland being next.
Over 600,000 users visited XEN Webapp since launch and their geographic locations... pic.twitter.com/gNocG37tqC— Jack Levin 🟧🦇🟦 (@mrJackLevin) November 20, 2022
Interesting #XEN stat:— Jozef Jaroščiak (CA) (@jarosciak) November 22, 2022
Out of 3.2m #XENCrypto addresses, over 30.7 thousand (0.95% of them) did not claim the #XEN reward on time (within 7 days). USD +220k worth of gas fees was burned by forgetfulness (or lack of education).
cc:@ackebom @mrJackLevin @KindnessCrypto @XEN_Crypto pic.twitter.com/5nbAuG6FEL
XEN Crypto distribution
According to Etherescan, XEN supply on Ethereum is distributed amongst 36,352 token holders, with 3 exchanges holding about 1/3. Huobi exchange holds 12.6% of the total supply, or 67,752,532,410 XEN, for a total of $631,453.60. MEXC holds 11.4%, while Gate.io is third with 9.59%.
Claim days have changed drastically since launch, when the majority of users were minting XEN for the shortest mint term to sell it on an exchange. Today, we see that the minimum 1 day mint term makes just 7.1%. 41.3% of users mint from 2 to 30 days while 16.7% claim term exceeds 360 days.
On Ethereum PoW, the top address holds 18.16% of the total vvXEN supply and the second one 8.37%. The top ten addresses hold 50% of the supply, and addresses from 11 to 50 hold the other 30%. The rest of vvXEN is distributed across the remaining 9,660 addresses.
On Dogechain, the situation is the worst because, out of 14,255 addresses, 90% sit in just one wallet. The second largest wallet with 5.8% of dcXEN supply is the LP on Kibble DEX, while all the rest hold less than 0.83% of the total 2,218,757,383,841 dcXEN supply.
OKX chain was the latest where the XEN crypto smart contract was launched, and it leads by the total number of addresses created as well as the supply. The supply is 942 billion, distributed across just 454 addresses, and the numbers are changing rapidly. The top wallet holds just 95,398,408,508 of okXEN making up just 10% of the total supply.