Jamie Coutts: Five blockchains hold over 90 percent of crypto value and activity

Jamie Coutts: Five blockchains hold over 90 percent of crypto value and activity
Five blockchains dominate crypto activity

Jamie Coutts observes that a decade after the launch of the Ethereum mainnet, just five blockchains account for more than 90 percent of the total value and activity in the crypto sector.

He argues that power laws in this space do not reverse but instead tend to compound over time.

Coutts has previously reported that U.S. public debt grew 6.8% annually over five years, surpassing global liquidity expansion in the same period. In another recent piece, he examined how margin debt climbed to 19-year highs as liquidity slowed. These observations suggest continued focus on concentration and leverage trends across financial markets.

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