The microvelocity of money in Ethereum
Abstract The transfer velocity of money is a macroeconomic quantity that measures the frequency of exchanges in an economy. For cryptoassets it can be exactly measured adopting a new approach, MicroVelocity. In this study we apply the framework to Ether, the native cryptocurrency of the Ethereum blo...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2025-02-01
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| Series: | EPJ Data Science |
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| Online Access: | https://doi.org/10.1140/epjds/s13688-024-00518-6 |
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| author | Francesco Maria De Collibus Carlo Campajola Claudio J. Tessone |
| author_facet | Francesco Maria De Collibus Carlo Campajola Claudio J. Tessone |
| author_sort | Francesco Maria De Collibus |
| collection | DOAJ |
| description | Abstract The transfer velocity of money is a macroeconomic quantity that measures the frequency of exchanges in an economy. For cryptoassets it can be exactly measured adopting a new approach, MicroVelocity. In this study we apply the framework to Ether, the native cryptocurrency of the Ethereum blockchain, to investigate velocity and its top contributors and how they can be characterised in the Ethereum ecosystem. While the inequalities and heterogeneity in wealth are well known, we here find that the same inequalities occur as well for MicroVelocity distribution and that this inequality is not explained just by wealth, but rather by the behaviour and economic activity of each individual agent. |
| format | Article |
| id | doaj-art-1ed62698ac2c4900bb09ac9ce76485b8 |
| institution | Kabale University |
| issn | 2193-1127 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | EPJ Data Science |
| spelling | doaj-art-1ed62698ac2c4900bb09ac9ce76485b82025-02-09T12:24:52ZengSpringerOpenEPJ Data Science2193-11272025-02-0114112310.1140/epjds/s13688-024-00518-6The microvelocity of money in EthereumFrancesco Maria De Collibus0Carlo Campajola1Claudio J. Tessone2Blockchain and Distributed Ledger Technologies Group, University of ZurichUZH Blockchain Center, University of ZurichBlockchain and Distributed Ledger Technologies Group, University of ZurichAbstract The transfer velocity of money is a macroeconomic quantity that measures the frequency of exchanges in an economy. For cryptoassets it can be exactly measured adopting a new approach, MicroVelocity. In this study we apply the framework to Ether, the native cryptocurrency of the Ethereum blockchain, to investigate velocity and its top contributors and how they can be characterised in the Ethereum ecosystem. While the inequalities and heterogeneity in wealth are well known, we here find that the same inequalities occur as well for MicroVelocity distribution and that this inequality is not explained just by wealth, but rather by the behaviour and economic activity of each individual agent.https://doi.org/10.1140/epjds/s13688-024-00518-6BlockchainEtherEthereumVelocity of MoneyMicroVelocityTransfer Velocity |
| spellingShingle | Francesco Maria De Collibus Carlo Campajola Claudio J. Tessone The microvelocity of money in Ethereum EPJ Data Science Blockchain Ether Ethereum Velocity of Money MicroVelocity Transfer Velocity |
| title | The microvelocity of money in Ethereum |
| title_full | The microvelocity of money in Ethereum |
| title_fullStr | The microvelocity of money in Ethereum |
| title_full_unstemmed | The microvelocity of money in Ethereum |
| title_short | The microvelocity of money in Ethereum |
| title_sort | microvelocity of money in ethereum |
| topic | Blockchain Ether Ethereum Velocity of Money MicroVelocity Transfer Velocity |
| url | https://doi.org/10.1140/epjds/s13688-024-00518-6 |
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