This is a tiny analysis of the past 3 tangle snapshots from:

9th June

8th August and

22 September

I have used the official snapshots published on the IOTA’s forum for community validation. Below are some interesting findings:

The network growth is exponential

The total amount of addresses with positive balance grew from 4080 in June to 22245 in August and 51886 in September. For the past 3 months this value more than doubled on monthly basis.

This is not a direct proof that the amount of IOTA holders have grown exponentially, since a seed can own more than one positive address, it is a good indicator of the tangle’s growth and usage. If the growth continues at the same pace, we will have about half a million positive addresses before 2018.

It is worth noting, that the current market price does not reflect this growth. The IOTA is still very much undervalued.

Higher and better distribution

The average address balance has decreased from 681.257 in June to 124.950 in August and 53.569 in September. Since the supply of IOTAs is static, this is a logical consequence given the increased amount of addresses.

I pulled the percentage of addresses that have more than “x IOTAs” and here is what came out: