Worldcoin’s Remarkable Growth and Challenges in Token Concentration
Worldcoin has introduced a State Bridge into its framework, allowing users to establish and manage their own bridges, connecting to the global identity system, World ID, and any Ethereum Virtual Machine (EVM) compatible blockchain.
This change, implemented on October 11, 2023, focuses on gas efficiency and broad compatibility. It aims to promote applications based on sybil-resistant, proof-of-personhood principles. Notably, Worldcoin has seen substantial growth, with 2.35 million registered users and over 700,000 distinct wallets holding the native cryptocurrency, WLD.
However, the concentration of WLD tokens remains significant, with the two largest addresses, controlled by Worldcoin, holding 70.8% of the total supply. The top ten wallets possess 86.86% of the supply, and the top 100 wallets hold 92.75%. While WLD has experienced fluctuations in value, currently priced at $1.47 per coin, it holds a market cap of $197 million, ranking 148th among over 10,000 cryptocurrencies.
Clever Robot News Desk 16th October 2023
