Santiment: "Centralization" has long been a hot topic (and a dirty word often overlooked by crypto assets) among traders. It refers to the concentration of power, whether through a few organizations controlling protocol decisions, a small number of addresses holding most of the coins, or concentrated mining power.

Here is the percentage of the total supply currently held by the top 10 largest wallets of some of the most well-known altcoins (listed in descending order from most to least centralized):

1. Polygon (MATIC): 69.4%

2. Shiba Inu (SHIB): 61.2%

3. Uniswap (UNI): 50.8%

4. Pepe (PEPE): 46.1%

5. Ethereum (ETH): 44.0%

6. Tether (USDT): 33.1%

7. Chainlink (LINK): 31.1%

8. Toncoin (TON): 27.5%

9. Multi Collateral Dai (DAI): 24.5%

10. USD Coin (USDC): 19.0%