Murad Mahmudov: Nine Metrics to Evaluate Meme Coin Decentralization

user avatar

by Giorgi Kostiuk

2 years ago

Meme coin analyst Murad Mahmudov has released a statistics table featuring nine metrics designed to measure the level of decentralization in meme coins.

Murad Mahmudov and His Metrics Table

On November 29, Murad unveiled what he calls 'the most important meme coin statistics table I have ever compiled.' This table showcases nine metrics aimed at evaluating the decentralization of the leading meme coins in the market.

Measuring decentralization of top meme coins from nine different angles. The blockchain doesn’t lie.Murad Mahmudov

What Murad's Metrics Entail

Murad's table features the following metrics: median holder rank, Herfindahl-Hirschman index, HolderScan distribution score, percentage of tokens held by the top 100, 25, and 10 holders, the portion of wallets with more than $1,000 worth of tokens, and the percentage of new wallets created within the first week of a token’s launch.

Applying Metrics to Meme Coins

Murad's metrics assist in assessing whether a meme coin is sufficiently decentralized to consider investing. For instance, SPX6900 holds the top spot in decentralization with a median holder rank of 181, HHI of 29, and a 16.8% top holder concentration. In contrast, MOODENG has a top holder concentration of 33.5%, indicating more centralization.

Murad Mahmudov advocates for paying attention to meme coin decentralization using his nine metrics to evaluate investment risks.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Chainlink and Moody's Ratings Complete Crosschain Distribution Pilot

Chainlink and Moody's Ratings have successfully completed a pilot project utilizing the CrossChain Interoperability Protocol to distribute credit information across multiple networks.

user avatarArif Mukhtar

Solana Foundation Plans Custom Rings for Institutions

The Solana Foundation is working on Custom Rings for institutions, expected to provide configurable privacy and auditor access.

user avatarDavid Robinson

Helius Introduces Privacy Rings on Solana Mainnet

Helius has launched Privacy Rings on the Solana mainnet, enabling confidential asset transfers while maintaining transparency.

user avatarMaria Gutierrez

Aave's Governance to Review Proposed Changes

Aave Governance is set to review TokenLogic's proposal regarding reserve factors and its implications for liquidity and supplier incentives.

user avatarJacob Williams

TokenLogic Proposes Changes to Aave's Reserve Factors

TokenLogic has proposed adjustments to Aave's reserve factors across 54 reserves, potentially increasing annual revenue by $35 million.

user avatarAndrew Smith

Apex Group Joins Hedera Council to Enhance Governance in Digital Assets

Apex Group has joined the Hedera Council to enhance governance in digital assets and explore tokenization initiatives.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.