{"path":"/distribution/herfindahl","tier":2,"parameters":{"a":["DOGE"],"c":["native"],"f":["csv","json"],"i":["24h"]},"queried":{"a":"DOGE","path":"/v1/metrics/distribution/herfindahl"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/distribution#get-v1-metrics-distribution-herfindahl","studio":"https://studio.glassnode.com/charts/distribution.Herfindahl","metric_variant":{"bulk":"/distribution/herfindahl/bulk","pit":"/distribution/herfindahl_pit"}},"bulk_supported":true,"timerange":{"min":1386460800,"max":1793836800},"modified":1793951148,"descriptors":{"name":"Herfindahl Index","short_name":"Herfindahl Index","group":"Wealth Distribution","tags":["on-chain","supply"],"description":{"default":"**Definition.** Herfindahl Index, originally a [measure of competition](https://en.wikipedia.org/wiki/Herfindahl%E2%80%93Hirschman_Index), is adapted here as a metric for decentralization. It is defined as the sum of squared address shares of current supply across the network. [Gini Coefficient](https://studio.glassnode.com/metrics?a=ETH\u0026m=distribution.Gini) and [Percent of Supply Held by Top 1% Addresses](https://studio.glassnode.com/metrics?a=ETH\u0026m=distribution.Balance1PctHolders) are related concentration metrics.\n\n**Technical.** For ETH and ETH tokens, exchange addresses, smart-contract addresses, and other special asset-specific addresses (e.g. team-fund addresses) are excluded. For ETH tokens, burn addresses are excluded.\n\n**Interpretation.** A large score indicates high concentration of supply, a small score indicates more evenly distributed funds across addresses.\n"},"data_sharing_group":"onchain"}}