Network participants process transactions and receive fees from users (supply-side fees).

Cosmos Hub is an interoperability & security platform for blockchains and applications. Cosmos was founded by Ethan Buchman & Jae Kwon and launched in 2019.

ATOM holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Cosmos’s investors include Paradigm, IOSG Ventures, 1confirmation, etc.

governance

github

twitter

discord

etherscan

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Blockchains (L1)

Cosmos Hub

# Cosmos Hub Token holders Methodology

## 1. Overview

The cosmos tokenholders metric measures the total number of unique addresses that hold ATOM tokens on the Cosmos Hub blockchain on a daily basis. This metric captures the breadth of token distribution and adoption by counting distinct wallet addresses and validator accounts that maintain positive ATOM balances, including both liquid balances and staked tokens. The calculation provides a daily snapshot of the token holder base, serving as an indicator of network decentralization and user adoption.

## 2. Data sources

- **Cosmos Hub blockchain state**: Daily snapshots of account balances and staking positions from the Cosmos Hub network
- **Native ATOM token records**: Balance data for the native ATOM token across all account types
- **Staking and delegation data**: Validator records and delegator positions that represent staked ATOM holdings
- **Account state snapshots**: Daily aggregated views of all addresses with non-zero ATOM balances

## 3. Step-by-step calculation

### Component A: Native tokenholders extraction
- **Purpose**: Retrieve the daily count of unique ATOM token holders from processed Cosmos Hub data
- **Logic**: The calculation starts by extracting pre-calculated daily tokenholder counts from Cosmos Hub native token data. This includes addresses with liquid ATOM balances as well as addresses that have staked ATOM tokens through validators. The data is filtered using incremental processing logic that includes a configurable lookback period to ensure data freshness and handle any late-arriving blockchain data. Each record includes the daily `timestamp`, `timestamp_grain` for time-based aggregation, `chain` identifier for Cosmos Hub, and the total `tokenholders` count.
- **Key fields**: `timestamp` (daily snapshot date), `tokenholders` (count of unique holders), `chain` (Cosmos Hub identifier)

### Final aggregation
- **Combining components**: Since this metric focuses specifically on native ATOM tokens, no cross-token aggregation is required. The data flows directly from the native tokenholders component.
- **Currency conversion**: Not applicable as this is a count-based metric measuring number of addresses rather than token values
- **Time aggregation**: Daily boundaries are maintained with each record representing a snapshot of unique tokenholders at the end of each day
- **Final calculation**: The tokenholder count is cast to high-precision numeric format and passed through the finalization macro which adds standardized metadata fields including the data identifier 'cosmos'. The result is a daily time series showing the total number of unique addresses holding ATOM tokens on Cosmos Hub.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the project's native token.

Cosmos HubATOM

Token holders

Token holders

Competitive landscape