According to the analysis of the ERC20 network for August 2025, Binance and 1inch have become the main centers of liquidity movement. The study revealed a dual market dynamic: on one hand, anonymous large investors are accumulating assets, while on the other hand, key protocols continue to direct a significant portion of the transaction flow. This structure demonstrates the simultaneous strength of institutional participants and retail traders.
One of the bright signals of accumulation has been the so-called 'black holes' — wallets with high incoming activity and a complete absence of outgoing transactions. A classic example is the address 0x66a9…a8af, which received 489 deposits without a single withdrawal. Such a behavior model indicates the movement of assets into cold storage and the intention to hold them without selling in the near future.
The largest role in the distribution of flows continues to be played by large liquidity hubs. The address 0x28c6…1d60, belonging to Binance, acts as a centralized exchange with a balance of incoming and outgoing transactions. At the same time, the address 0x1111…0582, associated with the 1inch v5 aggregator, has become the main decentralized node through which exchanges take place on the blockchain. The high PageRank scores of these addresses confirm their systemic significance.
Important moments in August included 2 peaks of network activity. Data for the 13th showed a spike in volume with a stable number of transactions, indicating the movement of large capitals, coinciding with the phase of whale accumulation. Thus, on August 27, there was a recorded increase in the number of transfers with relatively small volumes, which may be related to retail activity, bots, or a potential airdrop.
Such dynamics indicate a stratification of market participants. While large traders are moving cryptocurrencies into long-term storage, retail participants continue to actively utilize liquidity.