Collective Behavior of Price Changes of ERC-20 Tokens
Heinonen, H. T., Semenov, A., & Boginski, V. (2020). Collective Behavior of Price Changes of ERC-20 Tokens. In S. Chellappan, K.-K. R. Choo, & N. Phan (Eds.), Computational Data and Social Networks : 9th International Conference, CSoNet 2020, Dallas, TX, USA, December 11–13, 2020, Proceedings (pp. 487-498). Springer. Lecture Notes in Computer Science, 12575. https://doi.org/10.1007/978-3-030-66046-8_40
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Lecture Notes in Computer ScienceDate
2020Copyright
© Springer Nature Switzerland AG 2020
We analyze a network constructed from tokens developed on Ethereum platform. We collect a large data set of ERC-20 token prices; the total market capitalization of the token set is 50.2 billion (109) US dollars. The token set includes 541 tokens; each one of them has a market capitalization of 1 million US dollars or more. We construct and analyze the networks based on cross-correlation of tokens’ returns. We find that the degree distributions of the resulting graphs do not follow the power law degree distribution. We cannot find any hierarchical structures nor groupings of ERC-20 tokens in our analysis.
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SpringerParent publication ISBN
978-3-030-66045-1Conference
International Conference on Computational Data and Social NetworksIs part of publication
Computational Data and Social Networks : 9th International Conference, CSoNet 2020, Dallas, TX, USA, December 11–13, 2020, ProceedingsISSN Search the Publication Forum
0302-9743Keywords
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https://converis.jyu.fi/converis/portal/detail/Publication/51894514
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