Big Binance Monitor: this monitor tracks the data of the largest (current) ROSE wallet, held by Binance and distinct from their exchange wallets, holding ~1/3 of total circulating supply (at the time of writing jan '23). I have only recently started collecting data on the wallet delegations and debonding details etc. Wallet Created: 28 April 2021, Wallet address: oasis1qpg2xuz46g53737343r20yxeddhlvc2ldqsjh70p

Do we know this is Binance? This wallet delegates the primary stake to the Binance Staking validator (~316M), unlike foundation accounts it does not spread the delegation across validators (it delegates to 4 other validators at the time of writing, all of which it has a 99% stake in the total delegation with ~40-50M delegated to each). Much of the initial balance (~669M ROSE 19-11-2021) arrived to this address directly from a Binance exchange wallet (I know these as they are the accounts that you recieve ROSE from if you move it off exchange). At the time of transfer it was ~85% of the total ROSE on the Binance exchange. It is active with the known Binance wallets, and only transfers to and from the Binance exchange wallets (in sums often of 30-60M ROSE). It is also publicly known that Binance contributed a large portion to the (then) 200M USD Oasis Labs eco system development fund - this wallet is created Nov 2021, before the public announcement of this backing in Jan 2022, and right before the first major foundation token unlock. I think we can say with a high degree of confidence this wallet is Binance. As for its function, it is possible this wallet acts as a cold store for exchange funds, however its creation date and the way in which its balance tracks the Oasis labs token release schedule would suggest this is (at least in part) their backers wallet. Binance's backers wallet would exist on-chain somewhere, and this address has many indicators of being that wallet. The final possibility is that this wallet is constituted of both exchange funds, functioning as a cold store, and Binance's backers tokens. That this wallet was created with a large transfer off Binance's exchange address suggests the possibility of it funcitoning as a cold store. Yet unlike other exchange cold stores this wallet has a large delegation, supporting Binance's validator. It would seem unlikely that Binance would use customer tokens to secure their validator. At this stage I have tracked a number of the Oasis foundation token releases, and it does seem that Binance's tokens go first to their exchange addresses before being (it seems) moved to this larger account, although this appears to confirm that this wallet is indeed holding their backers tokens, it makes it difficult to account for the exact numbers.

NB: 'Delegations Balance' prior to Jan 2023 is calculated by totalling historic escrow 'add' and 'reclaim' actions on this wallet. As such this balance will not capture the progressive accumulation of staking rewards, prior to 2023.

Data updated daily