Skip to content
QuantascanAlpha

Understanding the richlist

What the richlist shows, how to read it across both chains, and what it does and doesn't tell you.

4 min readUpdated 2026-06-20

On this page

The richlist is one of the most-viewed pages on any explorer. It's simple to read but easy to over-interpret, so it's worth knowing exactly what it shows.

What it ranks

The richlist ranks addresses by balance, largest first. Quantascan's richlist is cross-chain: it interleaves addresses from both QRL Legacy and QRL 2.0 into a single ranking, with a column showing which chain each address belongs to.

To make that ranking fair, balances are normalised to a common unit before sorting — otherwise a QRL 2.0 balance stored in Planck would dwarf an equivalent QRL Legacy balance stored in Shor, purely because of units. Percentages are shown against the combined cross-chain supply.

Addresses, not people

The single most important caveat: the richlist ranks addresses, not people. Two facts make the difference:

  • One person, many addresses. Nothing stops a holder from spreading funds across many addresses, so a single owner can appear as many small entries — or not near the top at all.
  • One address, many people. An exchange or custodian pools thousands of customers' coins into a few wallets. Those addresses show enormous balances that aren't owned by one person at all.

So the richlist is best read as a distribution snapshot — how concentrated or spread out the supply is — not a leaderboard of the wealthiest individuals.

Labels help

To reduce confusion, Quantascan labels known addresses where it can — exchanges, mining pools, contracts, the deposit contract, and so on. A large balance marked as an exchange wallet means something very different from an unlabelled one. Where an address is identified, its wallet classification (for example exchange, mining pool, or contract) adds useful context about what the balance represents.

What it can and can't tell you

It can show:

  • how concentrated the supply is at the top,
  • which large holders are exchanges or contracts (where labelled), and
  • how distribution shifts over time.

It can't tell you:

  • who the people behind addresses are,
  • how many distinct holders exist (one entity may hold many addresses), or
  • intent — a large balance might be a custodian, a treasury, or a long-term holder.

Where to go next

FAQ about Understanding the richlist

Common questions about this page
What is the richlist?
The richlist ranks addresses by their balance, largest first. Quantascan's richlist is cross-chain: it interleaves QRL Legacy and QRL 2.0 addresses, normalising amounts so the two chains can be ranked on the same scale.
Does the richlist show who owns the most QRL?
Not exactly. It ranks addresses, not people. One person can hold many addresses, and one address (like an exchange wallet) can hold funds for thousands of people. Treat it as a distribution snapshot, not a list of the wealthiest individuals.
Why do some large addresses belong to exchanges?
Exchanges pool many customers' funds into a few hot and cold wallets, so those addresses show very large balances that aren't owned by one person. Quantascan labels known addresses where possible to make this clearer.