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Chart description
Proof-of-Reserves refers to the on-chain reserves as officially disclosed by exchanges. This metric denotes the total balance on self-reported exchange addresses. Note that we only incorporate Bitcoin and Ethereum, and Solana addresses, other blockchains/L1s are not included. The proof-of-reserve data differs from our exchange balance metrics as they stricly monitor the balance on officially communicated exchange addresses, which are only a subset of all addresses included in our more comprehensive exchange metrics. For more information please see our article on proof-of-reserve metrics.