# Trading contracts are net CRV buyers

MEV-labelled trading contracts net-bought 64 million CRV over the study window.

Labelled market makers net-bought 21 million CRV. Protocol contracts net-sold 20 million CRV.

Unlabelled addresses net-sold 150 million CRV over the same window.

These accounts count the execution contracts as trading addresses. Following their inventory helps explain where the purchased tokens go next.

## Execution contracts absorb CRV sold on-chain

Trade-linked buys minus sells over the two-year window. This release counts labelled market-maker and MEV execution contracts as principals. Labels describe observed execution roles. A contract’s net receipt is not proof of its controller’s final investment position.

[Figure](../charts/buyers.svg) · [Data](../data/buyers.csv)

| Observation | Net buying (million CRV) |
| --- | --- |
| MEV trading contracts | 63.7213 |
| Market makers | 21.1877 |
| Labelled exchanges | 0.0154 |
| Protocols | -19.6517 |
| Unlabelled addresses | -149.5415 |