# Voting Power Metrics

This section analyzes the concentration of voting power among delegates. It provides insights into the distribution of governance power, highlighting metrics such as the distinction between small and large holders, the distribution of voting power, and levels of decentralization.

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## **Delegated Small Holder Address**: 

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2F0UzYY3DD65kX1YBtGw3X%2Fimage.png?alt=media&#x26;token=376639a3-3383-4efe-8ff4-6776ddecbb9a" alt=""><figcaption></figcaption></figure>

This represents wallet addresses belonging to delegators who hold less than 0.1% of the total votable supply. The percentage show the ratio of delegated small holders to all small holders.

## **Delegated Large Holder Address**:&#x20;

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2F0kmusKBF6pjVp6CUtOix%2Fimage.png?alt=media&#x26;token=22e37052-9221-4c25-b30c-99151ad53606" alt=""><figcaption></figcaption></figure>

This represents wallet addresses belonging to delegators who hold less than 0.1% of the total votable supply. The percentage show the ratio of delegated large holders to all large holders.

## **Small vs Large Voting Power Ratio**:&#x20;

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2FNEkJmlVTR06UoNdu8OId%2Fimage.png?alt=media&#x26;token=0e19dc0b-19fc-46b8-bcb1-078d6892a268" alt=""><figcaption></figcaption></figure>

The ratio of votable supply held by non-minority holders (wallets with equal to or more than 0.1% of the total votable supply) to minority holders (wallets with less than 0.1% of the total votable supply).

## **Delegate Quorum Gauge & Nakamoto Coefficient**:

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2FLZ8X0oSFu0co6RSpDHJ5%2Fimage.png?alt=media&#x26;token=57f72537-2924-4714-b5c9-e186d4041fab" alt=""><figcaption></figcaption></figure>

**Delegate Nakamoto Coefficient**: Number of top delegates required to achieve 50% of votable supply, indicating decentralization levels.

**Delegate Quorum**: Number of top delegates needed to reach proposal quorum (30% of votable supply).

## **Delegates Categorized by Source of Voting Power**:

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2FhJX49ZfJ4YW2DG0tVsUK%2Fimage.png?alt=media&#x26;token=325cb900-712d-493c-9485-2ec428c85c51" alt=""><figcaption></figcaption></figure>

**Single-Holder Delegate (via Self-Delegation)**: Delegates with >= 50% voting power through self-delegation.

**Single-Holder Delegate (via Other Address)**: Delegates receiving >= 50% of voting power through a single other address.

**Community Delegate**: Delegates with voting power distributed such that no single source accounts for >= 50%.

## **Voting Power Distribution**:

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2FTWStvxvIGIYYSm4ajdbH%2Fimage.png?alt=media&#x26;token=f005c43c-3e93-4fb3-a501-2dc2903e6e13" alt=""><figcaption></figcaption></figure>

Breakdown of voting power held within the top 1, 5, 10, 25, 50, 100, and 200 delegates.

## **Delegate Ranking Bump Chart**: <a href="#delegate-ranking-bump-chart" id="delegate-ranking-bump-chart"></a>

<figure><img src="https://789348064-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMBKfKfZWYtLt0RCQmbiV%2Fuploads%2Fmb3YPoGwcM6EbVLJtiIu%2Fimage.png?alt=media&#x26;token=f0e88864-66b7-400a-bc5a-9312fdfa38cf" alt=""><figcaption></figcaption></figure>

A dynamic tool visualizing the evolution of delegates' voting power over selectable timeframes (30, 90, or 365 days), offering an interactive way to track and analyze ranking changes.[<br>](https://app.gitbook.com/o/89aNaRtuDzuGl6TCUfIm/s/NybFLpVuglchQA2vaHJD/onchain/holder-metrics)<br>