Staking with MonkeDAO in February - delegations by the numbers
## TL;DR: MonkeDAO Validator receives about 2 delegations each day, but the vast majority of the stake delegated to it came from only 4 accounts in February.
The MonkeDAO was the first NFT DAO on Solana and also was the first NFT DAO to set up a validator in an effort to help decentralize and secure the network. When a user decides to stake their Solana, they delegate which validator to support with their staked Solana. How many unique wallets since February 1st have decided to delegate their staked Solana to the MonkeDAO validator?
Methodology
As suggested in the Flipside bounty hint I identified the transaction from Flipside's solana.events table by the 'delegate' event type and by MokeDAO-s vote account. The first chart is a daily tally of these transactions.
In the second chart I match these delegation events by their transaction ID to stake account creation events (identified by the 'createAccount' event type) and made a stacked graph of the staked amounts, which is stored in the instruction:parsed:info:lamports field of the instructions JSON. To get the value in SOL the integer has to be divided 1e9 to account for Solana's decimals.
The pie chart shows the summed amounts grouped by the source address, which I got from the instruction:parsed:info:stakeAuthority field of the instructions JSON.
A usual day sees 2 staking transactions and delegations towards the MonkeDAO validator. The largest number of delegations occurred on February 10, with 9 transactions.
The actual staked and delegated amounts does not follow this pattern, in other words, some stake much higher amounts than the average.
A breakdown of the delegated amounts by address is tabulated below.
Over 75% of SOL staked in February was contributed by 4 addresses, with 32% coming from a single source (AnyoFM..) in two separate transactions on February 16 and 18. However, if we examine the actual transactions we find that the first staking was withdrawn after 4 hours and the stake was placed again on February 18.
This example illustrates, that it may be misleading to examine the staked amounts alone, the persistence of the stakes needs to be taken into account as well.