Analysis

Over the past 180 days, Aave's governance landscape has experienced significant activity. A total of 5.3k unique wallets were active in the governance process, showcasing the growing commitment to decentralized decision-making within the Aave ecosystem. These participating wallets collectively spent 19.7 ETH or 27.4k USD on gas fees for executing governance transactions on Aave. This figure highlights the real-world costs associated with engaging in the platform's governance process. The average gas fee for each governance transaction during this period was 2.2 USD. This relatively low average cost indicates that participation in Aave governance remains accessible to a broad range of users. A comparison of gas spending between September and November, and December through March reveals an interesting trend. The amount of gas spent on governance transactions was significantly higher during the first three months compared to the latter three months. This observation may indicate a shift in user behavior or changes in network congestion during these timeframes. The peak for total gas fees spent on Aave governance occurred on December 2nd, with over 1,750 USD being spent on that single day. This peak highlights the fluctuations in gas fees that can occur within the Aave network, which may influence users' decisions to engage in governance activities. In conclusion, this analysis provides valuable insights into the trends and costs associated with participating in Aave governance over the past 180 days. The substantial number of active wallets and the relatively low average gas fees suggest that decentralized decision-making within the Aave ecosystem is both popular and accessible to a diverse user base.

Governance Fee Dashboard