MonkeDAO Validator

    How many unique wallets since February 1st have decided to delegate their staked Solana to the MonkeDAO validator? Create a visualization showing delegations per day.

    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.

    Let's first look at how users have delegated on different days. There can be some users who have delegated multiple times into the pool so if a user has already delegated the next delegation event will be labeled as a recurring user.

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    • We can see that there are two recurring users on the 5th and 18th of February (Since we are only considering users who have delegated from the 1st of Feb onwards, so anyone who has delegated on 31st of Jan or before had been ignored.)
    • 10th of February sees the most number of new users while the 4th of February had 0 new/recurring users
    • the majority of days have 2 new delegators

    This confirms the above claim of recurrence. There are two users who have delegated on multiple days while all the other delegators have just delegated on a single day only.

    • 4th of February has 0 delegations so no amount can be seen while the 16th of February can see the highest amount of delegation.
    • Although the 10th of February had mos number of delegators(9) the amount is pretty low compared to other days.
    • The correlation between the amount delegated and the number of delegations is not clear in other words higher the number of delegators per day hasn't produced the high amounts of delegations per day.

    Because of that reason let's dive a bit into delegators:

    Note: the size of the circle represents the amount delegated

    • One of the users who delegated on multiple days has delegated relatively large sums in both 16th and 18th February.
    • 41 people have been delegated since the beginning of February. (Analysis was done on 19th Feb 6 AM UTC)
    • Again it's clear that 31.1% of the delegated amounts have been delegated by one user who delegated on 16th and 18th Feb.
    • Top 3 delegators have delegated ~70% of the delegated amount.
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