Try Quests to earn cryptoVoting Activity
analyze voting activity on Lil Nouns proposals. Since voting is on chain and costs gas, are smaller holders excluded from the voting process? Visualize and analyze this question, along with any other trends you find that are relevant.
The Lil Nouns DAO is controlled via onchain voting by token holders. Lil Nouns DAO works to create a new layer within the Nouns ecosystem; Nouns as kids. By expanding the ecosystem, Lil Nouns DAO aims at exposing more people to Nouns.
In this dashboard, we look at holders and voters on Lil Nouns. We first identify which wallets currently have at least one Lil Nouns NFT. We then examine how many of these wallets participated in the voting and how many NFTs did the voting participants usually hold?
The table below shows the holders of Lil Nouns and also indicates that each wallet has several NFTs with the name Lil. As we can see, the addresses 0x0bc3807ec262cb779b38d65b38158acc3bfede10 and 0x3cf6a7f06015acad49f76044d3c63d7fe477d945 have the highest number. However, studies have shown that these two addresses are not ordinary users. In fact, these two addresses belong to Nouns DAO: Treasury. But since these two addresses have no effect on the analysis process, we do not delete them.
The table below shows the voters for. The number of votes cast for each wallet is also stated. If we ignore the two addresses that belong to DAO itself, the wallet 0x4754b7e3dede42d71d6c92978f25f306176ec7e9 with 90 NFT has the highest number of NFTs. But this wallet did not have the highest number of votes and the highest number of votes was related to the wallet 0x64e9cd118aa8d45c20efeeefd68679372f5e48dc, which have 8 NFTs and participated in the voting 13 times.
The chart below compares the total number of holders and the total number of voters. As can be seen in the previous tables and charts below, of the 966 holders, only 152 participated in the voting and 814 wallets did not participate in the voting. That is, 15.7% voted and 84.3% did not vote at all. The following chart also shows the distribution of votes based on the number of NFTs held
We see that 50% of the participants in the voting have only 1 NFT in their wallet. This means that the largest number of votes is related to the wallet that has only 1 NFT. Also, wallets with between 2 and 4 NFTs are in second place with 34.9% turnout.