What is decentralization in terms of DAO, and how can we measure it?

What is decentralization?

How to measure decentralization?



Distribution of token supply across validators

  • Binance Coin (BNB): 21 approved validators on the Binance hold staked BNB Smart Chain.
  • Solana (SOL): The top 19 validators on Solana’s network control just under 34% of the total stake in the network.
  • Cardano (ADA): Over 2,200 single-pool operators own 22% of the entire investment. The remainder are entities running two or more stake pools with 3.14% or less of the total stake. Binance, which operates 62 pools and owns slightly under 12.4% of the total stake, is one example of centralization.
  • Avalanche (AVAX): 50 nodes control 50% of the AVAX staked.


Distribution of governance and development



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