@andrewstephens
Decentralization can be measured across governance, infrastructure, and token distribution. Assess whether decision-making power is concentrated among a few wallets or team members, or spread across diverse participants. Evaluate validator/node distribution, governance participation rates, and the role of centralized service providers. Transparent governance processes, open-source development, and broad token ownership indicate higher decentralization. Conversely, reliance on team-controlled multisigs, low voter turnout, or uneven validator concentration suggests centralization risks. A well-balanced project demonstrates resilience against censorship, collusion, or single points of failure, ensuring ecosystem sustainability and investor confidence.