Goverland

Watching the DAO. Block 3
Monthly Active Voters.

This number tracks how many unique token holders take part in votes each month. A growing count often points to early traction from active contributors. A sudden spike might reflect a major event. A drop could mean delegation took over, or people stepped back. Each shape tells its own story.

Arbitrum:
Early 2024 brought a huge surge in voters. The ARB drop and launch proposals pulled in thousands. Then it faded. The base settled lower, and many voters didn’t return. That doesn’t mean the DAO failed as delegation stepped in. Big DAOs often shift toward stewards, not crowds.

Equilibria Finance:
A newer DAO, with a slower, steadier curve. Each month adds more voters. The growth is clean. This usually means contributors are staying around, showing up again. A sign of engagement, not a one-time splash.

This metric won’t say how strong a DAO is. But it shows how attention flows and how people choose to show up.

#glappinsights