Source: https://x.com/Syndica_io/status/1834603652507471929
1/ Solana DAO activity was on the rise in August.
Engagement in @Realms_DAOs and @MetaDAOProject
increased, and individual DAO teams from DeFi, DePIN, and NFTs followed suit.
Dive into on-chain data in our full thread and report 👇
https://blog.syndica.io/deep-dive-solana-daos-governance-august-2024
https://preview.redd.it/96mzo5bnklod1.png?width=680&format=png&auto=webp&s=de25924dcc757908e9e84e7998fee6da5e2fd89e
2/ SPL Governance DAOs have tapered in 2024.
While teams can create DAOs with their own instance, the monthly average of active instances dropped from 5 to 3, and the number of new DAOs created has fallen to single digits despite increased activity on Solana this year.
https://preview.redd.it/mp2y4w9qklod1.png?width=680&format=png&auto=webp&s=6c20db5c7af553cd0c8bc6221621b8adaef15b10
3/ @PythNetwork and @Parcl DAOs showed signs of life for SPL Governance instances.
The two DAOs attracted 995 and 542 voters, respectively, with most voters supporting the proposals passed in each DAO.
https://preview.redd.it/ucdvjnisklod1.png?width=679&format=png&auto=webp&s=c13fc753c1094ef250fe59b51c9efda387653c7f
4/ Over 2,000 voters participated in council elections to shape @PythNetwork operations.
In August, four individuals were elected to the Pythian Council which approves updates or changes to the Oracle program and sets data request fees for Pyth.
https://preview.redd.it/xc05ytlwklod1.png?width=680&format=png&auto=webp&s=8fef346918c8f3603fb91ebf278c9723a1704b01
5/ Notable Developments include DAO proposals from the @Metaplex
and @Helium teams.
https://preview.redd.it/koq3xkryklod1.png?width=680&format=png&auto=webp&s=e4302951226c313cc8092a7fe43b1e789a9f68c7
6/ @Helium proposals surged in August after a slow couple of months.
The number of proposals increased substantially in August, with MOBILE subDAO submitting three and HNT submitting one.
https://preview.redd.it/csr8opy0llod1.png?width=680&format=png&auto=webp&s=ce0663142045e96c308ea07b786e9d95aa948985
7/ @Helium DAOs have excelled in internal governance.
Helium attracted about 1.9k cumulative voters across five proposals in August, one of the most engaged communities we’ve studied.
https://preview.redd.it/coqwmo33llod1.png?width=679&format=png&auto=webp&s=b6ae7cdff81a4856f1a35eb3574a2fc1583119af
8/ Sell pressure on HNT has triggered mass withdrawals among HNT DAO voters, leading to a significant net outflow in 2024.
Voting requires locking tokens, but 2/3 of withdrawing voters opted to sell their tokens on a DEX, driving significant outflows.
https://preview.redd.it/8hnzk1c5llod1.png?width=680&format=png&auto=webp&s=95c338bcecee9d9ddddfbbf28729232d3bb6a325
9/ DAOs to watch that are yet to be launched include Solana teams like @MagicEden, @KaminoFinance, and @ZetaMarkets.
https://preview.redd.it/u3z42788llod1.png?width=680&format=png&auto=webp&s=cb4329a03a8fd015d630146323319bdd36f46e7a
10/ DAO formation on @Realms_DAOs resumed its uptrend after a slow July.
DAO formation on Realms increased by 84% in August, bringing the total number of active DAOs created through Realms to 1,131.
https://preview.redd.it/tqsxyzdallod1.png?width=680&format=png&auto=webp&s=ce8495d4a2cb90ce11f3b1589c83ab85670c4b7d
11/ As expected, recently formed @Realms_DAOs are the most active cohort.
In the past 3 months, at least 25% of newly formed DAOs remain active.
However, <10% of DAOs launched in the last 2 years remain active today, suggesting a significant number of unused DAOs.
https://preview.redd.it/uqe8swucllod1.png?width=680&format=png&auto=webp&s=febd5baecaaf1579c1bf620560a535850e4b0435
12/ @Realms_DAOs is seeing more proposals per creator.
Proposal creation has increased despite a decline in the number of proposal makers; more creators drafted multiple proposals than in July.
https://preview.redd.it/al4bpj8fllod1.png?width=679&format=png&auto=webp&s=0fb4a8b66572bbc9570c66f8a5474a880d725d94
13/ Most @Realms_DAOs are actively submitting proposals.
Over 70% of active DAOs in August had more than one proposal.
https://preview.redd.it/037sui5hllod1.png?width=680&format=png&auto=webp&s=1d9c77987729390a727015368bdfa7e25e9bf6dc
14/ After a July surge in voters from a @BONK_inu proposal, August governance participation on
@Realms_DAOs returned to normal levels.
https://preview.redd.it/2h7lp9ejllod1.png?width=680&format=png&auto=webp&s=d1df034d5e9dbf2bbdaa2d060016f6f7a03b62d3
15/ @MetaDAOProject hit an ATH in new proposals created.
New and active voters also increased in August, showing signs of strong governance engagement.
https://preview.redd.it/5ydowdalllod1.png?width=680&format=png&auto=webp&s=c2ee80b9bf219e422fae8c55af71a9ae13fc2e00
16/ Read the full report to learn more: https://blog.syndica.io/deep-dive-solana-daos-governance-august-2024/
https://preview.redd.it/4lkxniinllod1.png?width=680&format=png&auto=webp&s=99a72e9da3bbf2b511f80c90b2656fa251511d3d
