Analysis

The analysis of the data presented in the graphs highlights the growth and engagement of the Axelar community and the success of its governance system. Before October 2022, there were only 40 governance proposals with an average of less than 40 voters per proposal. However, starting from October, the number of voters per proposal has significantly increased, with proposals receiving between 200 and 500 voters. This is a clear indication of increased user interest and participation in the governance of the network. The number of voters per proposal has remained relatively consistent, with the lowest number of votes being 217 and the highest being 502, indicating a stable and engaged user base. There has also been a steady increase in the number of new governance voters on the Axelar network, with a range of 1 to 200 new voters per week between mid-January and mid-February, which is a positive sign for the future of the network. While the increase in voter engagement is encouraging, it is important to note that the overall number of users participating in governance is still low compared to the total number of active wallets on the network, with only about 0.2% of the wallets participating in governance. This highlights the need for continued outreach and education efforts to increase awareness and encourage more users to participate in the governance of the network. The low participation rate could be due to a lack of understanding of the governance process or a lack of incentives for participating, and it is crucial for the development team and community leaders to address these challenges and work towards increasing user engagement and participation in governance. In conclusion, the data presents both positive and negative insights into the state of governance on the Axelar network. The continued increase in the number of voters and the consistent level of voter engagement bode well for the future of the network and its ability to effectively govern itself, but there is still work to be done in terms of increasing overall user participation in governance.

Axelar Network Health