What is Ethereum?

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

What is Solana?

Solana is a blockchain platform designed to host decentralized, scalable applications. Solana can process many more transactions per second and charges lower transaction fees than rival blockchains like Ethereum.

What is DAO Governace?

On-chain governance is a system for managing and implementing changes to cryptocurrency blockchains. In this type of governance, rules for instituting changes are encoded into the blockchain protocol. Developers propose changes through code updates and each node votes on whether to accept or reject the proposed change.

Methodology

In this dashboard we will look at the voting activty of users on both Etherum and Solana. The data for this dashboard will come from the ethereum.core and the solana.core tables of flipsides database. All the data for this dashboard will come from after the start of 2022.

Sections

1. Voting activity
2. Top DAOs by votes
3. Top voters

Voting activity

Observations

• On ethereum there were 326K voters voting on 8.41K proposals, while on Solana there were only 4.93K users voting on 5.1K proposals. This shows that each proposal on Ethereum has on average around 30x more activity than on Solanan.
• The number of proposals on Ethereum has been declining since the start of the year while the number of proposals on Solana has been increasing.
• Most days there are 20X to 100X the number of voters on Ethereum than on Solana.
• On both Solana and Ethereum there was a spike in April and May in voting activity.

Observations

• The top DAO in terms of 2022 voting on Ethereum has 176K Votes where the top DAO on Solana has 3.3K votes
• There are a similar number of active DAOs on Solanan and Ethereum
• DAOs on Ethereum are much more active than voters on Solanan

Top DAOs by votes

Top voters

Observations

• The top voters on Ethereum this year have similar activity in terms of number of voters with the top Ethereum voters having slightly more activity
• All 10 of the top Voters on Ethereum have over 400 voters this year while on Solana these top 10 voters only have over 200 voters 

Conclusion

1. Voting activity

   1. On etherum there has been 326K voters voting on 8.41K proposals, while on Solana there was only 4.93K users voting on 5.1K proposals. This shows that each poposal on Ethereum has on average around 30x more activity than on Solanan.
   2. The number of proposals on Etherem has been decling since the start of the year while the number of proposals on Solana has been increasing.
   3. Most days there are 20X to 100X the numbwer of voters on Etherum than on Solana.
   4. On both Solana and Ethereum there was a spike on April and May in voting activity.

2. Top DAOs by votes

   1. The top DAO in terms of 2022 voting on Ethereum has 176K Votes where the top DAO on Solana has 3.3K votes
   2. There are a similar number of active DAOs on Solanan and Ethereum
   3. DAOs on Ethereum are much more achive than voters on Solanan

3. Top voters

   1. The top voters on Ethereum this year have similar activity in terms of number of voters with the top Ethereum voters having slightly more activity
   2. All 10 of the top Voters on Etherum have over 400 voters this yeah while on Solana these top 10 voters only have over 200 voters