# Voting Power Metrics

This section analyzes the concentration of voting power among delegates. It provides insights into the distribution of governance power, highlighting metrics such as the distinction between minority and non-minority holders, the distribution of voting power, and levels of decentralization.

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## **Delegated Small Holder Address**: 

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2Fy0hANJbiv4grVzPo7iLN%2Fimage.png?alt=media&#x26;token=bcade20f-1c87-4c80-becf-ec7d2fa24d96" alt=""><figcaption></figcaption></figure>

This represents wallet addresses belonging to delegators who hold less than 0.1% of the total votable supply. The percentage show the ratio of delegated Small holders to all Small holders.

## **Delegated Large Holder Address**:&#x20;

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2FXy1CJC6M9xEXsejhIjKh%2Fimage.png?alt=media&#x26;token=0e9e483b-1747-4623-a555-dc38537f631d" alt=""><figcaption></figcaption></figure>

This represents wallet addresses belonging to delegators who hold less than 0.1% of the total votable supply. The percentage show the ratio of delegated Large holders to all Large holders.

## **Small vs Large Voting Power Ratio**:&#x20;

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2F6JSU3qpEzMFgJouHGOJn%2Fimage.png?alt=media&#x26;token=054df4f4-3418-4cd6-a670-1cc02aeaa2ce" alt=""><figcaption></figcaption></figure>

The ratio of votable supply held by Large holders (wallets with equal to or more than 0.1% of the total votable supply) to Small holders (wallets with less than 0.1% of the total votable supply).

## **Delegate Quorum Gauge & Nakamoto Coefficient**:

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2FDEY30rYym4FDZzdrzfZc%2Fimage.png?alt=media&#x26;token=0a52a284-df33-4435-9552-c1daa43bb48c" alt=""><figcaption></figcaption></figure>

**Voter Nakamoto Coefficient**: Number of top voter required to achieve 50% of votable supply, indicating decentralization levels.

**Voter Quorum**: The number of top voters needed to reach the proposal quorum of 10M of Voting Power, ensuring adequate representation for proposal decisions.

## **Delegates Categorized by Source of Voting Power**:

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2FnIPzCXi4FzjxdI30F3ry%2Fimage.png?alt=media&#x26;token=263a80e2-499c-4b83-b43c-03737e6a3f5f" alt=""><figcaption></figcaption></figure>

**Single-Holder Delegate**: Any delegate that received › =50% of its voting power via one other address's delegation

**Community Delegate**: Any delegate with voting power where each delegation it has received (including self-delegation) accounts for ‹50% of its voting power

## **Voting Power Distribution**:

<figure><img src="https://1547956480-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FmreKwUbsBAuxzzznLrU7%2Fuploads%2FzfMUkQuGhKAGlh7IpSPr%2Fimage.png?alt=media&#x26;token=2c2622b6-ed82-4de0-a66f-8bbccc6b0052" alt=""><figcaption></figcaption></figure>

Breakdown of voting power held within the top 1, 5, 10, 25, 50, 100, and 200 voters.