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The Governance & Autonomy module helps you identify potential centralization risks and conduct token holder analysis. Our tools and visualizations simplify research on token governance and help you determine how long a token’s been around, who’s holding it, and how it compares to other tokens, among other features.
Token Holder Distribution Analysis gives an at-a-glance view of token ownership metrics, which provides useful insight into centralization risks and the market sentiment surrounding a token.
The total number of holders of a token refers to the total number of individual wallets or addresses that hold the token. This can indicate the level of adoption or popularity of the token.
The age of a token can provide information about when it was created and how long it has been in circulation, which can be useful for a variety of purposes. For example, a token that is relatively new might be less well-known or trusted than a token that has been around for a longer period of time.
Skynet Median Holders and Skynet Median Token Age
Total Holders and Token Age data is displayed alongside the Skynet Median Holders and Skynet Median Token Age. This provides a point of reference that shows how a token stacks up against other CertiK Skynet-enabled project tokens. If the token you’re viewing has more holders than the Skynet median, that may indicate there is a stronger community of owners. If the token age is greater than the Skynet median, it may indicate the token is more well-established and stable.
There are two horizontal bar charts that illustrate the distribution of Holders and Token Age across all Skynet-enabled project tokens. You can view these charts for all categories, or drill into specific categories that the token belongs to, like DEX, DeFi, or NFT.
50% Supply Holders
This number represents the number of holders that make up at least 50% of the token supply. If a small number of holders make up 50% of the token holdings, it may suggest the token is highly concentrated among a small group of holders, which could be a cause for concern.
Top 100 Wallets Holdings
This section displays the number of tokens held by the top 100 holders (wallets) as well as its percentage of the total token supply.
The Daily New Token Holders chart displays the change in token holders over time and compares it to a category average for all the categories that this project belongs to. This makes it easy to see if the token you’re viewing is gaining (or losing) users in a way that is on trend with the broader project category.
The pie chart breaks down token ownership into cohorts.
These cohorts represent the percentage of individual wallets or addresses that hold:
The pie chart helps visualize how token ownership is concentrated and can provide insight into the distribution of power over a token and potential centralization risks. If a small group of individuals or entities hold a large percentage of the total tokens, they may be able to wield significant influence or it may indicate that the token is not as widely used or adopted by the masses.
Hovering over any cohort on the pie chart will change the corresponding line chart. The line chart displays the daily change of a cohort’s percentage of the total supply (blue line) and the corresponding USD value (red line).
Top Token Holders
Under the pie chart is a list of Top Token Holders. This drills further into the ownership data by listing individual wallets and addresses that hold the token. By default, this is sorted by the value of the token held, in descending order. The wallet addresses are clickable and will take you to the Wallet Analyzer Page where you can view additional information about a wallet, like key wallet characteristics, wallet portfolio composition, wallet relationships, and wallet trading activity.
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