Governance token concentration (Gini)
dYdX v4 (dYdX Chain)'s assessment for RD-F-047 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
DYDX: ~1B max supply, ~83.9% unlocked as of 2025. ~53,000 holders; ~17,700 stakers with ~241M DYDX bonded. Staking is concentrated in institutional validators (Polychain ~12.2% of staked). Initial distribution included team, investors, and community allocations — likely high Gini coefficient but exact computation not available from accessible sources. Yellow: significant concentration suspected given initial distribution structure and institutional staker dominance.
Sources #
- URL
- dYdX Chain Staking Report November 2025November 2025 staking report — total staked ~241M DYDX, institutional concentrationretrieved 2026-05-17
Methodology #
Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.
See the full factor methodology and distribution across all protocols →