Question: Small holder participation in ENS governance

Hey ENS team,

I’ve been analyzing DAO governance structures and ENS stood out.

Your Grassroots Participation Index is particularly notable - small token holders are actually voting, which is rare. Most DAOs see sub-1% participation from non-whale addresses.

Curious if this matches your internal observations? Would love to hear from delegates how they experience participation.

  • Mario

Hey @chainsightsone!

Awesome that you’re looking into ENS gov. You will find a passionate set of contributors around these parts.

I would love to tag a few folks in the community who build cool projects and insights around governance.

@netto.eth, who does a lot of work with governance data across web3. You can check out his dashboard[s] here: https://anticapture.com/

Also, @estmcmxci recently built an awesome intelligence dashboard here: https://discuss.ens.domains/t/introducing-ens-pulse

Looking forward to seeing what you find in your research!

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Thanks so much for the warm welcome and the pointers!

Just checked out anticapture.com - really impressive work by @netto.eth. Love how they visualize capture resistance. And ENS Pulse looks super useful for tracking activity.

What we’re building with ChainSights focuses specifically on the whale vs. delegate distinction - who holds power through tokens vs. through trust. ENS stood out because small holders actually participate, which is rare.

Would love to connect with both and compare notes. Always better to build on each other’s work than reinvent the wheel.

Thanks again for bridging the connection!

  • Mario
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Quick update — ENS in the Decentralized Governance Index

Hey @netto.eth @estmcmxci — daostrat.eth connected us a couple days back and I wanted to follow up with something concrete.

We’ve launched the Decentralized Governance Index (DGI), scoring 44 DAOs across governance health metrics. ENS scores 7.7/10 (B) — Top 9% overall, Top 12% in Infrastructure.

The breakdown:

  • Human Participation Rate: 9.0 (A+) — small holders actually participate, which is rare across the ecosystem

  • Grassroots Participation: 8.2 (A) — strong bottom-up engagement

  • Power Dynamics: 7.5 (B) — trending up recently

  • Delegate Engagement: 5.7 (C) — the one area with room to grow

ENS is one of the few DAOs where governance power genuinely comes from trust (delegation) rather than just wallet size. That’s exactly the distinction anticapture.com and ENS Pulse help make visible too.

Would love your take on the methodology — especially where you see gaps in how we define “governance health.”

Full index: https://chainsights.one/governance-index

— Mario