Governance
Governance tokens empower holders with a say in the future of decentralized projects.
Top gainers this week
Top losers this week
$UNI has led the category 7 days running this week
$FARM climbed 257 places this week
$ZERO -256 places this week
$SWTCH fell 235 places this week
$LUNC sank to a 4 gem score this week
$UNI hit a gem score of 80 this week
310 tokens rose and 165 fell this week
$EQB climbed 297 places this month
@EnaGovernance+2•18Looks like $MGC is going to be a long term hold
- @EnaGovernance+2•18
$ARK loading… 🚀
When conviction meets innovation, narratives get strong.
If the vision is clear and the community’s locked in, $ARK could sail through volatility.
Build. Hold. Believe. 🌊
- @EnaGovernance+1•17
$AVNT looks like a long term play
- @EnaGovernance+2•16
$RAY token's narrative centers on an ordinary guy named Ray who just wanted a peaceful retirement but got featured on BBC and now eyeing Oscars.
@radkoGovernance+3•16Can't wait for $BUIDL to actively trade on Uniswap $UNI
Frequently asked questions
How has Governance performed recently?
The Governance category has seen more tokens moving up than down over both 7-day and 30-day windows. Over the past 7 days, FARM Reward Token (FARM) climbed significantly with a 271 rank delta and 92.4% score increase, while PowerPool (CVP) and ZK Coin (ZKC) also saw substantial gains. In contrast, Jupiter token (JUP) and Loopring (LRC) were among the biggest fallers. Uniswap (PoS) (UNI) showed consistent strength, leading streaks for both 7 and 30 days and also entering the top K over 30 days, alongside Uniswap (UNI) and Pendle (PENDLE). Over the 30-day period, Equilibria (EQB) was a top climber with a 298 rank delta and a 147.6% score increase, and Kyber Network Crystal v2 (KNC) also saw strong upward movement. Jupiter token (JUP) and Switchboard (SWTCH) were the most notable fallers over the 30-day period. Aave V4 (AAVE) and ether.fi governance token (ETHFI) exited the top K over 30 days.
What are governance tokens?
Governance tokens are a type of cryptocurrency that grant holders voting rights on decisions related to the protocol or project they represent. These decisions can include changes to the project's features, fee structures, or treasury allocation.
How do governance tokens work?
Holders of governance tokens can propose and vote on various proposals. The weight of each vote is typically proportional to the amount of tokens held. These voting mechanisms are often implemented through on-chain decentralized autonomous organizations (DAOs).
What is the purpose of governance tokens?
The primary purpose of governance tokens is to decentralize control and decision-making within a project. They allow the community to collectively guide the development and future direction of the protocol, rather than relying on a centralized entity.
Where can I find governance tokens?
Many decentralized finance (DeFi) protocols, Web3 projects, and DAOs issue governance tokens. You can typically find them listed on cryptocurrency exchanges or directly through the project's official website and associated decentralized exchanges.
What are the risks associated with governance tokens?
Risks include potential for whale manipulation (where large holders could disproportionately influence votes), lack of participation from token holders leading to centralized decision-making by a few, and the inherent volatility and security risks associated with all cryptocurrencies.