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
Down 179 places this week, $DDX is losing steam
$PDT fell 172 places this week
Up 155 places this week, $ZERO is gaining ground
$BAG · 6 gem score this week
$UNI hit a gem score of 81 this week
262 tokens rose and 211 fell this week
Up 258 places this month, $INDEX is gaining ground
@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 shown mixed signals over the past 30 days, with more tokens trending up (337) than down (139). Over a shorter 7-day window, the upward trend continued but narrowed, with 263 tokens up and 213 down. Uniswap (PoS) (UNI) stands out as a strong performer, leading the streak for both 7 and 30 days, and also registering the highest score for both periods. Notable climbers over the 7-day period include ZeroLend Lending (ZERO), CoW Protocol Token (COW), Multiverse Capital (MVC), and Layer3 (L3), all showing significant score percentage increases. Over the 30-day window, Index Coop (INDEX), Cycle Network Token (CYC), Arbitrum (ARB), and Bedrock (BR) were among the top climbers. Conversely, several tokens experienced a downward trend. Over 7 days, DerivaDEX (DDX), Port Finance (PORT), RAGE Protocol (RAGE), and Nirvana V2 (ANA) were among the fallers. Over the 30-day period, RAGE Protocol (RAGE), Pendle (PENDLE), Port Finance (PORT), and Saber (SBR) were among those that fell.
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.