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Bankless DAO�Community Growth

Analytics Guild

October 8, 2021

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Discord Insights

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  • New membership has grown at a fairly consistent rate of about 450 new members per week in Jun-Aug. In Sept, this spiked to more than double.

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  • Activation rates are high as new members tend to explore the channels, but most don’t send messages (less than 25% engage via text).

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  • Retention rates hover around 25% for new members returning the following week.

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  • The #get-involved channel has the most engagement as chatters reach nearly 50% of readers, indicating this is the most likely place for new members to reach out to the DAO.

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How many new members are joining?

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Total

Membership Growth

Over Time

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How many new members successfully activate on their first day?

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How many new members retain the next week?

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How many members visited and communicated

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Message

Activity

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Voice Activity

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Opportunities to Earn at BanklessDAO

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  • Bankless DAO Membership Categories

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  • $BANK accumulation growth is highest for people in the over 150k range at 96% although people in the 10k-35k range are second at 81%.

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  • Bounty Board

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BANK Holders over time (1-10K)

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BANK Holders over time (10-35K)

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BANK Holders over time (35-150K)

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BANK Holders over time (150K and beyond)

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35

Total Bounties

(since mid-August)

67,172

BANK

Total Value

Socially Locked (TVsL)

Top 3

Current Bounties

Bounty Board

Bounty Creators

Bounty

Claimers

Bounty Completers

SP 11

TG 3

TG 2

FM 5

JZ 2

SP 2

NT 4

SP 2

IC 2

Currently Open

2

Currently in Draft

1

Currently in Progress

5

Currently in Review

8

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Coordinape Insights

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  • Coordinate network growth up 107% since Season 0 and over 918% since Genesis!

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  • The median number of gifts in Season 1 was 5, down 62% since Season 0 but still up 150% since Genesis.

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  • Total gifts increased 66% since Season 0 and over 5000% since Genesis!

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  • Network participation has gone from 9% in Season 0 to 3% in Season 1.

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  • Suggestion - As our Coordinape rounds grow larger it will be important to encourage all members who opted-in to participate. We should also monitor the distribution of gifts and avoid overly centralized gift distributions.

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Value Exchange Networks

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Genesis

S0

S1

Network Participation

7%

9%

3%

Teams of Three

370

33056

99899

Opted-in

27

133

275

Median Number of Gifts

2

13

5

Total Gifts

50

1570

2610

We have seen explosive growth in the number of contributors at BanklessDAO and the evolution of our Coordinape network makes this apparent.

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Discourse Insights

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  • New logged-in users increased by 90% from Jul-Sep while anonymous users increased by 53%.

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  • Overall engagement increased from Jul to Aug, but has been trending down since mid-Aug.

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  • Logged-in users consistently represent the largest part of the community.

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  • Topics, sign-up, and new post engagement have all been trending down since mid-Aug. It is worth noting that there were several proposals in the forum in Aug which together generated significant engagement as well as two threads regarding airdrops which are in the top 3 most viewed threads of all time.

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Snapshot Insights

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  • Voting turnaround has been increasing steadily since Snapshot #6 (around 5%-10%) following a significant decline between Snapshot #3 and #5. Currently the overall turn-around is 15% (growth opportunity).

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  • Snapshot participation rate declined 90% between folks who participated in 1 snapshot v/s folks who participated in 5 snapshots.

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  • Suggestion - Incentivize the participation using POAPs or Raffle.

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Community Participation

in Governance

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Community Participation

in Governance

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Community Participation

in Governance