The data team at OP Labs has been working on tracking OP distributions across governance grants, partner funding, and other sources.
We first shared early insights in Oct 2022. Takeaways then:
This doc serves to update data and case studies, and begin open-sourcing the data so others can analyze & contribute.
A snapshot of program data was taken on Mar 13, 2023
We project that 56% of allocated OP (30.7M) has been deployed (not in projects’ wallets)
| # Programs | # OP Allocated (M) | % OP Allocated | ||
|---|---|---|---|---|
| Live 🔥 | Subtotal | 33 | 41.1M | 75% |
| Governance - Season 3 | - | - | ||
| Governance - Season 2 | 10 | 7.1M | ||
| Governance - Season 1 | 9 | 4.5M | ||
| Governance - Phase 0 | 14 | 29.5M | ||
| Coming soon ⏳ | Subtotal | 32 | 10.9M | 20% |
| Governance - Season 3 | 12 | 2.1M | ||
| Governance - Season 2 | 13 | 5.2M | ||
| Governance - Season 1 | 4 | 1.3M | ||
| Governance - Phase 0 | 3 | 2.2M | ||
| Completed | Subtotal | 5 | 2.6M | 5% |
| Governance - Season 3 | - | - | ||
| Governance - Season 2 | 1 | 240.0K | ||
| Governance - Season 1 | - | - | ||
| Governance - Phase 0 | 4 | 2.4M | ||
| Grand Total | 70 | 54.6M |
Stats were measured at the Latest Date (Note: Many programs still ongoing)
| Source | # OP Allocated | Net OP Deployed | Net $ Inflow | Net $ Inflow / OP | Annualized Incremental # Txs | Annualized # Txs / OP | Annualized Incremental Gas Fee ($) | Annualized Gas Fee / OP |
|---|---|---|---|---|---|---|---|---|
| Governance - Phase 0 | 31.0M | 16.8M | $128.1M | $7.61 | 16,775 | 0.36 | $123.9k | 2.69 |
| Governance - Season 1 | 4.5M | 2.0M | $111.6M | $54.46 | 3,378 | 0.60 | $16.9k | 3.01 |
| Governance - Season 2 | 2.5M | 978.0K | $16.9M | $17.23 | 1,214 | 0.45 | $5.1k | 1.92 |
| Multiple | 8.9M | 6.9M | $227.0M | $32.69 | 10,701 | 0.56 | $33.5k | 1.76 |