Currently, there are 4319 addresses with at least 100 $MINE staked which is much lower than I expected given that number of active users now are at 30,000 per day (according to Terra Station). First, we take a look at which validators that $MINE governance stakers chose to delegate to. Orion.Money is the first with 2405 address which is more than 55% of total $MINE stakers, followed by Terran One and Mosaic and then Smart Stake.

However when looking at total amount of $LUNA staked, Terran One is the highest, followed by Mosaic and Orion.Money. Another interesting observation is that we cannot see Angel Protocol in top 25 list. This maybe because they take 100% of rewards as commission. Top 10 $MINE stakers delegated more than 400K $LUNA to Terran One as seen in graph below.