Undelegation activity

Conclusion: The average for both delegation and undelegation is 2 unique validators. However, the median for both points to only 1 unique validator.

1. Although the majority for both delegation and undelegation is over 50% for 1 validator, the average is about 2.
2. This means there amount of unique validators delegated to and undelegated from has high numbers on the spectrum. For example for delegation, there was 1 address with 89 unique validator delegated to , and on undelegation, there is 1 address who has undelegated from 61 unique validators.
3. If we look at mean and median, both delegation and undelegation share the same stats. However, there are 2 times more addresses that delegate compared to addresses that undelegate. This is good for the ecosystem because this shows a net positive in trust towards the Terra blockchain.

Each address has delegated to on average 1.76 (or 2) unique validators

1. In the first table, we see the full list of of delegators and the number of distinct validators that they have undelegated from
2. In the second table, we see that on average, each delegator undelegated from 1.76 validators. We can round this up to 2. Note that because the average for undelegation is lower than that of delegation. That shows us that more people have delegated to 2 unique validators than the amount of people undelegating from 2 unique validators.

63% of delegators have undelegated from 1 unique validator, followed by 19% from 2 validators

1. In this graph, we can see that a large majority of delegators have only ever undelegated from 1 unique validator.
2. Since we know that there are 24769 addresses, we can calculate the median by taking 24769/2 which gives us 12384.5. Which means we will take the 12385th entry as the median. We also know that the number of delegators undelegated from 1 validator is 15692, that means the median falls within this category of only 1 validator.
3. Thus, we can conclude the median for the number of unique validators undelegated from per address is 1 validator.
4. Another fun fact is 1 validator undelegated from 61 unique validators

52% of delegators delegate to only 1 unique validator, followed by 20% to 2 validators

1. In this graph, we can see that a large majority of delegators only delegate to 1 unique validator.
2. Since we know that there are 53265 addresses, we can calculate the median by taking 53265/2 which gives us 26,632.5. Which means we will take the 26633th entry as the median. We also know that the number of delegators delegate to only 1 validator is 27826, that means the median falls within this category of only 1 validator.
3. Thus, we can conclude the median for the number of unique validators delegated per address is 1 validator.
4. Fun fact: 1 delegator delegated to 89 unique validators

Each address has delegated to on average 2.22 (or 2) unique validators

1. In the first table, we see the full list of of delegators and the number of distinct validators that they have delegated to
2. In the second table, we see that on average, each delegator delegated to 2.22 validators (or simply 2).

Delegation activity