About this Chart

Tracks how voting power concentrates and shifts across the largest veAERO holders over time. Holders are ranked by effective VP — an economic attribution model where voting power is assigned to the address whose AERO backs the position, not to the relay contract that may cast the vote. A user with 100K AERO deposited into a relay shows 100K effective VP on their address, while the relay itself shows zero. This avoids double-counting between managed NFTs and their depositors.

The top 25 are shown individually by display_name; everyone else rolls into a single combined series. Shifts in the composition — new large lockers appearing, existing holders growing or shrinking — reveal how governance control evolves epoch to epoch.