A network view on The DAO (part 2)

Let’s find out who with whom and when and why

Johannes Pfeffer
3 min readJun 1, 2016

Also read part 1!

Now that the token buying phase is over I’ve got an update to the first part (who with whom). Here is a render of the transaction network around The DAO. All individual accounts are visible. The clusters mean that the contributors are interconnected. Some represent exchanges. For example, a contributor that transferred money from kraken to an account and from there to The DAO will be in the kraken cluster. Clusters may also represent individuals trying to disguise their influence on The DAO by spreading transactions over many accounts.

  • Clusters: Accounts have sent transactions among each other before
  • Line color: Transfers to The DAO are black, transfers between arbitrary accounts are orange.
  • Line width: Wider lines signify a larger eth value
  • Node size: Bigger nodes had a larger transfer volume during creation phase of The DAO. Only transfer volume among the shown accounts is counted.
  • Node color: Black nodes represent genesis accounts (from the presale) all others are orange.

In order to discuss the when part, let’s have a quick glance at the complete cumulative investment graph:

It is clearly visible how the investment slowed down after the price increase. 85.1% where invested in the first phase, 10.2% during the increase and 4.7% afterwards. The flat part at the end is due to the end of the investment phase. A similar graph is available at the DAO stats site. To me that leaves the question why there was an increase at all. It kind of served as an incentive to buy early — but was that worth the confusion?

How is this reflected in the transaction network? Here some pictures of the creation phase.

days 0, 12 & 28
days 0 through 28

Ok, I think I’m done with the creation phase. Now I’ll look at voting. If you want to find out who’s splitting and what clusters always have the same opinion — follow me.

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