Voter Turnout & Signers
Sections 3 and 4 in detail: who actually votes, how concentrated that voting power is, and how the signer set is distributed.
Generated 2026-09-19
3Ratification vote participation
Turnout is measured against the stacked STX eligible at each vote's snapshot cycle.
No voter-level ballot records are loaded
2 vote(s) in this period have published aggregate tallies but no individual ballot rows. Turnout is computable; voting-power concentration and the decisive-entity test are not, and are shown as gaps.
Not enough votes to plot a turnout trend
1 of 2 votes in the period have both a weight cast and a resolvable eligible-stacked figure. A trend line is withheld below 3 points, because two observations cannot show a direction. The figures are tabulated below.
| SIP | Vote date | Result | Weight cast | Turnout | Voters |
|---|---|---|---|---|---|
| sip-045 | — | Passed | 181,488,510 STX | — | — |
| sip-044 | 2026-07-22 | Passed | 161,443,322 STX | 27.7% | — |
- Votes in period
- 2
- Median turnout
- 27.7%
- Top-5 share, largest vote
- —
- Votes with ballots
- 0 / 2
Decisive-entity test
Removes the single largest voting entity and recomputes the outcome. An operator voting from several addresses is removed as one party.
The decisive-entity test cannot be run
This test removes the largest voting entity and recomputes the outcome, which needs individual ballot rows with their direction. The published audits carry aggregate tallies only, so no vote in this period can be tested. Populate voters[] in ratification-votes.json from the ballot.gg export to enable it.
Electorate resolved from reward cycle: sip-044 → 138 · sip-045 → unresolved
4Signer and stacking distribution
Signing weight at each year's reference cycle, highlighting the largest five operators.
PoX-5 (Epoch 4.0) activated mid-2026
Stacks epoch 4.0 and the pox-5 contract took effect at reward cycle 140 (2026-07-28), between the 2025 and 2026 year-end observations. Signer count fell from 35 in cycle 139 to 25 in cycle 140, and stacked STX from 552.4M to 446.9M, across that single boundary. Year-over-year signer and stacking figures therefore span a protocol change and are not like-for-like.
2026 is a partial year
This report was generated on 2026-09-17, so every 2026 figure is year-to-date rather than year-end. The latest observed reward cycle is 143 (started 2026-09-09); the 2025 comparison uses cycle 125 (started 2025-12-18), the last cycle of that completed year.
Solo/pooled stacker counts are not yet populated for the current cycle
Hiro reports per-signer solo and pooled stacker counts for 34 of 36 signers in cycle 125 (7 solo, 9,318 pooled), but for only 1 of 29 signers in cycle 143. The self-custody versus pooled split is therefore reported for 2025 and shown as a gap for 2026 rather than as a collapse to zero.
2025cycle 125 · 2025-12-18
year end- Active signers
- 36
- Top-5 signer share
- 47.2%
- Distinct operators
- —no source
- Stacked
- 595.4M STX
- SP1MNX…DA1112.6%
- SP1EZ3…HT5D10.1%
- SPS1NG…J63Z8.2%
- SP3B30…RPRW8.1%
- SP1V5J…WN0E8.1%
- SP3WEK…8T7S8.1%
- SP3HAE…0PAD6.8%
- SP18HC…F9QY5.7%
- SP2JMM…J0ES4.6%
- SP25FZ…D5232.8%
- SPHN2H…4W8X2.4%
- SP34SB…K2G71.7%
Top 5 highlighted; showing 12 of 36 signers.
2026cycle 143 · 2026-09-09
year to date- Active signers
- 29
- Top-5 signer share
- 66.7%
- Distinct operators
- —no source
- Stacked
- 441.5M STX
- SP2JFF…P1KB19.4%
- SP3TGC…B0A116.1%
- SP0D0P…AA3M16.1%
- SP2JMM…J0ES10.6%
- SP2B8K…7NK24.3%
- SP17Q5…TGHN3.8%
- SP1AD0…W15Y3.5%
- SPTY3C…2NMS2.7%
- SP3PQ7…DHHK2.6%
- SP19DB…BZ4D2.6%
- SP893M…BJ612.6%
- SP64KX…S2NM2.6%
Top 5 highlighted; showing 12 of 29 signers.
PoX contract SP000000000000000000002Q6VF78.pox-5 · activated cycle 140 (2026-07-28) · latest stored cycle 143 (2026-09-09)
