According to Odaily Planet Daily, Dune data shows that the number of Polkadot governance votes tends to be high every month. When governance activity is low, the number of DOTs voted accounts for about 32.65% of the total supply.
When governance activity is high, this ratio can reach up to 65.30%. Although this data includes reused DOTs, the governance participation of DOT holders has gradually increased since the launch of OpenGov.