- GIP-140 updates GnosisDAO voting by using on-chain and beacon data.
- GNO price is drifting lower amid profit-taking and technical resistance.
- Liquidity constraints and stablecoin rules may influence short-term sentiment.
The price of Gnosis experienced moderate volatility after GnosisDAO approved GIP-140, a major governance update designed to overhaul the platform’s voting mechanisms.
GIP-140 replaces the current GNO subgraph-based voting strategy with a set of strategies that read blockchain state directly from execution and beacon layers.
Approval of the proposal marks a meaningful step toward improving Snapshot voting accuracy and reliability by adding support for StakeWise tokens and reducing reliance on external data providers.
GIP-140: voting upgrade for accuracy and inclusivity
The adoption of GIP-140 reflects broad consensus among GnosisDAO participants: the proposal passed with a decisive majority of 82 votes in favor.
The primary goal is to eliminate dependence on subgraphs, which historically caused delays and inaccuracies in calculating voting power.
The new system attributes voting rights to GNO balances on both Gnosis Chain and Ethereum, to locked GNO assets, to validator balances, and to sGNO and osGNO tokens from StakeWise.
By sourcing data directly from on-chain and beacon sources, the proposal aims to create a more robust and transparent voting environment that better captures stakeholders’ real influence.
Technically, the change involves updating Snapshot configuration via a SafeSnap transaction that points to aggregator contracts deployed on both Gnosis Chain and Ethereum, plus a new beacon-chain strategy for GNO staking.
Delegation mechanisms were also updated to incorporate these new sources, ensuring a smooth transition for DAO participants who rely on existing workflows.
The adjustments help GnosisDAO address complex governance requirements while reducing dependence on third-party indexers such as The Graph, which previously introduced inconsistencies.
Gnosis price enters consolidation amid profit-taking
Surprisingly, following GIP-140’s approval, GNO’s price retraced slightly, falling 0.89% over the past 24 hours while the broader crypto market rose by 0.06%.
The price move is consistent with profit-taking after GNO posted a weekly gain of 7.98% and an 8.3% rise in October.
Technical indicators suggest the market is testing resistance around the 30-day simple moving average at $137.93 and the 61.8% Fibonacci retracement level at $138.47.
Source: CoinMarketCap
While the RSI remains neutral at 53.42, a bearish divergence in the MACD hints at potential short-term consolidation.
Liquidity pressure related to CoinDCX’s delisting in June 2025 continues to weigh on GNO trading activity.
Although the delisting process has unfolded over several months, retail access to the token has been reduced and the 24-hour turnover ratio of 1.08% remains relatively low compared with broader DeFi averages.
Regulatory uncertainty surrounding stablecoins—particularly the relaunch of USDS under stricter U.S. legislation—can also indirectly affect sentiment toward assets on the Gnosis Chain.
Nevertheless, ecosystem milestones such as $100 million in Gnosis Pay transaction volume indicate that adoption could offset some of these headwinds.
Looking ahead
The combination of technical consolidation, ongoing liquidity constraints, and regulatory considerations creates a cautious yet attentive environment for GNO price action.
Holding the $135–$137 zone may provide the stability needed to regain momentum, especially as GnosisDAO’s updated Snapshot strategies begin to reflect more accurate voting power across multiple token types.
In the coming weeks, GNO’s price may respond to both market dynamics and the tangible effects of GIP-140’s implementation, particularly if the changes enhance voting accuracy and encourage broader DAO participation.
For now, the community appears united, and the successful passage of GIP-140 is a notable milestone that could shape GNO’s trajectory in governance and market performance.