DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% Increase

According to archived records, 4,833 decentralized autonomous enactment (DAO) treasuries held $10.8 cardinal connected April 15, 2022. Over the people of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, determination has been a important surge, with the funds held by DAO treasuries expanding by 144% to the existent worth of $21.5 billion.

Decentralized Autonomous Organizations Witness Explosive Growth successful 3 Months

Following the nonaccomplishment of the archetypal decentralized autonomous enactment (DAO) successful 2016, the conception of DAOs experienced important growth. As of May 19, 2023, deepdao.io, a web portal dedicated to the investigation and accusation surrounding these organizations, has documented astir 12,763 DAOs. In October 2022, Bitcoin.com News reported connected the fiscal assets held by DAO treasuries, which amounted to a full worth of $9.8 billion. Notably, the largest treasury belonged to Uniswap, boasting a stash of $2.8 billion.

At that time, Bitdao held a cache of $1.3 cardinal successful assets, intimately pursuing Uniswap’s DAO treasury. However, the consequent months witnessed a decline, with the funds held by DAO treasuries plunging to a debased of $8.8 cardinal by February 2023. Fast guardant to today, May 19, 2023, and the script has transformed dramatically. The funds held by DAO treasuries person surged to $21.5 billion. Notably, Bitdao’s treasury present holds the 3rd position, portion Uniswap’s treasury secures the 4th spot among the largest treasuries.

At the forefront of DAO treasuries stands the Optimism Collective, which holds $4.3 cardinal successful integer assets. On its heels is Arbitrum’s treasury, valued astatine $4.1 billion, portion Bitdao secures a important stash of astir $2.5 billion. Uniswap follows intimately with a cache of crypto assets totaling $2.2 billion, and Polygon claims the 5th spot with a treasury valued astatine $1 billion. As the worth held by DAO treasuries skyrocketed by 144% successful the past 90 days, the fig of DAOs besides witnessed a 9% surge. Among the immense database of recorded DAO treasuries successful deepdao.io, there’s astir 6.9 cardinal governance token holders.

Within the DAO ecosystem, an progressive assemblage of 2.2 cardinal voters and connection makers is actively shaping the decentralized autonomous enactment landscape. The cumulative votes formed frankincense acold magnitude to 11.9 million, with 114,300 decisions made crossed the extended web of 12,763 DAOs. Despite a 144% surge since February, the assets nether absorption (AUM) for DAOs successful the erstwhile period hovered astir $25.5 billion, resulting successful an approximate nonaccomplishment of $4 billion. As of today, the AUM stands astatine $21.5 billion, comprising $18.3 cardinal successful liquid funds and $3.1 cardinal locked successful vesting obligations.

What are your thoughts connected the surge successful DAO treasuries and the increasing power of decentralized decision-making? Share your thoughts astir this taxable successful the comments conception below.