- April 11, 2023
- Posted by: [email protected]
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The decentralized autonomous organization (DAO) landscape is booming, with its treasuries reaching an incredible milestone. On March 31, the total assets of all DAOs combined hit a record-breaking $25.1 billion, as per data from the DAO data platform. This means that these organizations now have a significant amount of resources at their disposal, allowing them to make autonomous decisions on how to use those funds.
Eyal Eithcowich, the mastermind behind DeepDAO, a platform that explores and analyzes financial and governance data of DAOs, recently shared an astonishing revelation. According to him, the total worth of DAO treasuries on DeepDAO was a mere $23 million when they were first aggregated. Fast forward to today, and that number has soared to an incredible $25 billion – a growth of 1000 times!
This exponential growth is a testament to the widespread adoption and acceptance of decentralized autonomous organizations, and it’s fascinating to see how they’re changing the game in the crypto world. Of the total $25.5 billion, approximately $22 billion is available for immediate use as liquid assets, while the remaining $3.5 billion is set aside for vesting.
According to Eyal Eithcowich, a major shift is underway in the decentralized autonomous organization (DAO) space. Eithcowich noted that layer 2 DAOs, specifically those focused on infrastructure, are now the leading category, overtaking DeFi. This shift has led to the Optimism Collective emerging as the leader in terms of treasury funds, with a whopping $5.5 billion giving it a market share of 22%. Optimism is the second most popular Ethereum layer-2 solutions provider after Arbitrum One, making it a key player in the world of DAOs.
DeepDAO has also revealed that PancakeSwap was the most active DAO over the past week, with 66 decisions made. Despite a slight drop in the number of decisions made in March compared to February, the total number of decisions made for all DAOs analyzed in the past month was a significant 3,300. These numbers showcase the continued growth and evolution of DAOs and highlight how they’re changing the crypto world.
The rise of decentralized autonomous organizations (DAOs) is shaking up the crypto world like never before. The exponential growth of DAO treasuries is a clear indication of their growing popularity among individuals and institutions. As the concept of decentralized autonomous organizations gains wider acceptance, it is expected that their treasuries will continue to swell, thus revolutionizing the traditional business models of the crypto world. This is indeed an exciting time for the crypto space, and the possibilities presented by DAOs continue to unlock a more decentralized future.
