Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries

During the aboriginal years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and astute contracts were discussed successful theory. Nowadays galore radical see The DAO, launched successful 2016 by members of the Slock.it improvement team, to beryllium the archetypal astute contract-based DAO. In 2022, there’s a batch much DAOs, arsenic statistic amusement that $10 cardinal is held by DAO treasuries.

Thousands of DAOs, $10 Billion Held successful Treasuries, 1.7 Million Governance Token Holders

Well earlier the concepts were introduced, astute contracts and decentralized autonomous organizations (DAOs) came to the imaginativeness of a fewer legendary cryptographers. Following Satoshi Nakamoto’s great invention, blockchain exertion coupled with astute contracts opened the doors for decentralized organizations.

In 2016, Ethereum developers and members of the Slock.it squad created what galore refer to and cite arsenic the archetypal decentralized autonomous organization. After Stephan Tual, Simon Jentzsch, and Christoph Jentzsch announced The DAO, the task managed to rise $150 cardinal from the tokens sold.

However, owed to vulnerabilities successful its codification base, The DAO was hacked and the attacker managed to siphon millions of dollars successful ethereum (ETH). “This is an contented that affects the DAO specifically; Ethereum itself is perfectly safe,” Vitalik Buterin said successful June 2016. The DAO onslaught did not halt the instauration of DAOs, arsenic a report published successful September 2021 by Consensys recorded “978,000 DAO members.”

“Current projects see galore that absorption solely connected token services, governance, treasury management, hazard management, growth, community, operations, and improvement for DAOs,” the Consensys study details.

Academic Paper connected DAOs Says Concept ‘May Introduce a New Era successful Organizational Economics’

Statistics from the analytical web portal deepdao.io shows there’s $10 cardinal successful worth held by the apical decentralized autonomous organizations contiguous successful presumption of treasury holdings. $7.1 cardinal is liquid and $2.9 cardinal is presently vested, according to metrics astatine the clip of writing.

Out of the apical DAOs determination are 1.7 cardinal governance token holders, and 669,000 progressive voters and connection makers. Uniswap’s DAO has the largest treasury astatine the clip of writing, with $2.2 billion, and Gnosis is the 2nd largest with $1.5 billion.

Uniswap besides has the largest fig of governance token holders with 332,900 recorded today. In presumption of governance token holder numbers, Uniswap is followed by Decentraland, Compound, ENS, Aave, and Synthetix. Below Uniswap’s and Gnosis’s treasury holdings are Bitdao ($1.3B), Polkadot ($441.9M), and UXD protocol ($406.9M).

The apical 3 DAOs today, successful presumption of treasury size, clasp aggregate tokens portion Polkadot’s DAO lone holds DOT. UXD protocol leverages 5 antithetic cryptos successful the treasury, including the project’s algorithmic stablecoin based connected the Solana blockchain. Out of Uniswap’s 332,900 governance token holders, deepdao.io statistic bespeak determination are lone 8,400 progressive members.

Metrics amusement Gnosis has 17,700 governance token holders but lone 1,500 progressive members. Uniswap has 83 governance proposals, Gnosis has 43 proposals, and Bitdao presently has 10 proposals users tin ballot on. Pancake Swap and Decentraland person the astir proposals arsenic Pancake Swap has 3,300 and the metaverse task Decentraland has 1,200 governance proposals connected the table.

DAOs are astir decidedly a world now, but there’s a whole batch of debate connected however decentralized and autonomous they truly are. Despite immoderate setbacks, an academic paper connected DAOs says that overall, “DAOs whitethorn present a caller epoch successful organizational economics, transforming the planetary firm scenery from hierarchical organizations to antiauthoritarian and distributed organizations powered by organizational entrepreneurship and innovations.”

What bash you deliberation astir the thousands of DAOs contiguous and the $10 cardinal held by DAO treasuries? Let america cognize what you deliberation astir this taxable successful the comments conception below.