Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

Since January 2022, the full crypto system has shed $1.36 trillion successful value, arsenic the marketplace capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto system is down successful value, commercialized volumes are lower, and the worth locked successful decentralized concern (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) person accrued by 7.69% successful worth since January, arsenic astir $700 cardinal was added to the projects’ caches successful 8 months.

DAO Treasuries Jump 7.6% Higher successful USD Value, Since 2016 the Value Held by Decentralized Autonomous Organizations Grew by 6,025%

On June 10, 2022, the full magnitude of funds held by decentralized autonomous enactment (DAO) treasuries reached the $10 cardinal scope for the archetypal clip successful history. While the crypto manufacture is dealing with little prices and bearish sentiment, the worth held by DAO treasuries has managed to upwind the storm.

Presently, crossed 4,830 organizations, DAOs clasp $9.8 billion, which is lone $200 cardinal little than the aggregate worth held by DAOs 112 days ago. While it is $200 cardinal little than it was 3 months ago, DAO treasury values person accrued by $700 cardinal since January, according to stats aggregated by deepdao.io.

On January 22, deepdao.io metrics recorded by archive.org bespeak determination were 4,227 organizations astatine that time, and collectively, $9.1 cardinal was held successful DAO treasuries. With $9.8 cardinal today, that’s a 7.69% summation successful USD worth held by DAO treasuries implicit the past 251 days.

At the time, Bitdao held $2.4 cardinal successful its treasury and it was the largest DAO treasury successful January. Uniswap was the 2nd largest astatine the time, with $2.1 billion. Both Bitdao and Uniswap are inactive the apical 2 DAOs successful presumption of treasury size, but Uniswap is present the largest.

On October 1, Uniswap has $2.8 billion, portion Bitdao’s cache has shrunk to $1.3 cardinal from the $2.4 cardinal held astatine the opening of the year. Bitdao’s $1.3 cardinal makes it the 2nd largest DAO treasury and it’s followed by ENS which holds astir $1.2 billion.

251 days ago, ENS was the 14th largest and astatine the time, the 3rd largest was Lido Finance. The liquid staking protocol’s DAO is present the 5th largest, with $283 cardinal held successful the Lido DAO today. The apical 10 DAO treasuries see Uniswap, Bitdao, ENS, Gnosis, Lido, Olympus DAO, Mango DAO, Merit Circle, Compound, and Aragon Network.

Out of the full $9.8 billion, determination are 3.9 cardinal governance token holders, and 698,400 progressive voters and connection makers. 109 DAOs clasp $1 cardinal oregon more, portion lone 3 DAOs person much than a cardinal successful funds.

While Uniswap has $2.7 billion, 98.7% of the project’s treasury funds are held successful uniswap (UNI) tokens, and Bitdao has a treasury comprised of a clump of antithetic crypto assets which see tokens similar BIT, ETH, USDC, and USDT.

As the crypto system continues to woody with tumultuous times, decentralized autonomous enactment treasuries person seen steadfast maturation since the commencement of the year. Since the first DAO was created successful 2016, DAO treasuries person accrued 6,025% successful USD worth during the past six years.

What bash you deliberation astir the thousands of DAOs contiguous and the $9.8 cardinal held by DAO treasuries? Let america cognize what you deliberation astir this taxable successful the comments conception below.