DAO Treasuries Exceed $25 Billion for First Time

In spite of the bear market, treasuries managed by decentralized autonomous organizations (DAO) have more than doubled since the beginning of 2023. 

DAO Treasuries Top $25B

As of March 31, total assets held by all decentralized autonomous organizations reached a record $25.6 billion, data from analytics service DeepDAO reveals. Of that, $22.1 billion is liquid assets, and the remaining $3.5 billion is the value of governance tokens. 

By comparison, DeFiLlama says the total amount of funds blocked in the DeFi sector is just over $49.6 billion, an increase of $10 billion, or about a quarter, since early 2023. Yet, funds held by DAOs have almost doubled over the same time period. 

According to DeepDAO, there are a total of 1,108 DAOs, 2,353 of which are analyzed by the platform. At the moment, the leader in the volume of treasury funds is Optimism Collective, which has $5.5 billion under management. L2beat reports that Optimism is the second most popular layer 2 solution on Ethereum after Arbitrum One. Still, Arbitrum DAO has $4.4 billion in funds under management. 

The top five in terms of funds under management also include: 

  • BitDAO — $2.6 billion;
  • Uniswap DAO — $2.5 billion;  
  • Polygon DAO — $1.5 billion.

DeepDAO reports that the PancakeSwap community has been the most active over the past week, with 66 decisions made by its members. The total number of DAO decisions in March was 3,300, compared to 3,700 a month earlier. 

Recall that the field of decentralized autonomous organizations has recently developed quite actively: 

  • In November 2022, the Digital Agency of Japan launched its own DAO to explore the technology;   
  • In December 2022, the Marshall Islands legalized the registration of DAOs as for-profit LLCs; 
  • In January 2023, the World Economic Forum released a “toolkit” for DAOs. 

CP Media published more details about the decentralized autonomous organizations within the special project with XDAO. 

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