The total value held across DAO treasuries has just hit an all-time high, surpassing the $25 billion mark. This milestone comes in spite of a bearish cryptocurrency market, which itself constitutes 40% of the total amount locked in DeFi. DeepDAO, an analytics and discovery engine for the DAO ecosystem, has reported $22 billion of the treasury is liquid, while the rest is earmarked for vesting. Furthermore, the platform lists 12,108 DAOs with 2,353 being tracked for financial and governance data. Optimism Collective stands at the top of the table in terms of treasury funds, with a market share of 22%, closely followed by Arbitrum in second place at 17.5%. According to DeepDAO’s representative, the rise in DAO treasuries can be attributed to increased activity on Ethereum Layer 2 solutions such as Arbitrum and Polygon. Additionally, pancakeSwap’s DAO has made the most decisions in the past week, with a total amount of 3,300 decisions having been made across other DAOs this past month. All things considered, it appears the trend of DAO treasuries continues to grow despite the current market conditions.
Madilyn Robinson
- 2023-03-31
DAO Treasuries Surpass $25 Billion
The total value held across Decentralized Autonomous Organization (DAO) treasuries has just hit an all-time high, surpassing the $25 billion mark. Optimism Collective stands at the top, with a market share of 22%, followed by Arbitrum at 17.5%.
