As the market capitalization fell from $2.34 trillion to $979 billion as of today, the whole crypto economy has lost $1.36 trillion in value since January 2022. Decentralized autonomous organizations (DAOs) hold treasuries that have increased in value since January by 7.69% due to the addition of about $700 million to the projects’ caches over the course of eight months, despite the fact that the value of the crypto economy is down, trade volumes are down, and the value locked in decentralized finance (defi) has lost billions.
For the first time ever, decentralized autonomous organization (DAO) treasuries’ total holdings will surpass $10 billion on June 10, 2022. While the cryptocurrency market is struggling with falling prices and a pessimistic mood, the value of DAO treasuries has held quite well.
There were 4,227 organizations and $9.1 billion in DAO treasuries on January 22, according to deepdao.io stats gathered by archive.org. With $9.8 billion as of right now, DAO Treasury holdings have increased in USD value by 7.69% during the past 251 days.
In January of that year, Bitdao had the most immense DAO treasury with $2.4 billion in its possession. In terms of treasury size, Bitdao and Uniswap remain the top two DAOs, although Uniswap has surpassed both.
As of October 1, Uniswap had $2.8 billion, while Bitdao’s cache, which was $2.4 billion at the beginning of the year, had shrunk to $1.3 billion. Bitdao ($1.3 billion), followed by ENS ($1.2 billion), has the second-largest DAO treasury.
ENS was the 14th-largest company 251 days ago, while Lido Finance was the third-largest at the time. With $283 million now held in the Lido DAO, the DAO for the liquid staking protocol is currently the sixth biggest. Among the top 10 DAO treasuries are Uniswap, Bitdao, ENS, Gnosis, Lido, Olympus DAO, Mango DAO, Merit Circle, Compound, and Aragon Network.
There are 3.9 million governance token owners out of the total $9.8 billion, and 698,400 people are active voters and proposal producers.
While Bitdao has a treasury made up of a variety of various crypto assets, including tokens like BIT, ETH, USDC, and USDT, Uniswap has a treasury made up of $2.7 billion, and 98.7% of the project’s money is held in uni swap (UNI) tokens.
Decentralized autonomous organization treasuries have witnessed consistent growth since the start of the year despite the ongoing turbulence in the crypto market. The value of DAO treasury in USD has increased by 6,025% since the first DAO was launched in 2016.
