DAO treasuries surged 40X in 2021: DeepDAO


The combined total value of treasuries, or assets under management (AUM) for the use of decentralized autonomous organizations, increased by about 40 times between January and September 2021.

According to data from the DAO statistics platform DeepDAO, the total DAO treasury assets under management listed on the platform rose from around $ 380 million in January to a peak of around $ 16 billion at mid-September.

In mid-December, total assets under management fell 28.1% from peak to $ 11.5 billion, down $ 3.6 billion in the past 30 days only.

User participation in DAOs has also increased throughout 2021, with the total number of DAO members and token holders rising to around 1.3 million in December, marking a 130-fold increase since the start of the year. year.

DeepDAO ranks DAOs for Uniswap Decentralized Exchange (DEX), General Purpose BitDAO, and Lido Finance decentralized financial staking platform in the top three in terms of total cash value at $ 2.9 billion, 2 , $ 4 billion and $ 602 million each.

Uniswap DAO has approximately 275,000 members who can vote on the project roadmap and maintain governance on DEX. Uniswap has been the dominant DEX throughout 2021, attracting more deal volume than all other DEXs combined according to data from Dune Analytics.

The Lido DAO governs its platform and users are granted governance rights through the Ethereum-based LDO token. Lido Finance also exploded in 2021, with the total value of the locked-down platform rising from $ 12.5 million in early January to $ 11.68 billion in late December. According to DeFiLlama data, Lido Finance is currently the sixth highest ranked DeFi platform in terms of TVL.

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BitDAO focuses on supporting decentralized projects across any blockchain that are voted on by BIT token holders.

The DAO has around 10,000 members and focuses on proposals for direct partnerships or exchanges with projects, and expansion opportunities such as the launch of self-employed artist guilds, agricultural cooperatives and ecosystem funds.