DAO treasuries surpass $25 billion for the first time

DAO treasuries have exceeded $25 billion for the first time, according to data provided by DeepDAO, a platform that tracks decentralized autonomous organizations (DAOs). The milestone reflects the growing interest and investment in DAOs, which are decentralized communities that use blockchain technology to manage their operations.

As of April 1, 2023, the total assets held in DAO treasuries stood at a whopping $25.9 billion, a new all-time high for the budding sector. Out of this figure, about $22.3 billion is liquid, while $3.6 billion has been set aside for vesting.

It is worth adding that the $25.9 billion represents just 50% of the total value locked (TVL) for all DeFi. As of press time, the TVL for all DeFi was approximately $50 billion, a 39% increase from what it was at the end of 2022.

The report shows that the top 10 DAOs by treasury size account for nearly 90% of the total funds held by all DAOs. Optimism Collective is leading in terms of treasury funds, with $5.7 billion in assets under management. This huge holding gives it a market share of 22%. More so, according to L2beat, it is the second most popular Ethereum layer-2 solutions provider after Arbitrum One. 

Arbitrum controls a 17.5% market share, with a DAO treasury holding of $4.9 billion. Other DAOs that join up in the top five are BitDAO, Uniswap, and Polygon, with treasuries of $2.6 billion, $2.6 billion, and $1.5 billion, respectively.

Meanwhile, PancakeSwap has been the most active DAO in the past week, reaching 66 decisions. For the whole of March, a total number of 3,300 decisions were made from all analyzed DAOs, 400 decisions less than what was obtained in February.