DAO Treasuries Surpasses the $25 Billion Mark – Report

Despite a turbulent crypto market, the decentralized autonomous organization (DAO) subsector appears to be growing rapidly as data reveals that assets held in DAO treasuries have more than doubled since the beginning of the year even in the presence of a bear market.

Citing figures from the analysis platform DeepDAO, as of March 31, the total treasury for all decentralized autonomous organizations amounts to $25.6 billion. $22.1 billion of this sum is liquid assets while the remaining $3.5 billion is reserved for vesting. 

The treasury represents the total amount of assets that is at the disposal of the DAO. This sum excludes assets such as staking accounts and reward fees which are unowned but managed by the DAO.

As revealed by Eyal Eithcowich, the founder of DeepDAO, the $25.1 billion figure represented a 1000% growth compared to the first time the firm aggregated DAO treasuries. At that time, the total was $23 million.

How the DAOs performed

According to the analytics platform, there are 12,156 DAOs, of which 2354 were analyzed by DeepDAO.  As of now, Optimism Collective leads the pack with $5.7 billion in treasury funds representing a 22% market share.

Arbitrum One, another layer 2 platform with $4.8 billion representing 17.5% market shares placed second. Other DAOs making up the top five include BitDAO, Uniswap, and Polygon with each holding a treasury of $2.6 billion, $2.5 billion, and $1.4 billion respectively.

Additionally, with a total of 66 decisions, DeepDAO says PancakeSwap is the most active Decentralized Autonomous Organization community in the past week noting that a total of 3,300 decisions were made for all DAOs in March 2023 falling short of 3,700 recorded in February.

Meanwhile, MakerDAO recently reported that the firm’s earnings and revenue for 2022 plummeted in comparison to that of the previous year. The platforms blamed this performance on the collapse of Terraform Labs and Bahamian-headquartered FTX.

In related news, the Marshall Islands’ new legislation dubbed the Decentralized Autonomous Organizations Act of 2022 thereby makes the governance, voting, and tokenization processes of DAOs legal. The law also recognizes DAOs as limited liability companies (LLCs).