DAO treasury to grow 40 times in 2021: DeepDAO

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2022-01-03 10:28:17

DeepDAO ranks Uniswap DAO, BitDAO, and Lido Finance DAO as the top three companies in terms of treasury value with $2.9 billion, $2.4 billion, and $602 million each.

The aggregate value of treasury or assets under management (AUM) for use by decentralized self-governing organizations has increased approximately 40-fold between January and September 2021.

According to data from DAO statistics platform DeepDAO, the total AUM for DAO treasuries listed on the platform increased from around $380 million in January to a peak of around $16 billion in mid-September.

As of mid-December, total AUM has dropped 28.1% since peaking at $11.5 billion, down $3.6 billion in just the past 30 days.

User participation in the DAO has also increased throughout 2021, with the total number of DAO members and token sellers tally at around 1.3 million in December, marking a 130-fold increase since from the beginning of the year.

DeepDAO ranks DAOs for decentralized exchange (DEX) Uniswap, general purpose BitDAO, and decentralized finance platform Lido Finance as the top three in terms of total treasury value at $2.9 billion at $2.9 billion. , $2.4 billion and $602 million each.

The Uniswap DAO has approximately 275,000 members who can vote on the project’s roadmap and maintain governance over the DEX. Uniswap has been the dominant DEX throughout 2021, pulling in more trades than all other DEXs combined according to Dune Analytics data.

Lido DAO manages its platform and users are granted governance rights through the Ethereum-based LDO token. Lido Finance has also boomed in 2021, with the total value of the locked platform growing from $12.5 million in early January to a whopping $11.68 billion at the end of December. from DeFiLlama, Lido Finance is currently the sixth highest rated DeFi platform in terms of TVL.

BitDAO is focused on supporting decentralized projects on any blockchain voted by BIT token holders.

The DAO has about 10,000 members and focuses on proposals related to direct partnerships or swaps with projects and expansion opportunities such as the establishment of autonomous artist guilds, agricultural cooperatives, etc. industry and ecosystem funds.

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