Since January 2022, the entire crypto economy has shed $1.36 trillion in value as market capitalization has declined from $2.34 trillion to $97.9 billion today. While the crypto economy has lost billions of dollars in value locked in decentralized finance (defi) due to lower value and trading volume, treasury held by decentralized autonomous organizations (DAOs) has increased in value by 7.69% since January, with roughly $700 million added to project cash in the eight months.
DAO treasuries jumped 7.6% higher in USD value, and the value held by the decentralized autonomous organization has increased 6,025% since 2016
On June 10, 2022, the total value of funds held by decentralized autonomous organization (DAO) government bonds reached the $10 billion mark for the first time in history. While the crypto industry has been dealing with declining prices and bearish sentiment, the value held by DAO Treasurys has been able to weather the storm.
Currently, across 4,830 organizations, DAOs hold$9.8 billion,which is just $200 million less than the total value held by DAOs 112 days ago, although $200 million less than three months ago, according to statistics compiled by deepdao.io. The DAO’s treasury value has increased by $700 million since January.
On January 22, deepdao.io’s metricsrecorded by archive.orgshow that at that time there were 4227 organizations and a total of $9.1 billion was held in DAO treasury. At $9.8 billion today, that is a 7.69% increase in USD value held by the DAO Treasury over the past 251 days.
At that time,BitDaoheld $2.4 billion in treasury, it was the largest DAO treasury in January. Uniswapwas the second largest at the time, holding $2.1 billion. Both BitDao and Uniswap are still the top two DAOs in terms of treasury size, but Uniswap is now the largest.
On October 1, Uniswap held $2.8 billion, while Bitdao’s cash shrank to $1.3 billion from $2.4 billion at the beginning of the year Bitdao’s $1.3 billion makes it the second largest DAO treasury, with approximately $1.2 billion followed by ENS, which holds about $1.2 billion.
251 days ago, ENS was No. 14; at the time, Lido Finance was No. 3. Liquid staking protocol DAOs are now the fifth largest, with $283 million held in Lido DAO today.The top 10 DAO hoards are Uniswap, Bitdao, ENS, Gnosis, Lido, Olympus DAO, Mango DAO, Merit Circle, Compound, and Aragon Network.
Of the overall $9.8 billion, there are 3.9 million governors token holders and 698,400 active voters and proposers; 109 DAOs hold more than $1 million and only three have more than $1 billion in funds.
Uniswap has $2.7 billion, but 98.7% of the project’s treasury funds are held inuniswap (UNI)tokens, and Bitdao has many, which has a treasury consisting of different crypto assets, including tokens like ETH, USDC, , and. usdt.
As the crypto economy continues to deal with tumultuous times, decentralized autonomous organization treasury has shown steadfast growth since the beginning of the year.60} Since the first DAOwas created in 2016, DAO treasury has increased 6,025% in USD value over the past 6 years.
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