The total combined value of treasuries, or assets under management (AUM), for the use of decentralized autonomous organizations, increased nearly 40-fold between January and September of 2021.
According to data from DAO statistics platform DeepDAO, total AUM for DAO Treasuries listed on the platform increased from about $380 million in January to a peak of about $16 billion in mid-September.
Looking ahead to 2022:
️ How far and how deep will the DAO go into the mainstream and in what cases will it be used?
️(When) DAO Treasury will exceed $100B?
Lots of interesting questions, but together we can formulate this one! pic.twitter.com/JDEC9JBuHC
— DeepDAO.io (@DeepDAO_io) December 30, 2021
As of mid-December, total AUM has decreased by 28.1%, as the high water mark stands at $11.5 billion, a steep decline of $3.6 billion in the past 30 days alone.
User participation in The DAO has grown throughout 2021, with the total number of DAO members and token holders at around 1.3 million in December, representing a 130x increase from the beginning of the year.
DeepDAO ranked the DAO for decentralized exchange (DEX) Uniswap, general purpose BitDAO, and decentralized finance staking platform Lido Finance as the top three in terms of total Treasury value of $2.9 billion, $2.4 billion, and $602 million, respectively Is.
The Uniswap DAO has approximately 275,000 members who can vote on the project’s roadmap and maintain governance on the DEX. According to data from Dune Analytics, Uniswap has been the dominant DEX throughout 2021, pulling in more trading volume than all other DEXs.
The Lido DAO controls its platform, and users are granted governance rights through an Ethereum-based LDO token. Lido Finance has also exploded in 2021, increasing the total value of the platform from $12.5 million in early January to $11.68 billion at the end of December. According to data from DeFiLlama, Lido Finance currently sits as the sixth highest ranked DeFi platform in terms of TVL.
related: DAO aims to raise $5M to revive Blockbuster video
BitDAO is focused on supporting decentralized projects in any blockchain that is voted on by BIT token holders.
The DAO has approximately 10,000 members and focuses on proposals related to direct participation or swaps with projects and expansion opportunities such as the launch of autonomous artist guilds, agricultural cooperatives and ecosystem funds.
DAOs are becoming the digital core dream of the future of work
A global movement that is accumulating massive amounts of capital and has become a powerful talent magnet providing an alternative to big tech https://t.co/0LxGnRziYN
— DeepDAO.io (@DeepDAO_io) December 28, 2021
