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DAO Treasuries have risen by $700 million since January

, despite the Crypto Market Downturn

Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

Since January 2022, the entire crypto economy has shed $1. 36 trillion in value, as the market capitalization dropped from $2. 34 trillion to today’s $979 billion. Although the crypto economy has slowed in value, trade volume is lower and decentralized finance (defi), has lost billions. However, the value of treasuries owned by decentralized autonomous organisations (DAOs), has increased by 7. 69% in value since January, as roughly $700 million was added to the projects’ caches in eight months.

DAO Treasuries Jump 7.6% Higher in USD Value, Since 2016 the Value Held by Decentralized Autonomous Organizations Grew by 6,025%

On June 10, 2022, the total amount of funds held by decentralized autonomous organization (DAO) treasuries reached the $10 billion range for the first time in history. Despite lower prices and bearish sentiment in crypto, DAO treasuries’ value has weathered the storm.

Presently, across 4,830 organizations, DAOs hold $9.8 billion, which is only $200 million less than the aggregate value held by DAOs 112 days ago. While it is $200 million less than it was three months ago, DAO treasury values have increased by $700 million since January, according to stats aggregated by deepdao.io.

Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

On January 22, deepdao.io metrics recorded by archive.org indicate there were 4,227 organizations at that time, and collectively, $9.1 billion was held in DAO treasuries. This is a 7.8 billion increase in USD value today. 69% increase in USD value held by DAO treasuries over the last 251 days.

At the time, Bitdao held $2.4 billion in its treasury and it was the largest DAO treasury in January. Uniswap was the second largest at the time, with $2.1 billion. Bitdao (and Uniswap) are still the top DAOs for treasury size. However, Uniswap is now by far the largest.

Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

Uniswap’s $2.8 billion was on October 1st, while Bitdao has $1.3 billion. Bitdao’s $2.4 billion cache was at the start of the year. Bitdao’s $1.3 billion makes it the second largest DAO treasury and it’s followed by ENS which holds roughly $1.2 billion.

251 days ago, ENS was the 14th largest and at the time, the third largest was Lido Finance. The liquid staking protocol’s DAO is now the fifth largest, with $283 million held in the Lido DAO today. The top ten DAO treasuries include Uniswap, Bitdao, ENS, Gnosis, Lido, Olympus DAO, Mango DAO, Merit Circle, Compound, and Aragon Network.

Out of the entire $9.8 billion, there are 3.9 million governance token holders, and 698,400 active voters and proposal makers. 109 DAOs hold $1 million or more, while only three DAOs have more than a billion in funds.

While Uniswap has $2.7 billion, 98.7% of the project’s treasury funds are held in uniswap (UNI) tokens, and Bitdao has a treasury comprised of a bunch of different crypto assets which include tokens like BIT, ETH, USDC, and USDT.

Decentralized autonomous organization (DAO) treasuries have shown steady growth since the beginning of the year, despite the fact that the crypto economy is still dealing with turbulent times. Since the first DAO was created in 2016, DAO treasuries have increased 6,025% in USD value during the last six years.

What do you think about the thousands of DAOs today and the $9.8 billion held by DAO treasuries? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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