DAO treasuries top $25 billion for the first time: DeepDAO
Decentralized autonomous organization (DAO) treasuries are rapidly growing having just surpassed a major milestone, according to DeepDAO.
According to figures from the DAO data platform, on March 31, total assets for all decentralized autonomous organizations reached a record $25.1 billion.
The treasury is the total sum of assets the DAO may use at its own discretion. It excludes DAO-managed but unowned assets such as staking accounts and reward fees.
Around $22 billion of that total is liquid with around $3.5 billion set aside for vesting, according to DeepDAO.
Remarkably, assets in DAO treasuries have more than doubled since the beginning of 2023 which is no mean feat for a bear market.
Furthermore, the figure of $25.1 billion represents around 40% of the total value locked for all of DeFi as reported by DeFiLlama. This is currently $61.7 billion following a 39% increase since the beginning of this year.
DeepDAO is a discovery and analytics engine for the DAO ecosystem that lists and analyzes financial and governance data for the fast-growing sector. DeepDAO reports that there are 12,108 DAOs, 2,353 of which are analyzed by the platform.
Related: DAO gets legal recognition in the US as Utah DAO Act passes
A DeepDAO representative told Cointelegraph the big movers are layer 2 DAOs, with infrastructure now the leading category overtaking DeFi.
“Up till recently Uniswap and BitDao were biggest with over $2 billion each, now with the addition of Optimism, Arbitrum, Polygon we’ve got a whole pack of really big DAOs,” DeepDAO’s Daniel Bar said.
total value across all DAO treasuries surpassed $25B for first time ever pic.twitter.com/VcymWJOkOy
The Optimism Collective is the leader in terms of treasury funds with $5.5 billion
Read more on cointelegraph.com
