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. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) have increased by 7.69% in value since January, as roughly $700 million was added to the projects’ caches in eight months.
The DAO Treasury USD jumps 7.6% in value, a 6,025% increase in value held by decentralized autonomous organizations since 2016
On June 10, 2022, the total amount of money held by Decentralized Autonomous Organization (DAO) treasuries reached the $10 billion threshold for the first time in history. While the crypto industry is dealing with low prices and bearish sentiment, the values held by The DAO Treasuries have managed to weather 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.
On January 22, deepdao.io metrics recorded by archive.org indicate that there were 4,227 organizations at the time, and collectively, $9.1 billion was held in the DAO Treasury. With $9.8 billion today, this is a 7.69% increase in the USD value held by DAO Treasuries over the past 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. Both Bitdao and Uniswap are still the top two DAOs in terms of treasury size, but Uniswap is now the largest.
As of October 1, Uniswap holds $2.8 billion, while Bitdao’s cash has declined from $2.4 billion held at the beginning of the year to $1.3 billion. BitDAO’s $1.3 billion makes it the second largest DAO treasury, followed by ENS which has around $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.
Of the full $9.8 billion, there are 3.9 million governance token holders, and 698,400 active voters and proposal makers. 109 DAOs held $1 million or more, while only three DAOs held 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.
As the crypto economy continues to deal with turbulent times, the decentralized autonomous organization Treasury has seen steady growth since the beginning of the year. Since the first DAO was created in 2016, the USD value in DAO Treasuries has increased by 6,025% during the past six years.
