DeepDAO Treasuries Exceed $25 Billion For The First Time

Key Points:

• Decentralized autonomous organization (DAO) treasuries have reached a record $25.1 billion, with assets more than doubling since the beginning of 2023.
• Around $22 billion of the total assets are liquid, while $3.5 billion is set aside for vesting.
• Layer 2 DAOs, such as Optimism Collective and Arbitrum, are leading the way in treasury funds, with the former having a market share of 22% and treasury funds totaling $5.5 billion.

According to DeepDAO, there has been a major milestone in the rapid growth of decentralized autonomous organization (DAO) treasuries.

Figures from the DAO data platform show that on March 31, total assets for all DAOs reached a record $25.1 billion, which is an impressive achievement. The treasury is the total sum of assets that the DAO may use at its discretion, excluding DAO-managed but unowned assets such as staking accounts and reward fees. Out of the total amount, $22 billion is liquid, while $3.5 billion is set aside for vesting. What’s even more remarkable is that assets in DAO treasuries have more than doubled since the beginning of 2023, especially during a bear market.

Moreover, the figure of $25.1 billion signifies around 40% of the total value locked for all of DeFi, as reported by DeFiLlama. This figure is currently at $61.7 billion, having increased by 39% since the beginning of the year. DeepDAO, a discovery and analytics engine for the DAO ecosystem, lists and analyzes financial and governance data for the fast-growing sector. The platform reveals that there are 12,108 DAOs, and 2,353 of these are analyzed by the platform.

Interestingly, the big movers are layer 2 DAOs, with infrastructure now the leading category overtaking DeFi, according to a DeepDAO representative. Until recently, Uniswap and BitDao were the biggest with over $2 billion each. Still, with the addition of Optimism, Arbitrum, and Polygon, a whole pack of really big DAOs has emerged. Optimism Collective is the leader in terms of treasury funds, with $5.5 billion giving it a market share of 22%. Optimism is the second most popular Ethereum layer-2 solution provider after Arbitrum One, according to L2beat. However, Arbitrum has a slightly lower DAO treasury of $4.4 billion, giving it a share of 17.5%. The remaining DAOs comprising the top five are BitDAO, Uniswap, and Polygon, with treasuries of $2.6 billion, $2.5 billion, and $1.5 billion, respectively.

DeepDAO reports that the most active DAO over the past week has been PancakeSwap, with 66 decisions. The total number of decisions made for all DAOs analyzed over the past month was 3,300, a fall from February’s 3,700 decisions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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