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Market

DAO treasury will grow 40-fold in 2021

December 31, 2021 - Around 2 mins mins to read

Total Assets Under Management (AUM) for use by decentralized autonomous organizations increased 40-fold between January and September 2021.

DAO treasury will grow 40-fold in 2021

According to statistics from the DeepDAO platform, the total AUM for the DAO Treasury grew from around $ 380 million in January to an all-time high (ATH) of around $ 16 billion in mid-September.

“Let’s see how far and deep the DAO will go in 2022 and what use cases will there be? When will the DAO Treasury Department exceed $ 100 billion? “

To date, the AUM is down 28.1% overall, down $ 3.6 billion in the last 30 days to $ 11.5 billion.

User engagement also increased over the course of 2021, with the total number of DAO members and owners now reaching around 1.3 million, a 130-fold increase since the start of the year.

DeepDAO ranks Uniswap DAO, BitDAO and Lido Finance DAO with 2.9 billion

The Uniswap DAO has around 275,000 members who can vote on the project’s roadmap and maintain governance. It dominated the DEX market in 2021 with more trading volume than all the other DEXs combined.

Lido Finance DAO manages its platform and users are granted governance rights via the Ethereum-based LDO token. It also exploded in 2021, with Total Value Locked (TVL) climbing from $ 12.5 million in early January to $ 11.68 billion and is currently the sixth-ranked DeFi platform in terms of TVL.

BitDAO is focused on supporting decentralized projects on any blockchain chosen by BIT holders. It has around 10,000 members and focuses on proposals related to direct partnerships or swaps and offers many opportunities for expansion such as the establishment of ecosystem funds.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

DAO treasury will grow 40-fold in 2021

Total Assets Under Management (AUM) for use by decentralized autonomous organizations increased 40-fold between January and September 2021.

DAO treasury will grow 40-fold in 2021

According to statistics from the DeepDAO platform, the total AUM for the DAO Treasury grew from around $ 380 million in January to an all-time high (ATH) of around $ 16 billion in mid-September.

“Let’s see how far and deep the DAO will go in 2022 and what use cases will there be? When will the DAO Treasury Department exceed $ 100 billion? “

To date, the AUM is down 28.1% overall, down $ 3.6 billion in the last 30 days to $ 11.5 billion.

User engagement also increased over the course of 2021, with the total number of DAO members and owners now reaching around 1.3 million, a 130-fold increase since the start of the year.

DeepDAO ranks Uniswap DAO, BitDAO and Lido Finance DAO with 2.9 billion

The Uniswap DAO has around 275,000 members who can vote on the project’s roadmap and maintain governance. It dominated the DEX market in 2021 with more trading volume than all the other DEXs combined.

Lido Finance DAO manages its platform and users are granted governance rights via the Ethereum-based LDO token. It also exploded in 2021, with Total Value Locked (TVL) climbing from $ 12.5 million in early January to $ 11.68 billion and is currently the sixth-ranked DeFi platform in terms of TVL.

BitDAO is focused on supporting decentralized projects on any blockchain chosen by BIT holders. It has around 10,000 members and focuses on proposals related to direct partnerships or swaps and offers many opportunities for expansion such as the establishment of ecosystem funds.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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