DAO treasuries surged 40X in 2021: DeepDAO
The total value of treasuries or assets under management (AUM) for the use of decentralized autonomous organizations increased 40-fold between January and September 2021.
According to data from the DAO statistics platform DeepDAO, the total assets of the DAO government bonds listed on the platform rose from around 380 million US dollars in January to a high of around 16 billion US dollars in mid-September.
Outlook for 2022:
✍️ How far and how deep will DAOs penetrate the mainstream and into which use cases?
✍️ (When) will DAO Treasury bonds exceed $ 100 billion?
Lots of interesting questions, but together we can BUILD! pic.twitter.com/JDEC9JBuHC
– DeepDAO.io (@DeepDAO_io) December 30, 2021
By mid-December, the AUM had increased by 28.1% to 11.5 billion since the high watermark.
User participation in DAOs has also increased in 2021, with the total number of DAO members and token hodlers at around 1.3 million in December, a 130-fold increase since the start of the year.
DeepDAO ranks the DAOs for the decentralized exchange (DEX) Uniswap, the general purpose BitDAO, and the decentralized financial stacking platform Lido Finance as the top 3 for total treasury worth of $ 2.9 billion each, $ 2.4 billion and $ 602 million.
The Uniswap DAO has around 275,000 members who can vote on the project’s roadmap and maintain control over the DEX. Uniswap was the dominant DEX throughout 2021 and, according to Dune Analytics data, attracted more trading volume than all other DEXs combined.
The Lido DAO governs its platform, and users are granted governance rights via the Ethereum-based LDO token. Lido Finance also exploded in 2021, with the total value of the locked platform rising from $ 12.5 million in early January to a whopping $ 11.68 billion in late December. According to data from DeFiLlama, Lido Finance is currently the sixth highest DeFi platform in terms of TVL.
Related: DAO plans to raise $ 5 million to revive blockbuster video
BitDAO focuses on supporting decentralized projects in each blockchain that is voted on by BIT token holders.
The DAO has around 10,000 members and focuses on proposals for direct partnerships or exchange with projects as well as expansion options such as the establishment of autonomous artists’ guilds, agricultural cooperatives and ecosystem funds.
DAOs are becoming the digital natives’ dream of the future of work
A global movement that is amassing a lot of capital and has become a strong talent magnet offering an alternative to big tech https://t.co/0LxGnRziYN
– DeepDAO.io (@DeepDAO_io) December 28, 2021