DAO treasure holdings top $25 billion for the first time: DeepDAO

by Arthur · March 30, 2023

DAO treasure holdings top billion for the first time: DeepDAO

Decentralized autonomous organization (DAO) treasury is growing rapidly after passing a major milestone, according to DeepDAO.

According to figures from the DAO data platform, total assets for all decentralized autonomous organizations reached a record $25.1 billion on March 31.

Treasury is the total sum of assets the DAO can use at its discretion. It excludes DAO-managed but unowned assets such as stake accounts and reward fees.

Around $22 billion of this sum is liquid with around $3.5 billion set aside for earnings, according to DeepDAO.

Remarkably, assets in DAO treasury holdings have more than doubled since the start of 2023, which is no small feat for a bear market.

Total DAO’s own assets. Source: deepdao.io

Furthermore, the $25.1 billion figure represents around 40% of the total value locked for all of DeFi as reported by DeFiLlama. This is currently $61.7 billion after a 39% increase since the beginning of this year.

DeepDAO is a discovery and analysis engine for the DAO ecosystem that displays and analyzes financial and governance data for the rapidly growing sector. DeepDAO reports that there are 12,108 DAOs, of which 2,353 are analyzed by the platform.

Related: The DAO gains legal recognition in the United States when the Utah DAO Act is passed

A DeepDAO representative told Cointelegraph that the big movers are tier 2 DAOs, with infrastructure now the leading category overtaking DeFi.

“Until recently Uniswap and BitDao were the biggest at over $2 billion each, now with the addition of Optimism, Arbitrum, Polygon we have a whole pack of really big DAOs,” said DeepDAO’s Daniel Bar.

Optimism Collective is the leader in own funds with $5.5 billion giving it a 22% market share. Optimism is the second most popular Ethereum layer-2 solution provider after Arbitrum One, according to L2beat.

However, Arbitrum has a slightly lower DAO coffers with $4.4 billion giving it a 17.5% share.

The remaining DAOs that make up the top five include BitDAO, Uniswap, and Polygon with coffers of $2.6 billion, $2.5 billion, and $1.5 billion, respectively.

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

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