Decentralized autonomous organizations (DAOs) have been closely hit by October’s decentralized finance (DeFi) downtrend, with the whole worth of be
Decentralized autonomous organizations (DAOs) have been closely hit by October’s decentralized finance (DeFi) downtrend, with the whole worth of belongings managed by DAO’s crashing by 40% from 30 days in the past.
Based on knowledge from DeepDAO, the mixed belongings below administration (AUM) managed by DAOs was greater than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen greater than 50% to tag $140 million.
As of this writing, DAOs at the moment handle $172.7 million in belongings, with the whole having elevated 20% alongside the partial restoration posted by many high DeFi tokens over the previous week.
Regardless of DAO treasuries shrinking throughout October, sector-wide membership elevated by 1,100 (round 10%) — with 11 DAOs now boasting greater than 100 members every.
Nonetheless, a DAO’s complete membership is just not essentially a great indicator of how sturdy a company’s governance could also be.
Bancor is at the moment the most important DAO with 4,156 members, nevertheless, the group is but to vote on any proposal. Equally, pNetwork is the third-largest with 1,243 regardless of conducting zero votes thus far.
PieDAO is the second-largest DAO by members with 2,145 regardless of solely six voters taking part in its sole governance proposal. PieDAO can also be the most important DAO by fiat worth, controlling greater than $51 million price of belongings.
Against this, dxDAO seems to indicate well-rounded energy, rating fourth by fiat worth and membership, along with internet hosting the third-largest variety of governance proposals and the second-most voters of 87 decentralized organizations.