According to DeepDAO, decentralized autonomous organization (DAO) treasuries are rapidly growing and have recently passed a major milestone. According to the DAO data platform, total assets for all decentralized autonomous organizations reached a record $25.1 billion on March 31.
The treasury is the total amount of assets available to the DAO at its discretion. It does not include DAO-managed but unowned assets like staking accounts and reward fees. According to DeepDAO, approximately $22 billion of that total is liquid, with approximately $3.5 billion set aside for vesting. Surprisingly, assets in DAO treasuries have more than doubled since the start of Furthermore, the figure of $25.1 billion represents roughly 40% of the total value locked for all of DeFi, according to DeFiLlama. This is currently $61.7 billion, up 39% since the beginning of the year.
DeepDAO is a DAO ecosystem discovery and analytics engine that lists and analyzes financial and governance data for the rapidly growing sector. DeepDAO reports that there are 12,108 DAOs, with the platform analyzing 2,353 of them. According to a DeepDAO representative, the big movers are layer 2 DAOs, with infrastructure now overtaking DeFi as the leading category.
“Until recently, Uniswap and BitDao were the largest DAOs with over $2 billion each; now, with the addition of Optimism, Arbitrum, and Polygon, we’ve got a whole pack of really big DAOs,” DeepDAO’s Daniel Bar explained.Â
The Optimism Collective is the market leader in treasury funds, with $5.5 billion and a 22% market share. According to L2beat, Optimism is the second most popular Ethereum layer-2 solution provider after Arbitrum One. Arbitrum, on the other hand, has a slightly lower DAO treasury of $4.4 billion, giving it a 17.5% stake.
BitDAO, Uniswap, and Polygon round out the top five, with treasuries of $2.6 billion, $2.5 billion, and $1.5 billion, respectively. DeepDAO also reports that PancakeSwap has been the most active DAO in the last week, with 66 decisions. The total number of decisions made for all DAOs analyzed over the past month was 3,300, a decrease from the 3,700 decisions made in February.
