According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144% to the current value of $21.5 billion.
Decentralized Autonomous Organizations Witness Explosive Growth in 3 Months
Following the failure of the first decentralized autonomous organization (DAO) in 2016, the concept of DAOs experienced substantial growth. As of May 19, 2023, deepdao.io, a web portal dedicated to the analysis and information surrounding these organizations, has documented approximately 12,763 DAOs. In October 2022, Bitcoin.com News reported on the financial assets held by DAO treasuries, which amounted to a total value of $9.8 billion. Notably, the largest treasury belonged to Uniswap, boasting a stash of $2.8 billion.
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