CryptoDiffer analysts have released a report on Decentralized Autonomous Organizations (DAOs) in the Web3 space. They noted that there are currently 19,863 such entities with a total asset value of $35.1 billion. Out of this sum, $30.4 billion represents liquid assets, and an additional $4.7 billion is in a vested state. Over the past month, the total funds in the DAO sector have increased by $8.8 billion, equivalent to a growth of 25.1%.
Among the most popular stablecoins in treasury portfolios, one can highlight USDT, USDC, and DAI. Analysts also presented a list of organizations with the most significant permanent participants, including Stargate Finance, Magic Square, Arbitrum, PancakeSwap, Decentraland, and StakeDAO. Furthermore, experts compiled a table highlighting the largest treasuries in the sector.
Optimism (OP) leads with assets totaling $8.3 billion, followed by Arbitrum (ARB) with $7.9 billion. Mantle (MNT) takes the third spot with $3.1 billion. The top 5 also includes Uniswap (UNI) and Gnosis Chain (GNO) with assets of $2.7 billion and $1.6 billion, respectively. Ethereum (ETH) is only in the seventh position with $812 million.
DAO (Decentralized Autonomous Organization) is an organization built on blockchain technology. It typically operates autonomously, without centralized control. DAOs represent a collective community of participants who make decisions based on predefined rules and protocols recorded in smart contracts.
DAO mechanisms are actively used in the cryptocurrency ecosystem and among blockchain startups. They find wide applications in fund management, the creation and development of new protocols, organizing votes, and resource management. A distinctive feature of DAOs is the ability to evolve and function without the need to trust all decisions to centralized authorities.
