Phoenix Group, a popular crypto analytics firm, disclosed the list of prominent DAO projects in terms of social activity on August 22. Among the mentioned projects are well-known players such as $AAVE, $UNI, $APE, $MKR, and $LDO.
Leaders in Engagement
$TAO leads the DAO market in terms of social media activity. According to Phoenix Group, the project recorded 7.1K engaged posts and 933.1K interactions. Following $TAO, $ICP took the second place with 7.1K engaged posts and 788.4K interactions.
Additional Projects
The 3rd position belongs to $ARB with 5.9K engaged posts and 558.8K interactions. $RARE took the 4th place with 4.9K engaged posts and 830.1K interactions. $UNI holds the 5th position with 4.3K engaged posts and 597.8K interactions. The list continues with $AAVE recording 4.1K engaged posts and 1.3M interactions. $CRV saw 4.0K engaged posts and 886.7K interactions. $APE registered 3.8K engaged posts and 245.9K interactions. The final two projects are LDO and MKR, both with 2.9K engaged posts, while their interactions reached 183.8K and 280.8K respectively.
Analysts' Opinions
Experts believe that social media activity is a crucial indicator of the viability and popularity of DAO projects. A high level of engagement points to significant community interest and participation.
The overall interest in DAO projects continues to grow, as evidenced by the high level of social media activity. Phoenix Group analysts will continue to monitor the development of these projects and update their social activity information.
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