A lot of growth in the DeFi and NFT industries has been over the past few years. This year, they have turned into tools that will build the new Internet - Web 3. With the help of Web 3, all companies and projects will become more decentralized, structured and will also be controlled by the community.
The first Decentralized Autonomous Organization was developed in 2016. As of autumn 2022, there are approximately 200 DAO projects with a native coin. The total market value of the sector has been estimated at $14.2 billion. DAO cryptocurrencies are available on all major exchanges, the daily trading volume - 1.48 billion US dollars.
The largest DAO cryptocurrency by capitalization - Uniswap (UNI). As of October, the current supply of the asset - 4.57 billion US dollars.
In the first few weeks of the month, the market value of the asset fell by 3.5 percent. The digital currency became cheaper by 5.2 percent. In general, these indicators decreased by 41.9 and 64.8 percent, respectively.
Uniswap - a major DEX cryptocurrency. At the moment, funds in the amount of 4.59 billion are blocked on the site.
The second place in terms of capitalization is occupied by the ApeCoin (APE) cryptocurrency. As of October this year, this indicator of the digital currency has dropped to $1.4 billion. The value of the coin decreased proportionally, by 17.3 percent.
ApeCoin is the governance token of the Bored Ape Yacht Club (BAYC). This digital currency is available on Binance, Coinbase, Kucoin and other sites. With a daily trading volume of $280.47 million.
In third place is Aave (AAVE). The capitalization of this asset, as of October, is $999.98 million. The cost of AAVE fell by 5.3 percent.
Aave - the digital currency of the credit platform of the same name. At the moment, 4.03 billion dollars are blocked in the pools.
The list of the best DAO coins by capitalization also includes:
- Maker (MKR) - $920.81 million;
- Synthetix (SNX) - $511.13 million.
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