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Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries – Technology Bitcoin News


In the course of the early years of the cryptocurrency house, decentralized autonomous organizations (DAOs) and sensible contracts had been mentioned in idea. These days many individuals take into account The DAO, launched in 2016 by members of the Slock.it growth group, to be the primary sensible contract-based DAO. In 2022, there’s much more DAOs, as statistics present that $10 billion is held by DAO treasuries.

Hundreds of DAOs, $10 Billion Held in Treasuries, 1.7 Million Governance Token Holders

Nicely earlier than the ideas had been launched, sensible contracts and decentralized autonomous organizations (DAOs) got here to the creativeness of some legendary cryptographers. Following Satoshi Nakamoto’s great invention, blockchain expertise coupled with sensible contracts opened the doorways for decentralized organizations.

Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries
The DAO, created in 2016, was thought of the primary decentralized autonomous group, however it was hacked for over $150 million in ethereum (ETH). Ethereum builders determined to revert the assault by forking the chain and the crypto asset ethereum basic (ETC) was born from that particular fork.

In 2016, Ethereum builders and members of the Slock.it group created what many refer to and cite as the primary decentralized autonomous group. After Stephan Tual, Simon Jentzsch, and Christoph Jentzsch introduced The DAO, the mission managed to boost $150 million from the tokens offered.

Nevertheless, on account of vulnerabilities in its code base, The DAO was hacked and the attacker managed to siphon thousands and thousands of {dollars} in ethereum (ETH). “This is a matter that impacts the DAO particularly; Ethereum itself is completely secure,” Vitalik Buterin said in June 2016. The DAO assault didn’t cease the creation of DAOs, as a report revealed in September 2021 by Consensys recorded “978,000 DAO members.”

“Present tasks embrace many who focus solely on token providers, governance, treasury administration, danger administration, progress, group, operations, and growth for DAOs,” the Consensys report particulars.

Tutorial Paper on DAOs Says Idea ‘Might Introduce a New Period in Organizational Economics’

Statistics from the analytical net portal deepdao.io reveals there’s $10 billion in worth held by the highest decentralized autonomous organizations at this time by way of treasury holdings. $7.1 billion is liquid and $2.9 billion is presently vested, in accordance with metrics on the time of writing.

Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries
Decentralized autonomous group information recorded on June 10, 2022, by way of deepdao.io.

Out of the highest DAOs there are 1.7 million governance token holders, and 669,000 lively voters and proposal makers. Uniswap’s DAO has the most important treasury on the time of writing, with $2.2 billion, and Gnosis is the second largest with $1.5 billion.

Uniswap additionally has the most important variety of governance token holders with 332,900 recorded at this time. When it comes to governance token holder numbers, Uniswap is adopted by Decentraland, Compound, ENS, Aave, and Synthetix. Under Uniswap’s and Gnosis’s treasury holdings are Bitdao ($1.3B), Polkadot ($441.9M), and UXD protocol ($406.9M).

Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries
The highest 5 DAOs by way of treasury dimension on June 10, 2022.

The highest three DAOs at this time, by way of treasury dimension, maintain a number of tokens whereas Polkadot’s DAO solely holds DOT. UXD protocol leverages 5 completely different cryptos within the treasury, together with the mission’s algorithmic stablecoin primarily based on the Solana blockchain. Out of Uniswap’s 332,900 governance token holders, deepdao.io statistics point out there are solely 8,400 lively members.

Metrics present Gnosis has 17,700 governance token holders however only one,500 lively members. Uniswap has 83 governance proposals, Gnosis has 43 proposals, and Bitdao presently has 10 proposals customers can vote on. Pancake Swap and Decentraland have essentially the most proposals as Pancake Swap has 3,300 and the metaverse mission Decentraland has 1,200 governance proposals on the desk.

DAOs are most positively a actuality now, however there’s a whole lot of debate on how decentralized and autonomous they are surely. Regardless of some setbacks, an academic paper on DAOs says that general, “DAOs might introduce a brand new period in organizational economics, reworking the worldwide company panorama from hierarchical organizations to democratic and distributed organizations powered by organizational entrepreneurship and improvements.”

Tags on this story
Aave, Compound, DAO, Decentraland, decentralized and autonomous, decentralized autonomous organization, Decentralized Autonomous Organizations, deepdao.io, ENS, ETC, Ethereum, Ethereum (ETH), Ethereum Classic, Gnosis, governance proposals, governance token holders, Proposals, SLOCK.IT, Statistics, Synthetix, The DAO, treasury size, uniswap

What do you consider the 1000’s of DAOs at this time and the $10 billion held by DAO treasuries? Tell us what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising at this time.




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