DAOs Are Cashing In: A Record $25.1 Billion Treasury Milestone

Breaking Down DAO Treasuries

The world of decentralized autonomous organizations (DAOs) has just crossed a remarkable threshold with total treasury assets hitting an astounding $25.1 billion. This encompasses all assets that DAOs can use at their leisure—although, not all playthings are included, such as staking accounts and reward fees.

What’s in the Treasure Chest?

Among this hefty sum, around $22 billion is liquid, while about $3.5 billion remains earmarked for vesting. Most impressive is the fact that these treasuries have managed to more than double their assets just since the start of this year—a pretty commendable feat considering the bear market’s frostiness!

Double the Dollars: A 1000X Growth

Remember when the total assets of DAO treasuries were merely $23 million? Neither do we! Eyal Eithcowich, founder of DeepDAO, reminisces about the journey to this astounding figure—truly the kind of growth that turns heads (and perhaps leads to a few raised eyebrows). To put it in perspective, that’s growth at a scale of 1000 times!

Who’s Calling the Shots?

It’s clear that layer 2 DAOs are the big movers and shakers here. The infrastructure category now outpaces the once-dominant DeFi. Moreover, DeepDAO’s Daniel Bar notes that while previously only Uniswap and BitDAO boasted treasuries over $2 billion, new players are stepping up to the plate. Recent additions like Arbitrum, Optimism, and Polygon have catapulted the total treasury count beyond that coveted $25 billion mark—which is basically the equivalent of hoarding gold in the digital age.

Top Contenders in the Treasury Game

As it stands, the Optimism Collective is leading the charge with a staggering $5.5 billion in treasury funds, accounting for 22% of the market share. Arbitrum follows closely with a respectable $4.4 billion (17.5% market share). Other top contenders include BitDAO, Uniswap, and Polygon, wielding funds of $2.6 billion, $2.5 billion, and $1.5 billion, respectively.

Decision-Making in DAOs

Lastly, the most active DAO in the past week has been PancakeSwap, making 66 decisions. In total, the DAOs analyzed made 3,300 decisions over the last month—a slight decline from February, which saw a busier 3,700 decisions. It seems even the DAOs have their ups and downs!