Despite Crypto Market Downturn, DAO Bonds Grow by $700 Million Since January – Defi Bitcoin News

Since January 2022, the entire cryptocurrency economy has shed $1.36 trillion in value, dropping its market cap from $2.34 trillion to $979 billion today. While the value of the cryptocurrency economy is down, the volume of trade is lower, and the value held in decentralized finance (the challenge) has dumped billions, Treasuries held by Decentralized Autonomous Organizations (DAOs) have increased 7.69% in value since January, to nearly Of the $700 million added to the project caches in eight months.

DAO Bonds Jump 7.6% in Value of the US Dollar, Since 2016 the Value Held by Decentralized Independent Organizations has grown by 6,025%

On June 10, 2022, the total amount of funds held by DAO treasury bonds reached the $10 billion range for the first time in history. As the cryptocurrency industry deals with low prices and bearish sentiment, the value held by the DAO’s Treasuries has weathered the storm.

Currently, across 4,830 organizations, DAOs . have $9.8 billion Which is just $200 million less than the total value held by DAOs 112 days ago. While it’s $200 million less than it was three months ago, DAO’s treasury values ​​have increased by $700 million since January, according to statistics compiled by

Despite Crypto Market Decline, DAO Bonds Grow $700 Million Since January

On January 22, . metrics registered By reports that there were 4,227 organizations at the time and, in total, $9.1 billion in DAO Treasuries were held. With $9.8 billion today, this represents a 7.69% increase in the value of the US dollar held by DAO Treasuries over the last 251 days.

in time, betdao It has $2.4 billion in its treasury and was the largest DAO treasury in January. Uniswap It was the second largest company at the time, valued at $2.1 billion. Bitdao and Uniswap are still the best DAOs in terms of locker size, but Uniswap is now the largest.

Despite Crypto Market Decline, DAO Bonds Grow $700 Million Since January

On October 1, Uniswap was valued at $2.8 billion, while Bitdao’s cache shrank to $1.3 billion from $2.4 billion at the start of the year. Bitdao of $1.3 billion makes it the second largest DAO treasury, followed by ENS which owns approximately $1.2 billion.

251 days ago, ENS was 14th in terms of volume and at that time, Lido Finance was 3rd. Liquid staking protocol DAO is now the fifth largest, holding $283 million in Lido DAO today. The top ten DAO treasury bonds include UniswapBitdao, ENS, Gnosis, Lido, Olympus Daoand Mango DAO, Merit Circle, Compound, and Aragon Network.

Of the $9.8 billion total, 3.9 million are government token holders, and 698,400 are active voters and proposal makers. 109 DAOs have $1 million or more, while only three DAOs have more than a billion in funds.

While Uniswap has $2.7 billion, 98.7% of the project’s treasury funds are held uniswap (UNI) tokens, and Bitdao has a treasury that consists of a range of different crypto assets that include tokens such as BIT, ETHAnd the USDCAnd the USDT.

As the cryptocurrency economy continues to grapple with turbulent times, decentralized institutional independent treasuries have seen steady growth since the beginning of the year. Ago First DAO Created in 2016, DAO Treasuries have increased 6,025% of the value of the US dollar over the past six years.

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What do you think of the thousands of DAOs today and the $9.8 billion held by DAO Treasuries? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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