Decentralized autonomous organizations, or DAOs, have been closely hit by October’s decentralized finance downtrend, with the whole worth of belongings managed by DAOs crashing by 40% from 30 days in the past.
Based on knowledge from DeepDAO, the mixed belongings beneath administration controlled by DAOs was greater than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen greater than 50% to tag $140 million.
As of this writing, DAOs presently handle $172.7 million in belongings, with the whole having elevated by20% alongside the partial restoration posted by many prime DeFi tokens over the previous week.
Regardless of DAO treasuries shrinking throughout October, sector-wide membership elevated by 1,100 (round 10%), with 11 DAOs now boasting greater than 100 members every.
Nevertheless, a DAO’s whole membership shouldn’t be essentially a great indicator of how strong a company’s governance could also be.
Bancor is presently the largest DAO, with 4,156 members. Nevertheless, the group is but to vote on any proposal. Equally, pNetwork is the third-largest, with 1,243, regardless of conducting zero votes to this point.
PieDAO is the second-largest DAO by members, with 2,145, regardless of solely six voters taking part in its sole governance proposal. PieDAO can be the biggest DAO by fiat worth, controlling greater than $51 million value of belongings.
Against this, dxDAO shows well-rounded energy, rating fourth by fiat worth and membership, along with internet hosting the third-largest variety of governance proposals and the second-most voters of 87 decentralized organizations.