Apr 20
The numbers show that DAO is exploding and will most likely be the trend to attract fund flow
The DAO is not a novel idea. However, new DeepDAO data reveals that this type has just recently expanded.
Concerns regarding DAO have increased in the last three months.
Perhaps people are interested in finding DAO not only for the possibility of profit, but also as an experiment with a type of governance that they have secretly “wanted” for a long time.a place where they have unambiguous voting rights. In today’s centralized society, that is fundamentally important.
The notion of a DAO dates back to 2016, and the governance crisis that became known as “The DAO” entered crypto history. However, the search trend for DAOs is really high through the end of 2021 and early 2022. However, when the DAO broke out, it was at a time when the market was in decline due to macroeconomic issues.
However, there is no disputing the DAO’s life and promise in the future. Because of the overall market, this “take-off” might be detrimental. However, the DAO’s objective would be to recruit and keep more participants. The DAO’s key component is community. If the community survives, the DAO will continue to exist and develop.
In 2021, the entire value of the DAO treasury rose by 40 times.
Despite the market fall, the overall treasury value (total treasury in USD) has climbed 40 times in the last year. Despite the fact that several projects’ token prices have tripled, the total value of the DAO treasury remains the same.
There are currently over 4,000 DAOs on the market, with over 1.6 million holders participating in these DAOs. To keep up with the trend, several projects have transformed themselves into DAOs.
When the overall value of DAO treasuries reached $16 billion in December 2021, a 40-fold gain from the year’s low. This value is now 8.43 billion USD. Even if it has virtually been cut in half, it is still a huge gain over the beginning of 2021.
Although the overall asset value has declined over the last month, the number of holders (who engage in the DAO and own tokens) and active voters/proposal makers (who propose and vote) has increased. Having said that, the DAO’s core is community. The price of tokens may fall in certain situations, but the community will be able to stay alive and grow, which will allow the DAO to live and thrive.
The above figures have increased significantly, but in comparison to the market value of more than a trillion dollars, they remain fairly tiny.
If the downtrend breaks and Bitcoin rises again, it will be a major resonance stimulant for the DAO communities to continue and the asset value to break out even more. On the other hand, the more holders who join the more DAOs, the less selling force there will be and the market’s decline will be limited.
BitDAO and Uniswap remain at the top.
BitDAO is the greatest in terms of total treasury value. However, in terms of community size, there is presently no project that can compete with Uniswap. Uniswap is significantly ahead of all other initiatives, with over 300,000 holders. According to the predictions, Uniswap will be the most popular way to hold the treasury. It will also be the most valuable.
MakerDAO is an ancient name, yet it is not in the top ten (but in 11). Meanwhile, many new projects are transforming into DAOs, increasing their value (like ENJ).
Some communities with a low treasury value, such as a large number of holders, may have enormous potential. For example,
The names in the TOP above are also key elements for investors to consider while holding a long-term token. You might not have seen an increase in the price of tokens. But as the community grows and trust grows, that will be the foundation for higher prices.
Kusama, Decentraland, and Compound are all extremely promising names. In the present environment, dropping token prices may benefit latecomers.
Many new communities with a high number of members have recently emerged in the Vietnamese investor community, and they are also seeking to construct a DAO. What are your thoughts on the future of the DAO trend?
#glodao #defi #dao #blockchain
✍️ Join our community, and help GloDao reach the final destination!
