New DAOs Double Says DeepDAO Data

Despite the ongoing crypto winter chill, global interest in decentralized autonomous organizations (DAOs) remains resilient.

Demand for DAOs is not waning in the global crypto market.New data from a data analytics company DeepDAO Suggest.

The company’s data show a significant disconnect between the devaluation of cryptocurrencies and the creation of new DAOs.

Therefore, from May to October this year, over 2,850 DAOs have initiated governance activities. This number is more than double his number in 2021.

Number of new DAOs from June 2021 to October 2022

As you can see in the graph above, there were more DAOs launched per month this year than in 2021.

The exceptions were November and December 2021, when 1,185 and 903 new DAOs were launched, respectively.

Researchers believe that bull market peaks are the catalyst for these numbers.

Number of new DAOs from 2018 to 2022 DeepDAO DAO
Number of new DAOs from 2018 to 2022

The company’s analysis characterizes DAO as “new” based on when the first proposal was made.

“The initial proposal seems to be the best indicator of when a group will become a DAO, but a more detailed approach is needed,” the data analytics firm tweeted.

biggest player

In summary, unlike traditional corporations where decisions are made by management, DAOs distribute power among shareholders. Similarly, the profits of the organization are divided pro rata among the members.

DAO decentralizes decision-making by releasing on-chain governance tokens. Using these, each member votes directly on issues through rules specified in the blockchain programming code. Off-chain is when this process takes place outside the platform.

Regarding governance and DAO voting, the data shows that: snap shot laboratory Currently responsible for the largest number of new DAOs for off-chain voting.

Notable names for on-chain voting areas include: compound finance, Aragon, Solana When substrate.

and A wider DAO markethas over 10,000 decentralized organizations with a total fund of $8.8 billion.

Uniswap currently leads the industry with approximately $2.3 billion of self-funding. BitDAO When ENS The financial size is $1.7 billion and $995 million respectively.

However, in terms of the number of token holders, Polka dot With around 1.1 million holders, it appears to be more decentralized. Uniswap places him third in this metric, with over 330,000 token holders.

A glimpse into the future?

Eyal aisco witchFounder and CEO of DeepDAO believes these numbers show that DAO has a strong product market fit for cryptocurrencies alongside DeFi and NFTs.

“The fact that more and more groups of people are choosing to become, or at least considering becoming, a DAO is a reflection of the world at large,” he explains.

“In an increasingly connected world, people recognize the importance of working together and using technology infrastructure to do so,” continues Eitcowich. “We still have a lot of room to grow.”

over 600 million Facebook Used by groups and over 60 million businesses LinkedIn, Eithcowich explains that if only a few of these become DAOs: The growth rates found in the current ecosystem may suggest that this actually happens. “

Leave a Reply

Your email address will not be published. Required fields are marked *