Decentralized autonomous institutions ((DAOs) were hit hard by the downward trend in decentralized finance (DeFi) in October, and the total value of DAOs managed assets plummeted 40% compared to 30 days ago.
According to data from DeepDAO Combined Assets Under Management (AUM) controlled by DAOs was over $ 290 million in early October. In the second week of November, DAO AUM was down more than 50% until reaching $ 140 million.
At the time of this writing DAOs currently manage $ 172.7 million in assets, with the total increasing by 20% along with the partial recovery that many of the top DeFi tokens announced over the past week.
Despite the fact that DAO Treasuries were reduced in October, The membership of the sector increased by 1,100 (around 10%) and with 11 DAOs they now have more than 100 members each.
But still, The total number of members of a DAO is not necessarily a good indicator of how robust an organization’s governance can be.
Bancor is currently the largest DAO with 4,156 membersHowever, the organization has not yet voted on a proposal. In the same way, pNetwork is the third largest with 1,243 although no vote has yet taken place.
PieDAO is the second largest DAO of its members with 2,145 members, despite the fact that only six voters take part in his only government proposal. PieDAO is also the largest DAO in terms of trust value. Controls over $ 51 million in assets.
Instead, dxDAO appears to be showing balanced strength and ranks fourth in terms of fiat value and membershipNext to the third highest number of governance proposals and the second highest number of voters from 87 decentralized organizations.
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