While other aspects of the industry dominated the headlines, DAO treasuries had a massive year. They grew 40x in 2021, going from $380 million in January to a peak of roughly $16 billion in mid-September.
As of mid-December, the total AUM has decreased by 28.1% since the high water mark to sit at $11.5 billion, dropping a hefty $3.6 billion over the past 30 days alone.
User participation in DAOs has surged as well throughout 2021, with the total DAO members and token hodlers tallying in at around 1.3 million in December, marking a 130x increase since the start of the year. Uniswap, the general-purpose BitDAO, and decentralized finance staking platform Lido Finance as the top three in terms of total treasury value at $2.9 billion, $2.4 billion and $602 million, respectively.
The Uniswap DAO has roughly 275,000 members that can vote on the project’s roadmap and maintain governance over the DEX. Uniswap has been thethroughout 2021, pulling in more trading volume than all of the other DEXs combined, according to Dune Analytics data. The Lido DAO governs its platform, and users are granted governance rights via the Ethereum-based LDO token. Lido Finance has alsoin 2021, with the platform’s total value locked increasing from $12.5 million at the start of January to a whopping $11.68 billion in late December. According to data from DeFiLlama, Lido Finance currently sits as the sixth-highest ranked DeFi platform in terms of TVL.
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