The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month
According to data from DeepDAO, the combined assets under management (AUM) controlled by DAOs was more than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen more than 50% to tag $140 million.
As of this writing, DAOs currently manage $172.7 million in assets, with the total having increased 20% alongside the partial recovery posted by many top DeFi tokens over the past week.
Despite DAO treasuries shrinking during October, sector-wide membership increased by 1,100 (around 10%) — with 11 DAOs now boasting more than 100 members each.
However, a DAO’s total membership is not necessarily a good indicator of how robust an organization’s governance may be.