DAO treasuries still down 40% after October's DeFi downtrend

DAO treasuries still down 40% after October’s DeFi downtrend

The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month

Decentralized autonomous organizations (DAOs) were heavily hit by October’s decentralized finance (DeFi) downtrend, with the total value of assets managed by DAO’s crashing by 40% from 30 days ago.

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.

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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.

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