Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January – Defi Bitcoin News

Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance has shed billions, treasuries held by decentralized autonomous organizations have increased by 7.69% in value since January, as roughly $700 million was added to the projects’ caches in eight months.

DAO Treasuries Jump 7.6% Higher in USD Value, Since 2016 the Value Held by Decentralized Autonomous Organizations Grew by 6,025% On June 10, 2022, the total amount of funds held by decentralized autonomous organization treasuries reached the $10 billion range for the first time in history. While the crypto industry is dealing with lower prices and bearish sentiment, the value held by DAO treasuries has managed to weather the storm.which is only $200 million less than the aggregate value held by DAOs 112 days ago.

this year was without a doubt the year of DAOs, and of course BitDAO that's holding the largest DAO treasury and is fueling the growth of DAOs to build a community owned decentralized economy

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