Eyal Eithcowich, CEO of DeepDAO, a firm that provides information and analysis on decentralized autonomous organizations (DAOs), has just reported the growth of active DAOs is accelerating. While last year there were only 10, its number has now increased to 76, Cointelegraph has reported.
According to data provided by DeepDAO, which has just launched a new interface that allows users to analyze the status and wealth of DAOs, a high amount of assets under management does not necessarily reflect the health and good governance of a DAO in particular.
Let's take the example of mStable. In spite of being the best ranked project in terms of assets under management and capital flows, it is in a poor position in terms of number of members and proposals, with only nine members voting on 29 proposals in total.
In contrast, DxDAO ranks second for proposals with 268, and third for members with 428, in spite of having less than 10% of mStable’s assets under management.
It looks like the recent surge in the emergence of DAOs is closely related to the decentralized finance sector (DeFi), as DAOs are a critical component of the crypto ecosystem as a large number of projects want to distribute governance voting rights among their users.
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