Decentralized autonomous organizations (DAOs) have reached a new milestone with their treasuries experiencing rapid growth, according to data from the DAO platform, DeepDAO. 

On March 31, the total assets in DAO treasuries hit $25.1 billion, with $22 billion of this in liquid form and $3.5 billion reserved for vesting. Despite the bear market, DAO treasuries have more than doubled since the beginning of 2023. 

This figure represents 40% of the total value locked in DeFi, which has risen by 39% to $61.7 billion since the start of the year, as per DeFiLlama. DeepDAO, which analyzes 2,353 out of 12,108 existing DAOs, reports that layer 2 DAOs are the main drivers of growth, with infrastructure overtaking DeFi as the leading category. PancakeSwap had been the most active DAO in the world in the last 7 days with a total of 66 decisions taken. 

Daniel Bar, a representative of DeepDAO, notes that until recently, Uniswap and BitDao were the largest DAOs with over $2 billion each. However, the addition of Optimism, Arbitrum, and Polygon has resulted in a variety of significant DAOs. The Optimism Collective, with $5.5 billion, leads the DAO treasury funds, representing 22% of the market share. 

It is also the second most favored Ethereum layer-2 solutions provider after Arbitrum One, according to L2beat. On the other hand, Arbitrum's DAO treasury has a slightly lower value of $4.4 billion, representing a market share of 17.5%. The remaining top five DAOs are BitDAO, Uniswap, and Polygon with treasuries of $2.6 billion, $2.5 billion, and $1.5 billion, respectively.

Overall, the data from DeepDAO points to a thriving DAO ecosystem, with layer 2 DAOs driving growth and the infrastructure category taking over from DeFi as the leading category. Despite market fluctuations, DAO treasuries are experiencing rapid growth, with Optimism Collective and Arbitrum leading the way in terms of value. The DAO landscape is continuously evolving, and it will be exciting to see how it develops in the coming months and years.

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