Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since...
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 (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) 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....
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During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves.
Ethereum Treasuries Have Grown
According to the bitcoin treasuries list, exchange-traded funds, countries, public companies, and private firms own 1,559,047 bitcoin (BTC) worth roughly $66....
Corporate Bitcoin treasuries have now topped 1 million BTC as more companies quietly and publicly build crypto reserves. Related Reading: Russia Looks To Open Crypto Market Wider For Citizens – Details Reports show that from September 1 to September 6, companies announced fresh allocations of nearly 9,800 BTC — roughly 1 billion at current prices […]
There’s a new worry for the crypto market. Companies that hold huge amounts of digital assets on their balance sheets are struggling, and their declining values are putting about 4% of all circulating Bitcoin at risk. While the digital asset treasuries (DATs) are feeling the squeeze, Ethereum-focused ones seem to be holding up just fine. Some of the best altcoins to buy, like Best Wallet Token ($BEST), prove why, as they offer you more bang for your buck. Why Ethereum Holds the Advantage These DATs are basically public companies that have bet big on crypto, and their health is a key driver....
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.As of this writing, DAOs currently manage $172.7....
BlackRock downgraded its ratings of the US Treasuries even as the government debt emerged as a haven during this week's stock market sell-off.