Number of DAOs increases 8x along with spike in votes and proposals
Brian Newar hace 2 minutos Number of DAOs increases 8x along with spike in votes and proposals The total number of DAOs has increased dramatically over the past 12 months along with their participation rates, but it may not mean decentralized governance is catching on. Noticias The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward and the number of votes cast have all seen astounding 8-times growth over the past 12 months. Data compiled by Snapshot Labs and shared by Electric Capital Engineer Emre Caliskan in a Thursday tweet highlighted that DAO numbers have increased by 8.8 times, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5 times, and the number of total votes has increased by 8.3 times over the past 12 months, from 448,000 to 3.7 million. Snapshot is a decentralized governance participation portal where DAO members can propose new initiatives and vote on them. The data was compiled in collaboration with Electric Capital, a Web3 investment firm. While the findings look promising for decentralized governance models, the increase in participation was driven by just a small handful of the most active DAOs. New proposals mostly came from just 10% of