Decentralized autonomous organizations, or DAOs, were heavily hitting past October'south decentralized finance downtrend, with the total value of assets managed by DAOs crashing past 40% from 30 days ago.

According to information from DeepDAO, the combined assets under management controlled past DAOs was more than $290 million every bit of early October. By the 2nd week of Nov, the AUM of DAOs had fallen more than 50% to tag $140 million.

Equally of this writing, DAOs currently manage $172.7 one thousand thousand in assets, with the full having increased by20% alongside the partial recovery posted past many top DeFi tokens over the past week.

Despite DAO treasuries shrinking during October, sector-broad membership increased by 1,100 (around ten%), with 11 DAOs now boasting more than 100 members each.

Withal, a DAO's total membership is not necessarily a expert indicator of how robust an organization's governance may be.

Bancor is currently the largest DAO, with iv,156 members. However, the system is yet to vote on whatever proposal. Similarly, pNetwork is the 3rd-largest, with 1,243, despite conducting zero votes so far.

PieDAO is the second-largest DAO by members, with 2,145, despite only six voters participating in its sole governance proposal. PieDAO is also the largest DAO by fiat value, controlling more than $51 million worth of assets.

By contrast, dxDAO shows well-rounded forcefulness, ranking quaternary by fiat value and membership, in add-on to hosting the third-largest number of governance proposals and the second-virtually voters of 87 decentralized organizations.