DAO treasuries still down 40% after October's DeFi downtrend

The recent DeFi downturn has impacted the treasuries of decentralized autonomous organizations by 40% in a month.

Decentralized autonomous organizations were heavily hit by October's decentralized finance 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 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 million in assets, with the total having increased 20% alongside the partial recovery posted by many top DeFi tokens over the past week.

Despite DAO treasuries shrinking during October, sector-wide membership increased by 1,100 - with 11 DAOs now boasting more than 100 members each.

A DAO's total membership is not necessarily a good indicator of how robust an organization's governance may be.

Bancor is currently the largest DAO with 4,156 members the organization is yet to vote on any proposal.

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.