DAOs Growing Rapidly - Presently Holds Over $6 Bln Worth Assets In 3 Months.
2021-08-03 | Robin Williams
The 20 leading DAOs [Decentralized Autonomous Organizations] hold $6 Bln worth of digital assets,
consistent with the newest DeFi report from ConsenSys.
The biggest DAOs embody DeFi [Decentralized Finance] projects
like Compound, Uniswap, Bankless, and public-funding entities
like Gitcoin.
The ConsenSys DeFi report
highlights that DAOs have flourished
within the 2nd quarter and now represent
a new sort of coordination when it
involves handling financial decisions for fundraising or deploying capital.
DEXs [Decentralized exchanges] are tackling
the difficulty of
having the ability to access crypto assets from anywhere
within the world as long as users have
an online connection and
a lively wallet like MetaMask,
an entirely owned product of ConsenSys. The wallet reached 7.3 Mln users
within the 3 months through June.
MetaMask permits users to access the Ethereum blockchain and functions
very similar to a Bitcoin [
BTC] wallet while allowing users to
check in to decentralized apps and use them through
a web browser.
“What makes DeFi so alluring is that anyone with
an idea can coordinate, pool funds, and even create tokens that represent your share within the organization,” the report outlined. As of
this month, 2021,
there was a total of 161 unique Ethereum addresses,
a tenth percent hike from
the primary quarter, when
the speed of growth was 12%, consistent with the report.
Median gas prices on Ethereum fluctuated between 100 gwei to 300 gwei between 1
st April and 1
st June. Since June, the median fee has hovered around 30 gwei, or $1.33, for
an easy transfer and $12.65 USD for a Uniswap trade.
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