Decentralized autonomous organizations (DAOs) have been closely hit by October’s decentralized finance (DeFi) downtrend, with the entire worth of belongings managed by DAO’s crashing by 40% from 30 days in the past.

In response to knowledge from DeepDAO, the mixed belongings below administration (AUM) managed by DAOs was greater than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen greater than 50% to tag $140 million.

As of this writing, DAOs presently handle $172.7 million in belongings, with the entire having elevated 20% alongside the partial restoration posted by many prime DeFi tokens over the previous week.

Regardless of DAO treasuries shrinking throughout October, sector-wide membership elevated by 1,100 (round 10%) — with 11 DAOs now boasting greater than 100 members every.

Nevertheless, a DAO’s complete membership shouldn’t be essentially an excellent indicator of how sturdy a corporation’s governance could also be.

Bancor is presently the biggest DAO with 4,156 members, nevertheless, the group is but to vote on any proposal. Equally, pNetwork is the third-largest with 1,243 regardless of conducting zero votes to this point.

PieDAO is the second-largest DAO by members with 2,145 regardless of solely six voters taking part in its sole governance proposal. PieDAO can be the biggest DAO by fiat worth, controlling greater than $51 million value of belongings.

In contrast, dxDAO seems to indicate well-rounded power, rating fourth by fiat worth and membership, along with internet hosting the third-largest variety of governance proposals and the second-most voters of 87 decentralized organizations.