The value of DAO treasuries fell to 14.6 billion USD, down from 42.5 billion USD, largely due to a 3.5 billion USD drop in just one week. Mantle DAO, with the largest treasury at 2.3 billion USD, has seen an 11.4% decline.
The decrease in treasury values coincides with a sharp drop in user engagement, as reflected by the declining number of votes cast within DAOs, falling from 1,500 decisions in January to only 748 in March.
While most DAO tokens are losing value, Mantra (OM) stands out with strong gains, reflecting a unique trend amid the general downturn in DAO assets. Legacy DAOs are increasingly struggling due to market saturation.
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