DeepDAO, a data analytics and aggregator platform for DAO, has added support for 15 Solana DAOs.
In a recent press release shared with Altcoin Buzz, DeepDAO confirmed the announcement. Also adding that this is its first-ever listing of Solana-based DAOs. Interestingly, 2 of the 15 recently listed DAOs are now ranked among the top five DAOs on DeepDAO. The ranking, according to reports, is based on the treasury size.
Also, the two top DAO by treasury size includes: Mango with a treasury size of $650 million (ranked at number three) and UXD Protocol with $561 million (ranked number four). In total, the 15 Solana DAOs listed resulted in a treasury size of $1.3 billion. Therefore, bringing the ecosystem to a treasury size of $9.1 billion.
The @solana's DAO framework provides governance, treasury, and discussions fully on-chain.
2 of the new DAOs enter into our top 5: @mangomarkets at #3 and @UXDProtocol at #4 pic.twitter.com/aO58losPXj
— DeepDAO.io (@DeepDAO_io) March 15, 2022
The listing of Solana DAOs on DeepDAO is a clear indicator of the growth taking place in the DAO ecosystem. DAOs are moving from being just a one-chain occurrence. Instead, we are seeing a lot of multiple chains, off-chain, governance, etc. Use cases for DAOs have also skyrocketed, especially in DeFi, blockchain gaming, NFTs, VC funds, etc.
Speaking on the announcement, DeepDAO CEO Eyal Eithcowich disclosed that the entire DeepDAO team was excited to be listing Solana DAOs. Adding that the DeepDAO ecosystem was “[…] privileged to be at the center of the great DAO and governance movement.”
Top Solana DAOs on DeepDAO
Some of the top Solana DAOs recently listed on DeepDAO include MangoDAO, Socean, UXD Protocol, Metaplex, SerumDAO, etc.
- Mango DAO – serves as a governance mechanism for Mango Market Protocol. Notably, Mango Protocol is a Solana-based lending, borrowing, and leverage trading platform. It also makes use of the Serum decentralized exchange (DEX). Following the listing on DeepDAO, Mango DAO is now the third-highest by treasury size.
Treasury = $636.7M (#3)
— DeepDAO.io (@DeepDAO_io) March 16, 2022
- UXD Protocol – is also built on the Solana blockchain network. UXD exists as a non-custodial stablecoin protocol built using perpetual futures. The platform mints its UXP native token 1:1 to the USD.
- Serum DAO – is an on-chain order book for DeFi and liquidity on the Solana blockchain. Serum DAO also boasts of its personalized DEX as well as its own automatic deal-matching engine. The native governance token of Serum DAO is the $SRM token.
- Metaplex – is specially designed for developers to launch NFT projects like dApps, gaming assets, etc.
In conclusion, Sebastian Bor of Solana Labs also disclosed that “[…] It’s amazing to see so many successful DAOs using SPLGovernance.” Furthermore, adding that he was “[…] looking forward to seeing additional Solana DAOs listed on DeepDAO in the future.”
At the time of writing, SOL was trading at $87.38, with a market cap of $27,949,048,972 and a 24-hour trading volume of $1,775,165,074. The token price is also up by 4.9% in the last 24 hours.
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