Less than 1% of all holders have of the voting power in DAOs

2022.06.28 19:00

Less than 1% of all holders have of the voting power in DAOs

Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance.

DAOs are organizations without a centralized hierarchy and were intended to work in a bottom-up manner so that the community collectively owns and contributes to the decision-making process. However, recent research data suggests that these DAOs are not as decentralized as they were intended to be.

Less than 1% of all holders have of the voting power in DAOs