Decentralized autonomous organizations, or DAOs, were heavily hit by October’s decentralized finance downtrend, with the total value of assets managed by DAOs crashing by 40% from 30 days ago.
According to data from DeepDAO, the combined assets under management controlled by DAOs was more than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen more than 50% to tag $140 million.