The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward and the number of votes cast have all seen astounding 8-times growth over the past 12 months.
Data compiled by Snapshot Labs and shared by Electric Capital Engineer Emre Caliskan in a Thursday tweet highlighted that DAO numbers have increased by 8.8 times, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5 times, and the number of total votes has increased by 8.3 times over the past 12 months, from 448,000 to 3.7 million.