Dissecting the DAO: Web3 Ownership is Surprisingly Concentrated

Across several major DAOs, less than 1% of all holders have 90% of voting power. several major DAOs, less than 1% of all holders have 90% of voting power.

Per these ten DAOs proposal requirements, we find that:- A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal.- A user must hold between 1% and 4% to pass it.

Only 17.9% of DAO treasury funds came from centralized services, while the remaining 82.1% originated at decentralized services. This suggests that most DAO contributors also engage with DeFi platforms and likely self-host their cryptocurrency.