🏛 DAO activity, surfaced @DeepDAO_io adds governance visibility to address pages, from proposal history to voting power

Are top delegates the new financial elite?🪙 Following up on our post from last week about delegates as the top DAO influencers, here is a deeper look at some of the data. We queried our database for the top delegates in the entire ecosystem, sorted by total delegators, and looked at the interconnections between them, their delegator numbers, and their DAOs. A fascinating picture is emerging 🧵

According to @DeepDAO_io, @Mantle_Official is currently the largest DAO by treasury size, holding $2.4 billion in assets as of April 2025 💰 Decentralized governance continues to scale across the Web3 ecosystem📈

The table shows tokens held by DAO treasuries. $ETH remains the most widely held asset across DAOs: 376 treasuries hold it, maybe because it anchors everything. $USDC follows close, the stablecoin of choice for operational liquidity, held by 276 orgs. $POL and $SAFE are quietly becoming staples of infrastructure-heavy DAOs, while $OP, $UNI, and $ARB stack billions in value but live in far fewer hands. $GRT, $AAVE, and $ENS round out the list.