Number of DAOs increases 8X along with spike in votes and proposals

cointelegraph.com:

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 8X growth over the past 12 months.

Data compiled by Snapshot Labs, shared by Electric Capital Engineer Emre Caliskan in a June 9 tweet, highlighted that DAO numbers have increased by 8.8X, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5X, and the number of total votes have increased by 8.3X over the past 12 months, from 448,000 to 3.7 million.

1/ DAO governance activity is exploding . In the last year, we have seen:• 8.8x in # of DAOs• 8.5x in # of proposals• 8.3x in # of votes Here are 10+ key insights from @SnapshotLabs data on DAO governance pic.twitter.com/45KAOeER5y

Snapshot is a decentralized governance participation portal where DAO members can propose new initiatives and vote on them, the data was compiled in collaboration with Electric Capital, a Web3 investment firm

While the findings look promising for decentralized governance models, the increase in participation was driven by just a small handful of the most active DAOs. New proposals mostly came from just 10% of DAOs, while 60% of DAOs havhad three or fewer proposals since their inception.

Nevertheless, the overall growth is an impressive show of confidence in the DAO structure.

Rival DAO tracking tool DeepDAO has slightly different figures and shows there are only 4,833 DAOS as of June 10.

Related: ApeCoin DAO officially favors remaining within Ethereum ecosystem

Caliskan attributed the increase in new proposals to the popularity and wide coverage of Constitution DAO. It was an organization set up last November with the intent of buying an original copy of the US