- Sky spends $ 238 million annually, but the growth impact is unclear.
- The volume of Uniswap has stalled since 2021, despite mass expenditure.
While Daos such as Sky and Aave like [AAVE] pound Hundreds of millions annually, uniswap [UNI] Has stagnated its trade volume since 2021.
The contrast is striking: even while DAO budgets rise and publish across the board, growth remains elusive for some of the biggest names of the room.
It seems that only capital will not reduce it if you do not build where the question is.
Big spenders, different priorities
Source: X
The efficiency test
Is Sky’s annual expenditure of $ 238 million-year-old $ 20 million per monthly translations in defensible TVL, active users or long-term Dominance protocol?
Aave, although much slimmer, still admits tens of millions to marketing, security and activities, despite the fact that he has already protected $ 40 billion in deposits. The majority of his budget is aimed at growth, but the ROI remains unclear.
It is no longer about expenses to grow, but spend to prove ROI. Efficiency, not in the treasury size, may be on the rise as the determining metric of sustainable DAO success.