Charles Hoskinson Says Cardano Now Hosts the World’s Largest DAO

Charles Hoskinson just stirred up fresh talk about crypto governance, claiming Cardano now hosts the biggest DAO (Decentralized Autonomous Organization) in the crypto space. On a recent live broadcast, he highlighted how ADA holders get to vote on network choices and help decide where treasury funds go.

Hoskinson says Cardano now runs the biggest DAO in crypto, at least when you look at how many people actually vote. According to devs, the treasury holds about 1.65 billion ADA (around $429 million), and the community gets to vote on how it’s spent.

The treasury keeps growing thanks to a cut of transaction fees and block rewards, basically a long-term fund to keep building and innovating in the ecosystem.

Hoskinson’s claim ties back to Cardano entering its final development phase, the Voltaire governance era. Under this setup, ADA holders can put forward governance ideas, the community votes on upgrades and spending proposals, and treasury funds get directed to new projects by vote.