• Internet Computer leads DAO initiatives with the most communal task and strong community involvement.
  • Bittensor ranks second in the DAO industry with high communal engagement and growing attention.
  • ApeCoin secures third place by maintaining steady social activity and influence in the DAO space.

The Decentralised Autonomous Organisation (DAO) industry has seen a powerful rise in social engagement, and the Internet Computer (ICP) has shown up as the leader. Phoenix, a crypto analytics firm, reported that $ICP has outperformed other DAO initiatives in social activity. The system shared this data on its official X account to point out the top DAO initiatives driving community participation.

TOP #DAO PROJECTS BY SOCIAL ACTIVITY $ICP $TAO $APE $ARB $RARE $AAVE $UNI $ENS $CRV $LDO pic.twitter.com/xdkJwjoBLD

— PHOENIX – Crypto News Analytics (@pnxgrp) September 11, 2024

Internet Computer ($ICP) Dominates DAO Social Activity

Internet Computer ($ICP) is at the forefront with 6.6K involved posts and 1.0 million interactions. This strong community involvement places $ICP ahead of other initiatives, showing growing interest in its independent model.

Bittensor ($TAO) follows closely in second place with 6.3K occupied posts and 1.1 million interactions. This strong performance shows Bittensor’s important role in the DAO field and its ability to attract significant attention.

ApeCoin ($APE) ranks third with 5.8K engaged posts and 1.2 million interactions. The consistent activity of ApeCoin signals its strong presence in the DAO scenery and continued influence.

Arbitrum ($ARB) and SuperRare ($RARE) Maintain Strong Performance

Arbitrum ($ARB) takes the fourth spot with 4.7K engaged posts and an equal number of interactions. Arbitrum’s steady performance highlights its strong position in the DAO sector.

SuperRare ($RARE) is in fifth place with 3.9K occupied posts and 589.7K exchanges. SuperRare’s growing presence finest its influence in the digital art space, where it continues to gain attention.

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Aave ($AAVE) ranks sixth with 3.5K engaged posts and 589.7K interactions. Aave’s activity shows its continued importance in the decentralised finance (DeFi) ecology.

Uniswap ($UNI) Maintains Its Influence in DeFi

Uniswap ($UNI) is seventh among DAO projects with 3.4K occupied articles and 254.4K interactions. Uniswap’s steady engagement points its ongoing influence in both the DAO and DeFi communities.

The prominent DAO projects in the case of social activity take into account $ICP , $TAO , $APE , $ARB , $RARE , $AAVE , $SUI , $ENS , $CRV , and $LDO . https://t.co/NWVctlR9hg

— Blockchain Reporter (@blockchainrptr) September 12, 2024

This rise in social commitment among these DAO plans leads to a crucial question: Will this explosion in community participation drive broader adoption of decentralised governance? As DAO work like $ICP continues to lead, the future of independent governance looks promising.

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