According to a report by Bitcoin.com, the total treasury balance of decentralized autonomous organizations (DAOs) has plunged by $12.6 billion within the last six months. The collective treasury, which was $37 billion in late March, is now down to $24.5 billion as of October. The report highlights the top five DAOs with the largest treasury balances: 1. Optimism (OP) - $3.8 billion 2. Uniswap (UNI) - $2.9 billion 3. Mantle (MNT) - $2.7 billion 4. Arbitrum (ARB) - $2.4 billion 5. Gnosis (GNO) - $1.7 billion The decline in DAO treasury balances is attributed to several factors, including the ongoing bear market in the cryptocurrency space, the collapse of the Terra ecosystem, and the recent hack of the Mango Markets decentralized exchange. Despite these challenges, DAOs remain a significant force in the Web3 ecosystem, and their long-term growth prospects remain promising. ```