We analyzed 21 DAOs to gain an overview of the current on-chain governance, so you don't have to. Are DAOs really decentralized? How much do they cost, and how often do token holders participate? #DAO #governance @Uniswap governance has cost a fairly low ~230'000 USD in transaction fees, however, every $UNI token transaction has an overhead due to on-chain computation of delegations. This brings the total cost of governance to more than 3M USD!