According to CoinMeta, as reported by Cryptonews, in April 2024, an on-chain vote transferred $165 million from the finances of Uniswap to a two-year funding program. This process did not require the signature of CEO nor the convening of a board of directors. Token holders scattered across different time zones discussed the proposal on forums and voted through smart contracts, resulting in an automatic and irreversible transfer of funds that was carried out strictly in accordance with the code. This is precisely the function of a decentralized autonomous organization (DAO): using token-weighted voting and smart contracts to replace the traditional corporate hierarchy. By 2026, DAO had jointly managed over $30 billion in financial assets, and the governance infrastructure, voting system, and proposal framework had developed into a small industry in their own right.