Cult DAO Breaks Down Recent Increase in CULT Treasury Volume

Cult DAO

According to Etherscan data, the Cult DAO protocol burned over 1.725 billion CULT tokens in the past two weeks. More precisely, 1,725,774,482 CULT, which equals roughly 25ETH, was burned from March 24 to April 8, 2022.

Graph 1

The Cult DAO Treasury accrued 81.496 billion CULT tokens during the same period, equaling nearly 130 ETH. It’s worth noting that the protocol takes a 0.4% tax from transactions, which it sends automatically to the treasury.

Graph 2

Furthermore, on April 11, more CULT was taken out of circulation than two days before with twice the volume.

Graph 3

About Cult DAO

Cult DAO is a blockchain-based DAO aiming to accelerate the decentralized finance revolution. Its goal is to empower people with the necessary tools to “break away from societal, economic and other norms.” To this end, its users can actively vote on funding for projects focusing on decentralized applications.

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