DAOs grew quieter and more concentrated in 2025: ‘State of DeFi’ report DAO activity declined, buybacks boomed, and perpetual exchanges became some of the most lucrative businesses in DeFi in 2025, according to a new report. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Filed under: Altcoins - @ December 26, 2025 9:02 pm