Overview
- Tally will begin winding down its governance application at the end of the month, with transition arrangements in place for larger clients.
- CEO Dennison Bertram tied the decision to a softer U.S. stance following the Gensler era and 2025 legal clarity on tokens, which reduced the perceived need for DAO structures.
- The firm’s ‘infinite garden’ bet that thousands of protocols and L2s would require coordination tooling did not materialize as activity concentrated in a handful of dominant projects.
- Tally powered voting and delegation for Uniswap, Arbitrum and ENS among more than 500 DAOs, and reported processing over $1 billion in payments while supporting treasuries exceeding $25 billion.
- Bertram also cited a rotation of capital and talent toward AI and industry moves away from governance-heavy models, noting examples like Across proposing a C‑corp and Yuga scaling back DAO efforts.