DAO governance platform Tally to shut down in March after processing over $1B

Decentralized autonomous organization governance platform Tally will begin winding down operations at the end of March after five years, with its co-founder citing the lack of a sustainable business model for DAO tooling. The platform says it has handled governance for hundreds of organizations, served more than 1 million users and processed over $1 billion in payments, but will not move ahead with a planned token sale. Industry participants argue the closure reflects broader challenges in DAO coordination, where high usage has not consistently translated into revenue.