What Is a Major Challenge in Achieving True Decentralized Governance in DAOs?

A major challenge is the problem of 'voter apathy' and 'whale' dominance. Voter apathy means most token holders do not participate in voting, leading to low turnout.

'Whale' dominance occurs when a few large token holders (whales) can control the majority of votes, effectively centralizing the decision-making power despite the decentralized structure. This undermines the principle of distributed governance.