- Polkadot Treasury spending surges over 60% in 2023 compared to last year.
- $21 million (3.9 million DOT) spent in various categories in 2023, up from $13 million (1.7 million DOT) in 2022.
- Spending was categorized into Development (50%), Outreach (38%), Operations (9%), Research (2%), and Other (1%) in 2023.
Blockchain platform Polkadot has just released its latest Treasury Report for the third quarter of 2023. As of October 18, it has been revealed that the Polkadot Treasury’s spending has seen over a 60% surge in 2023 compared to the previous year.
The year, although not yet concluded, has already witnessed a remarkable uptick in spending. A total of $21 million (equivalent to 3.9 million DOT) has been spent in various categories, compared to $13 million (1.7 million DOT) in 2022.
The report categorizes spending into four main areas: Development, Operations, Outreach, and Research, with some additional costs classified as “Other.” It covers all expenditures within the Polkadot ecosystem until October 18, 2023.
Polkadot Treasury Total Spend in 2023 by Category (Source: Polkadot)
As illustrated in the chart, Development takes up a significant port…
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