- Polkadot treasury spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023.
- The project spent only 1.7 million DOTs, worth $13 million last year.
- Development spending accounted for half of the total amount spent by the Polkadot treasury this year.
According to reports, the Polkadot treasury had spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023. That is a significant increase from the 1.7 million DOTs, worth $13 million it spent last year.
As of October 18, the Polkadot treasury has spent a total of US$21 million (3.9 million DOTs) in 2023, compared with US$13 million (1.7 million DOTs) last year. Development spending accounts for half, outreach spending 38%, operating expenses 9%, and research and other 2%.…— Wu Blockchain (@WuBlockchain) October 20, 2023
Referencing a report posted on the Polkadot network’s forum, Colin Wu, a Chinese crypto-focused reporter, noted that development spending accounted for half of the total amount spent by the Polkadot treasury this year. Wu also observed that outreach spending gulped 38% of the budget while operating expenses consumed 9% of the total budget.
Although Polkadot-rela…
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