$DOT 's Treasury STILL Under Pressure?! đ€
Polkadot's financial health is raising eyebrows. According to Token Terminal, #DOT recorded another net loss last month (July 2024), bringing its total losses closer to the red. đ€ź While this is a slight improvement from June, it's far from ideal. đ€
A key factor contributing to this downturn is a decline in revenue from transaction fees, đ indicating a decrease in on-chain activity. đ„ To make matters worse, the number of active users on the network has also dipped by 16.9% in July. This combination of falling revenue and dwindling user engagement is a concerning trend. đ
On the bright side, DOT has seen a slight uptick in token holders. đ đ However, with the price hovering around $4.81 and a P/S ratio on the rise, it's clear that the market isn't overly enthusiastic about the project's current trajectory.đ€§
DOT's team has their work cut out for them. They'll need to find ways to boost on-chain activity, increase revenue, and restore investor confidence to turn things around. đđ
What do you think, DOT holders? Is this just a temporary setback, or are there deeper issues at play? DYOR! #Polkadot
