¡DOT, Increasingly Reliable! 😋✨😌

The third quarter (T3) performance report from Messari for Polkadot (DOT) highlights several key points about the development of the blockchain network and its financial metrics.

Among the highlighted findings are:

- Strong developer participation in Polkadot, with approximately 2400 active monthly developers in July 2024.

- Significant advancements in the Polkadot ecosystem, including the Decentralized Futures program and the Cross-Consensus Message Format (XCM) initiative.

- A 27% decrease in DOT's market capitalization in T3 2024, which translated into a drop in DOT's market capitalization ranking.

- Relatively low transaction fees compared to the competition, with a total of $84,000 in transaction fees in T3 2024.

- Ongoing active use of the Polkadot Treasury, with 9.5 million DOT allocated to proposals, 7.4 million to rewards, and 2.5 million burned.

Overall, the report suggests that Polkadot remains an active and growing blockchain network, with strong developer participation and significant advancements in its ecosystem.

Source: Newsbtc.com