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Polkadot June 2024 Report: Surge in Snowbridge Usage and Core Updates
#Polkadot #DOT #snowbridgeUpdate $DOT $ETH

Polkadot's June 2024 report reveals a surge in Snowbridge usage, updates on the Alpha Program, new features in the Generic Ledger app, and strong core metrics that support its status as the world's largest DAO.

Snowbridge Update

Polkadot's latest monthly report showcases significant tech updates, key metrics, and ecosystem discussions for June 2024. A major highlight is the increased usage of Snowbridge, the Polkadot-Ethereum bridge launched less than a month ago. Nearly 700 ETH have been transferred via this trustless, decentralized bridge from Ethereum to Polkadot’s Asset Hub.

Updates on the Alpha Program

The report provides insights into the Alpha Program, a gateway to exciting development opportunities. In June, seven new teams joined the program, benefiting from Substrate advisory calls and code reviews by Blockdeep Labs, a recent addition to the Alpha Program. A wishlist feature has also been incorporated, allowing teams to actively participate and provide feedback on GitHub.

Core Metric Reports

The report also discusses core metrics that solidify Polkadot's position as the world's largest DAO. Despite a slight drop in voter turnout, June saw 1,131 unique voters and 103 referenda, with 65 approved, 25 rejected, 11 timed out, and two canceled. GitHub activity increased significantly, with 27,810 repositories and weekly commits nearing 5,000. On average, 750 to 850 developers were active each week in June. The Polkadot forum also saw significant engagement, with 153 new faces, 92 new topics, and 531 new posts.

Conclusion

Polkadot's June 2024 report highlights the platform's dynamic growth and robust ecosystem. From Snowbridge's surge in usage to vital updates on the Alpha Program and parachains, Polkadot continues to strengthen its position in the blockchain industry.