Polkadot reports a total quarterly spending of $27 million in Q3, with a balance of $150 million.
The network has deployed $10 million across 4 DeFi chains including Bifrost, Pendulum, Hydration, and Centrifuge.
Future quarterly spendings are expected to hit 4.5 million DOT.
Polkadot has reached a significant milestone, with its latest treasury report showing a substantial reduction in quarterly spending. This positive development has been highlighted by a leading figure in the Polkadot community, who stressed the importance of continuing these sustainable practices.
The Q3 2024 treasury report reveals that Polkadot’s spending totaled 5.1 million DOT, currently valued at $27 million. This represents a notable decrease compared to previous quarters. The treasury currently holds a balance of 33 million DOT, worth approximately $150 million.
The 2024-Q3 Polkadot Treasury Report
Polkadot spent 27m USD (5.1m DOT) in Q3, now holding a balance of 150m USD (33m DOT).
Spending decreased, but more work to create long-term sustainability is still needed.https://t.co/FSBUCGDDi2
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— Alice und Bob @ Lisbon (@alice_und_bob) October 14, 2…
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