Polkadot

Coin

<ul class="news-points"> 
 <li>Polkadot Treasury spending surges over 60% in 2023 compared to last year.</li> 
 <li>$21 million (3.9 million DOT) spent in various categories in 2023, up from $13 million (1.7 million DOT) in 2022.</li> 
 <li>Spending was categorized into Development (50%), Outreach (38%), Operations (9%), Research (2%), and Other (1%) in 2023.</li> 
</ul> 
<a href="https://coinedition.com/polkadot-dot-price-prediction/">Blockchain platform Polkadot</a> has just released its latest <a href="https://forum.polkadot.network/t/polkadot-treasury-report-2023-q3/4333/3" target="_blank" rel="nofollow">Treasury Report for the third quarter of 2023</a>. As of October 18, it has been revealed that the Polkadot Treasury’s spending has seen over a 60% surge in 2023 compared to the previous year. 
 The year, although not yet concluded, has already witnessed a remarkable uptick in spending. A total of $21 million (equivalent to 3.9 million DOT) has been spent in various categories, compared to $13 million (1.7 million DOT) in 2022. 
The report categorizes spending into four main areas: Development, Operations, Outreach, and Research, with some additional costs classified as “Other.” It covers all expenditures within the Polkadot ecosystem until October 18, 2023. 
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Polkadot Treasury Total Spend in 2023 by Category (Source: <a href="https://forum.polkadot.network/t/polkadot-treasury-report-2023-q3/4333" target="_blank" rel="nofollow">Polkadot</a>) 
As illustrated in the chart, Development takes up a significant port…
The post <a rel="nofollow" href="https://coinedition.com/polkadot-treasury-report-reveals-over-60-surge-in-spending-for-2023-q3/">Polkadot Treasury Report Reveals Over 60% Surge in Spending for 2023 Q3</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Polkadot Treasury Report Reveals Over 60% Surge in Spending for 2023 Q3

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