Polkadot’s Treasury, a vital component of the blockchain network’s ecosystem, now holds approximately $210 million worth of assets, equivalent to 31 million DOT.

On Dec. 31, Tommi Enenkel, Polkadot’s Head Ambassador, shared this update on social media platform X while highlighting the network’s financial standing as the year concludes.

Polkadot Treasury

Enenkel said 90% of Treasury’s assets are in DOT, with $15 million in stablecoins and $1 million in MYTH tokens.

However, the Treasury saw a decrease of 2 million DOT in equivalent holdings quarter-over-quarter. A detailed financial report is expected in January.

Meanwhile, this update follows concerns raised earlier in the year about Polkadot Treasury’s sustainability. At the time, critics argued that the Treasury’s operational funds might last only two years while highlighting spending on marketing.

However, stakeholders clarified that Polkadot’s inflationary mechanism ensures continuous Treasury replenishment, offsetting spending over time.

Key developments

Polkadot achieved notable milestones in 2024, reflecting its growing adoption within the broader crypto ecosystem.

A report from Parity Technologies, the development team behind Polkadot, revealed that transaction volumes across parachains surged by 300%, showcasing increased network activity.

The report also noted that Kusama, the blockchain’s canary network, recorded a historic peak of 140,000 transactions per second during the “Spammening” event on Dec. 4.

Additionally, three trustless bridges were introduced to enhance interoperability. These included Snowbridge (Polkadot-Ethereum), the Polkadot- Go to Source to See Full Article
Author: Oluwapelumi Adejumo