• Like funding, the blockchain’s development activity also declined in Q2
• Market indicators seem to be bullish on DOT, suggesting a further uptrend 

Polkadot [DOT] has been known for its development activity and its parachains, which have grown over the last few months. In fact, a recent tweet from Polkadot Insider pointed out how funding for its R&D activity has been over the last few years.

However, the last quarter for Polkadot was not the best in terms of its price action as it plummeted on the charts. Will the new quarter be any better for DOT? 

Read Polkadot’s [DOT] Price Prediction 2023-24

A decline in Polkadot’s funding

Polkadot Insider, a popular Twitter handle that posts updates related to the Polkadot ecosystem, recently revealed in a tweet how funding for the network’s R&D activity has risen. As per the same, funding has registered an increase since the last quarter of 2021. The tweet highlighted that Astar Network, Unique Network, and Darwinia received the most funding.

However, while the growth was promising, the graph declined in Q2 2023, which has been concerning. Not only did funding decline in the last quarter, but the same trend was also seen for the blockchain’s development activity. 

Polkadot investors had a hard time

The blockchain saw a decline in its popularity in the last quarter too, which was evident from its low social volume. Additionally, sentiment around Go to Source to See Full Article
Author: Dipayan Mitra

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