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Polkadot's Treasury Expenditure Surges, Doubling in Under 12 Months
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Polkadot's Treasury Expenditure Surges, Doubling in Under 12 Months

Oct 21, 2023

As of October 18, 2023, reports indicate that the Polkadot treasury has disbursed 3.9 million DOTs, which is equivalent to a substantial $21 million. This represents a notable uptick from the 1.7 million DOTs, valued at $13 million, that it expended in the previous year.

As of October 18, the Polkadot treasury has spent a total of US$21 million (3.9 million DOTs) in 2023, compared with US$13 million (1.7 million DOTs) last year. Development spending accounts for half, outreach spending 38%, operating expenses 9%, and research and other 2%.…Wu Blockchain (@WuBlockchain) October 20, 2023

In reference to a report shared on the Polkadot network's forum, Colin Wu, a Chinese reporter specializing in cryptocurrencies, pointed out that this year, half of the Polkadot treasury's expenditures were allocated to development efforts. Additionally, Wu observed that 38% of the budget was directed towards outreach initiatives, with operating expenses accounting for 9% of the total budget.

The article titled "Polkadot's Treasury Expenditure Doubles in Under a Year" was originally published on Coin Edition.

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