Polkadot’s Treasury Spending Doubles in Less Than One Year

• Polkadot treasury spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023.
• The project spent only 1.7 million DOTs, worth $13 million last year.
• Development spending accounted for half of the total amount spent by the Polkadot treasury this year.

According to reports, the Polkadot treasury had spent 3.9 million DOTs, equivalent to $21 million, as of October 18, 2023. That is a significant increase from the 1.7 million DOTs, worth $13 million it spent last year.

Referencing a report posted on the Polkadot network’s forum, Colin Wu, a Chinese crypto-focused reporter, noted that development spending accounted for half of the total amount spent by the Polkadot treasury this year. Wu also observed that outreach spending gulped 38% of the budget while operating expenses consumed 9% of the total budget.

Although Polkadot-rela…

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