Polkadot Q3 Digest: Examining The Network’s Growth, Challenges, And Future Prospects

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Polkadot Q3 Digest: Examining The Network’s Growth, Challenges, And Future Prospects - NewsBTC

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Related Reading: Institutions Just Waiting To Buy Up’ Bitcoin, Says MARA CEO The Polkadot Treasury on the other hand, saw continued active usage, with 9.5 million DOT allocated for proposals, 7.4 million for bounties, and 2.5 million burned. A significant development was the approval of Polkadot Referendum 457 in Q2 2024, which diversified the treasury with USDT and USDC, enabling treasury proposals to be denominated in stablecoins.

Related Reading: Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained Polkadot also made significant strides in Q3 2024 with several key initiatives aimed at enhancing its ecosystem.

This positioned Polkadot fourth among leading blockchain networks, trailing only Ethereum, Base, and Polygon. Furthermore, Artemis tracked an average of 630 weekly active core developers and 760 ecosystem developers during Q3, underscoring a vibrant development community.