Polkadot Treasury Report Reveals Over 60% Surge in Spending for 2023 Q3

• Polkadot Treasury spending surges over 60% in 2023 compared to last year.
• $21 million (3.9 million DOT) spent in various categories in 2023, up from $13 million (1.7 million DOT) in 2022.
• Spending was categorized into Development (50%), Outreach (38%), Operations (9%), Research (2%), and Other (1%) in 2023.

Blockchain platform Polkadot has just released its latest Treasury Report for the third quarter of 2023 . As of October 18, it has been revealed that the Polkadot Treasury’s spending has seen over a 60% surge in 2023 compared to the previous year.

The year, although not yet concluded, has already witnessed a remarkable uptick in spending. A total of $21 million (equivalent to 3.9 million DOT) has been spent in various categories, compared to $13 million (1.7 million DOT) in 2022.

The report categorizes spending into four main areas: Development, Operations, Outreach, and Research, with some additional costs classified as “Other.” It covers all expenditures within the Polkadot ecosystem until October 18, 2023.

Polkadot Treasury Total Spend in 2023 by Category (Source: Polkadot )

As illustrated in the chart, Development takes up a significant portion, amounting to 50% of the total expenses. Outreach constitutes 38%, and Operations accounts for 9%. Research took 2%, and other miscellaneous costs make up the remaining of the expenditure.

Compared to 2022, both the Development and Operations categories have experienced a doubling in expenditure. Outreach spending has seen nearly a 10% increase, while Research has witnessed a remarkable 65% rise.

The Polkadot Treasury report further indicates that the relative distribution of spending across these categories remains relatively stable compared to the previous year.