Polkadot Treasury Report Reveals Q3 Financial Overview

According to Odaily, Polkadot community members Alice und Bob have released the Treasury Operations Report for the third quarter of 2024 on the official governance forum. The report indicates that the Polkadot treasury holds a balance of 33.3 million DOT (approximately $153 million). After accounting for liabilities, the surplus stands at 32.4 million DOT (around $149 million). In terms of expenditures, the Polkadot treasury spent a total of $27 million (5.2 million DOT) in the third quarter, which is about half of the total expenditure in the second quarter (decreasing from $58 million to $27 million). When measured in DOT, the expenditure dropped from 8 million DOT to 5.2 million DOT. Specifically, marketing-related expenses saw the most significant reduction, falling from $27 million to $9.9 million. Development-related expenses remained stable, increasing slightly from $10 million to $11.9 million. Operational expenses also remained similar, decreasing from $1.7 million to $1.4 million. Talent and education-related expenses saw a slight increase, rising from $2.3 million to $3.8 million. Research expenses were at a low, dropping from $1.5 million to $310,000. No economic incentive proposals were approved this quarter.