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Messari releases Polkadot Q3 report: Treasury expenditures fell 53% month-on-month to $28 million, and the number of active validators increased to 400
2024-11-27 07:14
Odaily News Messari released the Polkadot Q3 2024 Status Report, the highlights are as follows: -Parity launched Agile Coretime, replacing the parachain leasing system with a new model, that is, selling block space. This on-demand framework adjusts resource allocation to match network demand, thereby reducing resource waste during low activity periods and easing congestion during peak hours. -In the third quarter, Mythical Games went live on Polkadot and quickly rose to become one of the top three projects in the ecosystem by transaction volume. The platform recorded 11 million transactions, accounting for 15% of Polkadot's total transactions this quarter, mainly due to the success of the free mobile football game NFL Rivals. -Polkadot DAO treasury spending decreased by 53% in the third quarter (from $60 million in the second quarter to $28 million). Despite the reduction, OpenGov activity remains active, with the July 2024 referendum reaching an all-time high of 171, coinciding with the second highest number of DOTs used for voting so far. -Polkadot rollup extrinsics grew 69% quarter-over-quarter to 763,000 daily transactions. Growth was driven primarily by rollup tools such as Frequency, Litentry, and Mythos. -The set of active validators increased to 400 in Q3 and will reach 500 in Q4. This expansion caused Polkadot’s Nakamoto coefficient to jump to 112 in Q3.