BPOI Banner
Coinbase’s Top Lawyer Sees US-Led ‘Race to Top’ in Crypto Hubs Coinbase’s Top Lawyer Sees US-Led ‘Race to Top’ in Crypto Hubs

Polkadot’s $37 Million ‘Outreach’ Offers Rare Look at Crypto Spending Priorities

In this edition of the Bloomberg Crypto newsletter, Muyao Shen wonders what Polkadot got in return for all that ‘outreach’ spending.

You might think that questions about preserving a startup’s treasury will arise only in a bear market. However, the concern is relevant even now, as highlighted by Polkadot, a blockchain project co-founded by Gavin Wood, who also co-founded Ethereum. Last week, a contributor to the project named alice_und_bob published a report on Polkadot’s treasury for the first six months of 2024. The conclusion? Polkadot only has two years of runway if it continues its current rate of spending.

Source link

Muyao Shen

https://www.bloomberg.com/news/newsletters/2024-07-02/polkadot-s-37-million-outreach-offers-rare-look-at-crypto-spending-priorities

2024-07-02 07:00:00

bitcoin
Bitcoin (BTC) $ 95,456.58 0.93%
ethereum
Ethereum (ETH) $ 3,306.39 1.25%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.19 2.21%
bnb
BNB (BNB) $ 664.91 0.63%
solana
Solana (SOL) $ 182.51 1.42%
dogecoin
Dogecoin (DOGE) $ 0.313207 0.80%
usd-coin
USDC (USDC) $ 1.00 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,300.33 1.22%
cardano
Cardano (ADA) $ 0.887283 1.17%
tron
TRON (TRX) $ 0.247476 0.65%
avalanche-2
Avalanche (AVAX) $ 36.41 3.86%
chainlink
Chainlink (LINK) $ 22.70 2.23%
the-open-network
Toncoin (TON) $ 5.42 1.08%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,907.08 1.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 0.08%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,195.51 0.85%
sui
Sui (SUI) $ 4.27 5.82%
stellar
Stellar (XLM) $ 0.355504 0.32%
polkadot
Polkadot (DOT) $ 6.90 2.26%
hedera-hashgraph
Hedera (HBAR) $ 0.266508 4.52%
hyperliquid
Hyperliquid (HYPE) $ 28.31 14.22%
weth
WETH (WETH) $ 3,303.20 1.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 442.93 2.49%
leo-token
LEO Token (LEO) $ 9.40 0.98%
uniswap
Uniswap (UNI) $ 13.89 1.32%
litecoin
Litecoin (LTC) $ 101.91 0.97%
pepe
Pepe (PEPE) $ 0.000018 2.06%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,486.51 1.07%
near
NEAR Protocol (NEAR) $ 5.09 1.11%
ethena-usde
Ethena USDe (USDE) $ 0.999694 0.05%
bitget-token
Bitget Token (BGB) $ 4.13 0.57%
usds
USDS (USDS) $ 1.00 0.27%
aptos
Aptos (APT) $ 9.11 4.46%
aave
Aave (AAVE) $ 333.06 11.35%
internet-computer
Internet Computer (ICP) $ 10.03 0.89%
crypto-com-chain
Cronos (CRO) $ 0.154141 1.90%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.475489 0.86%
mantle
Mantle (MNT) $ 1.17 0.85%
ethereum-classic
Ethereum Classic (ETC) $ 26.23 0.43%
vechain
VeChain (VET) $ 0.045882 0.52%
render-token
Render (RENDER) $ 7.06 1.41%
whitebit
WhiteBIT Coin (WBT) $ 24.43 0.03%
monero
Monero (XMR) $ 187.74 1.89%
mantra-dao
MANTRA (OM) $ 3.63 1.97%
dai
Dai (DAI) $ 1.00 0.05%
bittensor
Bittensor (TAO) $ 456.30 0.40%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.28 0.14%
arbitrum
Arbitrum (ARB) $ 0.756978 0.92%
ethena
Ethena (ENA) $ 1.05 0.05%