Despite the launch of nomination pools, staking on the network fell.
by Messari. Despite the unexpected fallout of the cryptocurrency exchange FTX, Polkadot’s user base continued to grow.In its report titled “State of Polkadot Q4 2022,” Messari noted that between October and December 2022, the count of daily active accounts on Polkadot spiked by 63%. Furthermore, new accounts created on the network also increased by 49.4%. However, on a YoY basis, this fell by 71%. Polkadot closed Q4 2021 with 733,552 new accounts on its network. Between 1 October and 31 December 2022, new accounts created on Polkadot totaled 216,100.While Polkadot’s Treasury expenses shot up in Q4 2022, its revenue fell. According to Messari, Treasury expenses for the network increased significantly in the last quarter of 2022, with 863,000 DOT spent.
“The implementation of the new OpenGov model in 2023 will likely result in an increase in Treasury usage.”Revenue, on the other hand, fell by 1%. Per the report, Polkadot logged a total revenue of $94,319 in the three-month period under review.
Source: Digital Coin News (digitalcoinnews.net)