According to the newly released treasury report, Polkadot’s treasury is operating more actively but with greater caution in Q4/2025. Total expenditures reached $7.4 million, the lowest since the OpenGov governance model was implemented in June 2023. After adjusting for inflation and token burn mechanisms, the treasury recorded a net profit of 1.6 million DOT — the first positive result under the current system. At the end of the quarter, the treasury held approximately 32 million DOT, equivalent to $58 million.
Most of the budget was allocated to core areas, including development ($2.5 million), community outreach and communication ($1.7 million), and operations ($1.3 million). Notably, 68% of expenditures were made through departments and rewards, while 30% were paid in stablecoins.
The treasury also increased its presence in the ecosystem with about $3.8 million invested in DeFi activities across multiple parachains such as Hydration and Bifrost, holding a mix of DOT, USDT, USDC, and HOLLAR. However, the price of DOT remains near its historical lows, trading around $1.69, down 72% over the past year.
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Polkadot Treasury records its first profit on OpenGov
According to the newly released treasury report, Polkadot’s treasury is operating more actively but with greater caution in Q4/2025. Total expenditures reached $7.4 million, the lowest since the OpenGov governance model was implemented in June 2023. After adjusting for inflation and token burn mechanisms, the treasury recorded a net profit of 1.6 million DOT — the first positive result under the current system. At the end of the quarter, the treasury held approximately 32 million DOT, equivalent to $58 million.
Most of the budget was allocated to core areas, including development ($2.5 million), community outreach and communication ($1.7 million), and operations ($1.3 million). Notably, 68% of expenditures were made through departments and rewards, while 30% were paid in stablecoins.
The treasury also increased its presence in the ecosystem with about $3.8 million invested in DeFi activities across multiple parachains such as Hydration and Bifrost, holding a mix of DOT, USDT, USDC, and HOLLAR. However, the price of DOT remains near its historical lows, trading around $1.69, down 72% over the past year.