- Polkadot is making a revenue.
- It is the first optimistic quarter for the blockchain on report.
- The undertaking was earlier criticised for extreme spending.
Polkadot has reported its first quarterly revenue in virtually three years as the long-running blockchain undertaking commits to a brand new belt-tightening routine.
In its 2025 fourth-quarter monetary report, the cooperative that governs Polkadot reported spending $7.4 million whereas including property price round $11.5 million, giving it a revenue of some $4.1 million.
“The Polkadot Treasury has grown extra conservative and targeted on important operations and improvement,” Tommi Enenkel, Polkadot’s ecosystem developer and co-author of the report, stated.
Enenkel attributed the optimistic quarter to “the Gavin impact,” referencing Polkadot’s creator Gavin Wooden, who returned as CEO of Parity Applied sciences, the for-profit Polkadot developer, in August 2025.
“It exhibits the optimistic impact a voice of motive with the assist of huge baggage has,” Enenkel stated.
It’s the first time Polkadot has generated a quarterly revenue because it began reporting its funds publicly in 2023.
It’s additionally a stark turnaround from the first half of 2024, when Polkadot spent a whopping $87 million. At the time, the undertaking laid out $37 million on promoting and paid influencers $5 million to advertise the blockchain on social media as half of a giant advertising push.
Amid the splurge, Polkadot spent $180,000 to slap its emblem on “a complete fleet of Europe-based non-public jets” for six months in a bid to advertise the blockchain to “an elite goal group.”
Treasury diversification
Of the $7.4 million Polkadot spent between October and December final yr, $2.5 million — the largest outlay — went on improvement.
After that, outreach accounted for $1.7 million, $870,000 of which Polkadot spent on promoting.
The rest of the expenditure went in direction of operations, enterprise improvement initiatives, financial incentives, analysis, and expertise and schooling.
At the similar time, Polkadot gained 4.1 million of newly-issued DOT tokens.
Along with chopping down on spending, the report additionally confirmed Polkadot diversifying extra of its treasury away from the blockchain’s native DOT token.
Stablecoins now account for 18% — or $10.5 million — of Polkadot’s reserves, up from slightly below $1.7 million in the first half of 2024.
DOT decline
Whereas Polkadot’s value chopping has helped stabilise the undertaking, it’s not the complete image.
The blockchain’s stability sheet has declined in US greenback phrases as a result of the worth of the DOT token has plummeted some 37% over the previous three months.
Polkadot holds virtually 32 million DOT tokens, accounting for 77% of its reserves.
“The USD equal worth has diminished considerably in This fall as a result of the declining DOTUSD charge. A danger that’s an increasing number of being mitigated by diversification into stables,” Enenkel stated.
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Attain out with suggestions at tim@dlnews.com.
