Network participants process transactions and receive fees from users (supply-side fees).

Polkadot is a security & interoperability platform for blockchains and applications. Polkadot was founded by Gavin Wood and launched in 2020.

DOT holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Polkadot’s investors include Polychain, IOSG Ventures, Hashkey, etc.

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# Polkadot Treasury Methodology

## 1. Overview

The Polkadot treasury metric calculates the total USD value of assets held in official treasury addresses across the Polkadot ecosystem, including the main relay chain, HydraDX, and Polkadot AssetHub. This metric provides visibility into the protocol's financial resources available for governance-directed spending, grants, and ecosystem development. The calculation aggregates native DOT tokens and various other digital assets held in predefined treasury addresses, converting all holdings to USD using end-of-day price feeds.

## 2. Data sources

The calculation relies on several types of blockchain and external data:
- **Treasury balance snapshots**: Daily account balance data for specific treasury addresses across Polkadot relay chain, HydraDX, and AssetHub chains
- **Account balance data**: Detailed balance information from HydraDX pools data (which includes account balances for all HydraDX addresses), AssetHub native token balances, and AssetHub token balances  
- **Block data**: Timestamp information from Polkadot relay chain, HydraDX, and AssetHub blocks for daily boundary determination
- **Token metadata**: Decimal precision and chain mapping information for proper token amount normalization
- **Price feeds**: End-of-day USD price feeds for DOT and other tokens, with native token prices for DOT on Polkadot chain
- **Asset mapping data**: Cross-reference tables mapping AssetHub token IDs to HydraDX asset IDs for price lookup purposes

## 3. Step-by-step calculation

### Component A: Relay chain treasury balance
- **Purpose**: Captures native DOT holdings in Polkadot relay chain treasury addresses
- **Logic**: Extracts daily treasury balances from predefined relay chain treasury addresses. The system joins treasury balance snapshots with Polkadot block data to establish daily timestamps. Raw DOT amounts are converted to decimal format by dividing by 1e10 (DOT's decimal precision). Only the most recent balance per day is retained using row numbering to handle multiple balance updates within a single day.
- **Key fields**: Daily `timestamp`, `chain_id` as 'polkadot', treasury `address`, and `treasury_balance` in decimal DOT units

### Component B: Non-relay chain treasury balances  
- **Purpose**: Captures treasury holdings from HydraDX and AssetHub chains, including both native and token assets
- **Logic**: Processes three distinct data sources in parallel. For HydraDX, extracts account balances from pools data for specified treasury addresses, combining free and reserved balances and normalizing using token decimal metadata. For AssetHub native DOT, processes native treasury balance data using DOT decimals. For AssetHub tokens, processes token-specific treasury balances with decimal normalization. All three sources join with respective block data for daily timestamp boundaries and use row numbering for daily deduplication.
- **Key fields**: Daily `timestamp`, `chain_id` indicating source chain, treasury `account_address`, `token_id`, and normalized `treasury_balance`

### Component C: Native treasury USD conversion
- **Purpose**: Converts all native DOT treasury holdings to USD values
- **Logic**: Combines relay chain DOT balances with native DOT balances from other chains (AssetHub), aggregating by day and chain. Joins aggregated DOT amounts with native token price feeds specifically for DOT on Polkadot chain to calculate USD values. The conversion multiplies treasury amounts by end-of-day DOT prices.
- **Key fields**: `timestamp`, `chain_id`, and `treasury` amount in USD

### Component D: Token treasury USD conversion
- **Purpose**: Converts non-native token treasury holdings to USD values  
- **Logic**: Processes only non-native tokens from the non-relay chain data. For AssetHub tokens, applies a mapping step that converts AssetHub token IDs to corresponding HydraDX asset IDs using a predefined mapping table, since AssetHub lacks native price feeds. HydraDX tokens use their original token IDs. All mapped tokens are then joined with end-of-day price feeds to calculate USD values by multiplying treasury amounts by token prices.
- **Key fields**: `timestamp`, `chain_id`, mapped `token_address`, and `treasury` amount in USD

### Final aggregation
- **Combining components**: Native treasury USD values and token treasury USD values are unioned together, creating a complete view of all treasury holdings across chains and asset types
- **Currency conversion**: All amounts are already in USD from the component calculations using end-of-day price feeds, with DOT using native token prices and other tokens using standard end-of-day price feeds
- **Time aggregation**: Daily aggregation boundaries are established using timestamp truncation to day level, ensuring consistent daily reporting across all data sources
- **Final calculation**: The finalization macro applies standardized schema validation, ensures data completeness by filling gaps with zeros where no treasury data exists, and applies chain availability filtering to include only chains that have sufficient data quality for the given time periods

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value of a project's onchain treasury, including its native token.

PolkadotDOT

Treasury

Treasury

Competitive landscape

Chain breakdown