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

# Polkadot Treasury (net) Methodology

## 1. Overview

Treasury net measures the total USD value of token holdings across official Polkadot ecosystem treasury addresses on HydraDX and Polkadot AssetHub chains. This metric provides visibility into the aggregate treasury assets managed by the Polkadot network, excluding native DOT holdings and certain specific tokens. The calculation aggregates daily balance snapshots from predefined treasury addresses, converts non-native tokens to USD using HydraDX price feeds, and applies cross-chain token mapping where needed.

## 2. Data sources

The treasury net metric relies on several key data sources:
- **Account balance snapshots**: Daily balance records from HydraDX and Polkadot AssetHub treasury addresses, including both `free` and `reserved` token amounts
- **Block data**: HydraDX and Polkadot AssetHub block timestamps for daily time boundary calculations
- **Token metadata**: Token decimals and identification data for balance normalization across different token standards
- **End-of-day price feeds**: HydraDX-based token prices in USD for treasury value conversion
- **Cross-chain token mappings**: Hardcoded mappings between Polkadot AssetHub token IDs and HydraDX asset IDs for price lookup compatibility

## 3. Step-by-step calculation

### Component A: Raw treasury balance extraction
- **Purpose**: Extract daily treasury balances from official treasury addresses across HydraDX and Polkadot AssetHub chains
- **Logic**: The system identifies predefined treasury addresses on both chains and retrieves their daily token balances. For HydraDX, it uses addresses `7LcF8b5GSvajXkSChhoMFcGDxF9Yn9unRDceZj1Q6NYox8HY` and `7KCp4eenFS4CowF9SpQE5BBCj5MtoBA3K811tNyRmhLfH1aV`, pulling balance data from account balance snapshots. For Polkadot AssetHub, it uses addresses `14xmwinmCEz6oRrFdczHKqHgWNMiCysE2KrA4jXXAAM1Eogk`, `13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB` and `16VcQSRcMFy6ZHVjBvosKmo7FKqTb8ZATChDYo8ibutzLnos`, collecting both native DOT balances and other token balances. The calculation combines `free` and `reserved` amounts for each token to get total holdings, then normalizes by token decimals (DOT uses 10^10 decimals, other tokens use their specified decimal places)
- **Key fields**: `address` for treasury identification, `token_id` for asset classification, `free` and `reserved` for balance amounts, `decimals` for normalization, and `timestamp` for daily boundaries

### Component B: Cross-chain token mapping
- **Purpose**: Map Polkadot AssetHub token IDs to HydraDX asset IDs for consistent price lookup
- **Logic**: Since Polkadot AssetHub tokens don't have direct price feeds, the system uses a hardcoded mapping to link AssetHub tokens to equivalent HydraDX assets that do have price data. Currently maps USDt (AssetHub ID `1337` to HydraDX ID `10`) and USDC (AssetHub ID `1984` to HydraDX ID `22`). This mapping enables USD conversion for AssetHub treasury holdings using HydraDX price feeds
- **Key fields**: `token_id` for AssetHub identification, `hydradx_asset_id` for price lookup, and `symbol` for token identification

### Component C: USD conversion and aggregation
- **Purpose**: Convert non-native token treasury balances to USD values using end-of-day price feeds
- **Logic**: The system filters out native tokens from the balance data and joins the remaining token balances with end-of-day price feeds from HydraDX. For Polkadot AssetHub tokens, it uses the mapped HydraDX asset IDs for price lookup. Each treasury balance is multiplied by the corresponding USD price to get dollar-denominated values. The system then aggregates these USD values by day, chain, and token address
- **Key fields**: `treasury` for token amounts, `price_usd` for conversion rates, and `token_address` for price matching

### Final aggregation
- **Combining components**: The system sums all USD-converted treasury balances across chains and tokens, grouping by day and chain to create daily treasury net values
- **Currency conversion**: All treasury balances are converted to USD using end-of-day price feeds from HydraDX, with cross-chain token mapping applied where necessary for price lookup
- **Time aggregation**: Daily boundaries are established by truncating timestamps to day granularity, with deduplication using row numbering to ensure only the latest balance per day is included
- **Final calculation**: The metric represents the total USD value of non-native token holdings across all Polkadot ecosystem treasury addresses, excluding one specific HydraDX token (with address `5`) and applying standardization through the finalization macro with zero-filling for data gaps

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

Total value of a project's treasury excluding its native token.

PolkadotDOT

Treasury (net)

Treasury (net)

Competitive landscape

Chain breakdown