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- Polkadot community engaged in 91 referendums in May, with 56 approved and 22 rejected.
- The Polkadot Forum saw 244 new members and 995 new posts in May, showcasing strong community growth.
This month, Polkadot’s DOT holders and community once again showed how excited they are about OpenGov, the platform that allows everybody to participate and influence Polkadot’s governance. The most current statistics demonstrate the strong engagement on the platform and the active participation of the community.
🚨 This just in: May Eco Insights by @paritytech
ICYMI 900+ devs were active on Polkadot, while the number of code commits grew to 5.7K+ weekly commits per month.
👉 Read on for tech updates, governance activity, coretime metrics, & more! https://t.co/yeAonKiZDX
— Polkadot (@Polkadot) June 21, 2024
Polkadot Key Metrics from May
Counting account holders who cast at least one vote during the month, Polkadot had 1,595 unique voters in May. The community held 91 referendums, of which 56 passed, 22 failed, and 11 ran out of time. This great degree of involvement shows how dedicated the community is to the governance of the platform.
The developers at Polkadot carried on working hard throughout May, generating a lot of pull requests (PRs), commits, and general developer metrics. These initiatives show the significant power and continuous growth of the Polkadot ecosystem. This powerful development effort is briefly summarized in the most recent GitHub activity stats.
Discussing ecosystems still takes place mostly on the Polkadot Forum. Being the place where many people come to express their views—comments or worries—the forum’s goal is strengthened daily by its vibrant community.
In May, the forum saw remarkable expansion, with 995 new posts, 125 new topics, and 244 new members. This amazing participation emphasizes how important the forum is to promoting communication and community involvement.
One day before Polkadot Decoded, on July 10th, in Brussels, will be the Polkadot Technical Summit. Following the triumph of the last summit, this one intends to bring together important developers and stakeholders to talk about and influence the direction of the Polkadot ecosystem.
Market Performance
DOT’s price as of writing is roughly $5.65, down 3.09% in the previous day. CoinGecko data shows that DOT has been declining 10.86% during the last week. Despite these recent downturns, investors continue to be very interested in the long-term prospects for DOT.
Further exposing DOT to a broad spectrum of possible investors was the Polkadot ecosystem’s recent sponsorship of Conor Daly at the 108th Indy 500. According to a prior CNF report, the $2.1 million sponsorship will raise awareness of the ecosystem and bring in new users to the Polkadot network.
