The Polkadot blockchain is under fire for its exorbitant marketing spending in 2024. A report by the Polkadot Foundation Treasury revealed that approximately 5 million DOT, equivalent to $36.7 million, were spent on promotional activities in the first six months of the year.

The community did not take the news well.

The criticism focuses in particular on three points:

- The amount of money spent considered by many to be excessive;

- How the money was spent: a significant portion of the budget was allocated to sponsorships with sports personalities and agreements with influencers, strategies considered very ineffective and not in line with the values ​​of the crypto world;

- The disappointing results obtained regarding the price of the DOT token, which has fallen by approximately 22% since the beginning of the year, highlighting that there has been no increase in the adoption of the platform.

The incident has also raised questions about Polkadot’s financial sustainability. If the project continues to burn money at this rate, its reserves could run out in less than two years. It remains to be seen whether Polkadot can calm the storm and regain the community’s trust.