Polkadot's Q3 2024 Report Highlights Key Developments

According to PANews, Messari has released its Q3 2024 report on Polkadot, revealing significant developments within the network. Parity has introduced the Agile Coretime system, replacing the previous parachain leasing model with a block space sales approach, allowing for on-demand allocation of network resources. In the third quarter, Mythical Games made a notable entry into the Polkadot ecosystem, quickly becoming one of the top three projects by transaction volume. Its NFL Rivals game generated 11 million transactions, accounting for 15% of the total quarterly transaction volume. Despite a 53% quarter-over-quarter decrease in Polkadot DAO treasury spending to $28 million, OpenGov activities remained robust. July 2024 saw a record high of 171 referendums, indicating sustained community engagement. Additionally, Polkadot experienced a 69% increase in rollup external calls, averaging 763,000 transactions per day, primarily driven by contributions from rollups like Frequency, Litentry, and Mythos. The number of active validators rose to 400, with expectations to reach 500 in the fourth quarter, elevating Polkadot's Nakamoto coefficient to 112 in the third quarter.