Oh, what a surprise! Polkadot DAO, in a moment of rare clarity, has decided to limit the total supply of DOT tokens to a neat 2.1 billion. Until now, there was no cap-just endless, unrestrained token printing. This monumental decision came with the blessing of 81% of the participants in Referendum 1710, tucked under the catchy name âWish For Change.â Sounds like a new-age fairy tale, doesnât it?
In a tweet that felt like a grand declaration from the heavens, Polkadot made it official. From here on out, the issuance of DOT will decrease every two years on March 14-because, why not, itâs Pi Day. A symbolic gesture for the mathematically inclined, no doubt. Lower token emission and increased scarcity? Oh, the joy of being an investor in an increasingly rare, but still inexplicably underwhelming, token.
đ¨ DOT supply â capped at 2.1 Billion đ¨
The Polkadot DAO has decided that enough is enough, passing Referendum 1710 with 81% in favor. Welcome to the future.
Today ⤾ď¸
â 1.6 Billion DOT exist
â 120M DOT minted every year
â No supply cap (until now, obviously)What Ref. 1710 means for youâŚ
– Polkadot (@Polkadot) September 14, 2025
Fast forward to the future-Polkadotâs team predicts the DOT supply will hover around 1.9 billion tokens in the long run. Without this âupgrade,â it wouldâve hit 3.4 billion-because who needs a supply cap when you can just print tokens into oblivion? One X user applauded the move: â2.1 billion hard cap? Excellent! A crucial step for long-term value!â And we all know how much value we get from projects that cap their tokens after years of reckless emission, right?
Letâs break it down. Polkadotâs consensus model has been minting 120 million DOT annually, pumping out 1.61 billion tokens to date. But hey, excessive token supply isnât a problem, right? Wrong. More tokens in circulation often mean a market flooded with digital confetti. The market price? Well, with such a generous supply, demand would have to be practically non-existent to not sink the price. And surprise, surprise, itâs not looking too rosy for DOT.
As of today, DOT trades for around $4.34, with a market cap of $7.03 billion. Despite the dramatic news of Referendum 1710, DOTâs price has barely budged. Last week, it couldnât even break $4.6. Currently, itâs the 24th largest crypto asset by market cap-congrats, DOT. A real underdog story, huh?
Polkadotâs Obscure Downfall
Launched in May 2020, Polkadot was the talk of the blockchain town for a while, mainly because of its parachains architecture. Founded by Gavin Wood, one of Ethereumâs co-founders, it had all the right connections and a promising future. The early months were golden. But, as with all things, the novelty wore off. Over the past couple of years, market interest has dropped faster than DOTâs price.
Once upon a time, DOT was soaring, peaking at $55 in November 2021. Fast forward to today, and itâs down 92% from that high. If this were a soap opera, this would be the part where the protagonist dramatically looks out the window, contemplating their fate. But this is crypto-so, who knows? Tomorrow might bring a new chapter.
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2025-09-15 10:40