Polkadot (DOT)
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anchored·3GPMvb…zHkZSummary
Polkadot is a Layer 0 blockchain interoperability protocol founded by Gavin Wood (co-founder of Ethereum) and backed by the Web3 Foundation. It introduced a multi-chain architecture connecting independent blockchains via a central Relay Chain and launched its native token DOT in 2017. As of mid-2026, the project is classified as a digital commodity by U.S. regulators, has launched a spot ETF, and is executing a major technical upgrade (JAM), but faces credible concerns around treasury management, an ecosystem exodus of flagship parachains, a bridge exploit, and persistent adoption challenges relative to competitors.
Connected Entities
1 entities- + 3 more
Timeline(13 events)
2016
Gavin Wood founds Parity Technologies and begins work on the Polkadot concept following his departure from Ethereum.
DailyCoin - History of PolkadotJuly 2017
First Parity wallet hack results in approximately $30 million in ETH stolen from multiple wallets.
Yahoo Finance - Victims of $30M Parity Wallet Hack15 October 2017
Polkadot ICO opens; Web3 Foundation raises approximately $140 million by selling 50% of the initial 10 million DOT token supply.
CryptoPotato - The Story Of Polkadot Starts With The 2017 ICO9 November 2017
A user accidentally triggers a bug in Parity's multi-signature wallet library, freezing 513,774 ETH across 587 wallets. Approximately $98 million of Polkadot's ICO funds are among the frozen assets. Funds remain frozen as of 2026.
CoinDesk - ICO Funds Among Millions Frozen In Parity Wallets28 June 2024
Polkadot releases H1 2024 treasury report showing $87 million in spending for the first half of the year, including $37 million on marketing and events. Community backlash intensifies over burn rate.
BlockBeats - Polkadot spent $87 million in half a year14 September 2025
Polkadot community passes 'Wish for Change' governance proposal establishing a hard supply cap of 2.1 billion DOT.
The Block - Polkadot to tighten tokenomics by capping DOT supply at 2.1 billion6 March 2026
21Shares launches the first U.S. spot Polkadot ETF (TDOT) on Nasdaq, seeded with approximately $11 million.
Nasdaq Press Release - 21Shares Launches Polkadot ETF TDOT17 March 2026
SEC and CFTC issue joint interpretive guidance classifying Polkadot's DOT as a digital commodity, alongside 15 other major crypto assets.
CoinPedia - SEC CFTC Crypto Commodity List 202613 April 2026
Attacker exploits Hyperbridge's Ethereum gateway contract, minting approximately 1 billion fraudulent DOT tokens on Ethereum and extracting approximately $237,000–$250,000 in actual value. Native DOT and Polkadot chain are unaffected. Hyperbridge is paused.
CoinDesk - Attacker mints $1 billion Polkadot tokens on EthereumMay 2026
Polkassembly, the primary governance UI for Polkadot and Kusama, shuts down after over five years of operations. Co-founder cites unpaid treasury obligations and ecosystem leadership failures.
Polkassembly website31 July 2026
Moonbeam completes migration of GLMR token from Polkadot to Coinbase's Base Layer 2, departing the Polkadot ecosystem after being a flagship parachain.
The Defiant - Moonbeam to Fully Migrate GLMR From Polkadot to Base7 August 2026
Grayscale Investments withdraws its planned Polkadot, Cardano, and Hedera spot ETF filings from the SEC, with no specific reason given.
Crypto Briefing - Grayscale abandons planned Polkadot, Hedera and Cardano ETF launchesDecision Log
- hash: CCiUvWrsBU8FNKyKgmcd5eLhZzADtAN7xRBHCnFzG6Ad
- hash: 3YuYWpV5WC6snnpk7Qt1T2s2hFd57YvQtzd478LJ5xcn
- hash: 4WFhceFXHbFw1U3DvmhPYuNttHHsaQ2zKV3V4yqA1vRm
This investigation is cryptographically anchored to the Solana blockchain (3 events). 22 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/20/2026, 5:20:51 PM
last updated: 8/25/2026, 7:05:01 AM
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