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The decentralized independent Polkadot organization approves a proposal to limit the supply of DOT to 2.1 billion.

In the context of its long-term impact forecast for this move, the Polkadot team indicated that the Transportation Department's supplies will reach approximately 1.9 billion, which would have reached 3.4 billion without this upgrade. A user expressed his appreciation for this development, stating that "the 2.1 billion dollar cap initiative is excellent, and it is a crucial step towards achieving long-term value."

The current Polkadot model adds 120 million DOT tokens to circulation annually. This has resulted in a total supply of 1.61 billion DOT tokens. Often, this excessive increase in the circulating supply of tokens leads to unhealthy market dynamics. If the demand for the tokens is low and the issuance is high, it will significantly impact their market price.

At the time of writing this report, the price of DOT was trading at around $4.34, with a market cap of $7.03 billion. Despite the importance of referendum 1710, the price of DOT experienced sluggish movement, barely surpassing $4.6 last week. It is currently considered the twenty-fourth largest cryptocurrency by market cap.