The Polkadot team spent (https://forum.polkadot.network/t/2024-h1-polkadot-treasury-report/8862) $37,000,000 on marketing campaigns over 6 months. 🙀

🗣 At the current spending rate, Polkadot has funds left for 2 more years – the community criticizes (https://x.com/DefiIgnas/status/1807784567241351286) the high project expenditures on PR that doesn't yield results.

Victor Ji, founder of Manta Network, critiques (https://x.com/victorJi15/status/1808067693238706481) Polkadot also:

▪️Polkadot lacks value for Web3 and isn't user-oriented.

▪️It not truly decentralized.

▪️Manta focuses on Ethereum L2 due to Polkadot's perceived stagnation.