Polkadot’s DAO approves a hard cap on its native token, setting the supply limit at 2.1 billion DOT tokens, moving away from the previous inflationary model. The total supply currently stands at 1.5 billion tokens, with a gradual reduction in issuance planned every two years on Pi Day.

Polkadot launches Polkadot Capital Group to connect Wall Street firms with its blockchain infrastructure, aiming to help institutions explore crypto opportunities in asset management, banking, venture capital, and more. The division will promote DeFi, staking, and RWA tokenization use cases.

Despite the potential long-term benefits of limiting the DOT supply to increase scarcity and reduce inflation, the Polkadot token price has dropped by 5% since the announcement, falling from $4.35 to $4.15. This change aims to make the token more predictable for investors.

Read more at Cointelegraph: Polkadot DAO Approves 2.1B Hard Cap on DOT Supply