"Polkadot Graph Analysis" is an ongoing research project investigating the dynamics of a cryptocurrency network through transaction graph analysis. The project involves extracting and analyzing data from the Polkadot blockchain to understand transaction patterns, network structure, and potential anomalies. The contributions will span a broad spectrum: Beginning with the definition and categorization of transactions in the Polkadot network, the project's main goal is to design and build the full transaction graph to support further analysis rooted in sound graph theory. This analytical approach will allow the application of several metrics, including degree distribution, strongly/weakly connected components, density, and various centrality measures that will be useful in assessing many properties of the Polkadot network.