Polkadot DOT
1. Summary
- Price
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$10.08 +6.7%
- Market Cap
- $15.40B (#15)
- Supply
- 1.52B / 1.52B
- Description
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Polkadot is defined as a multi-chain network with the primary goal to connect different, specialized blockchains into one unified network. The blockchains that connect with Polkadot work in parallel as parachains. This in turn allows them to access the Polkadot network’s proof-of-stake validation of transactions as well as security.
Polkadot is defined as a multi-chain network with the primary goal to connect different, specialized blockchains into one unified network. The blockchains that connect with Polkadot work in parallel as parachains. This in turn allows them to access the Polkadot network’s proof-of-stake validation of transactions as well as security.
The network features a relay chain, where transaction addresses are checked and the data is standardized so that every system is able to understand it. The blockchains that do connect to Polkadot can use their own PoS mechanism and decide when and how to update their code and run the dApps or tokens that they choose to.
The DOT Token Explained
DOT is the internal token of the entirety of the Polkadot network which allows holders to vote on potential code changes, which automatically upgrade across the network when consensus is reached.
There is a total of three main purposes when it comes to the usage of DOT tokens on the Polkadot network:
Governance: The holders of the token have control over the protocol, and can manage things such as determining fee structures, protocol changes, and parachain additions or removals.
Operations: DOT token holders need to actively participate and ensure that they maintain the consensus mechanism, or they will be punished for not doing so.
Bonding: Validators will need to stake DOT tokens to the new parachains and receive active participation rewards as a result.
Features of Polkadot
When it comes to the structure of Polkadot, you have the following concepts:
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The Relay Chain – this is the chain that connects all of the individual chains into one, and they can organically solve interoperability issues between the connected chains.
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The Parachains – these are the parallelized chains that run through the entirety of the Polkadot network, and these can help scale up the system as a result of their parallelizing.
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The Parathread – these are quite similar to parachains, however, they have flexible connectivity which is based on an economical pay-as-you-go model.
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The Bridge Chain – through this bridge chain, different blockchains can be connected that do not use the Polkadot governance protocol.
As such, Polkadot is this sharded multichain network that can process many transactions on several chains in parallel. Custom blockchains can also easily be developed through the Substrate framework and can be connected to Polkadot in just a few minutes. Polkadot also features a user-driven governance system that helps secure it.
Founders of Polkadot (DOT)
Polkadot was founded by the Web3 Foundation, and the founders are Dr. Gavin Wood, Robert Habermeier, and Peter Czaban.
Gavin Wood fills the role of the president at the Web3 Foundation and is known due to his industry influence as an Ethereum co-founder, as well as for being the founder of Parity Technologies and creating the smart contract coding language known as Solidity.
Robert Habermeier is a blockchain and cryptography researcher as well as a developer.
Peter Czaban is the Technology Director at Web3 and has experience in fintech industries.
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Price | |
52W High price | $11.46 |
52W High date | 15th Mar 2024 (8 months ago) |
All Time High (ATH) Date | 4th Nov 2021 (3 years ago) |
ATH Price | $54.98 |
% From ATH | -81.63% |
All Time Low (ATL) Date | 20th Aug 2020 (4 years ago) |
ATL Price | $2.70 |
% From ATL | 274.38% |
Supply & Trading Volume | |
Trading Volume (24h) | $2.07B |
Total Supply | 1.52B |
Circulating Supply | 1.52B |
DOT
How does Polkadot's (DOT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
158.0%
DOT
178.1%
Similar Market Cap
60 Day Return
143.4%
DOT
187.2%
Similar Market Cap
1 Year Return
80.0%
DOT
135.4%
Similar Market Cap
We're monitoring 731 Polkadot GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Polkadot Repos)
Commits vs. The Market
- Past 4 weeks: 1,174 commits vs. an average of 1
- Past 12 weeks: 4,162 commits vs. an average of 8
- Past year: 17,123 commits vs. an average of 108
Most Active Repos
Past week | 0 |
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Past 12 weeks | 0 |
Past year | 7763 |
Past week | 0 |
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Past 12 weeks | 0 |
Past year | 4930 |
Past week | 0 |
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Past 12 weeks | 261 |
Past year | 1777 |
Past week | 97 |
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Past 12 weeks | 275 |
Past year | 1204 |
Past week | 22 |
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Past 12 weeks | 199 |
Past year | 1182 |
Past week | 86 |
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Past 12 weeks | 241 |
Past year | 1176 |
Top Developers 2024
In total, 3013 developers have contributed to Polkadot over the past year. Who are the most active Polkadot developers, by commits, over the past year?
Related Projects
Developers working on Polkadot also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | 40,956 |
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Active Reddit Users (past 24h) | 32 |
Discord users | 14 |
Active Discord Users | 2 |
Telegram Users | 26,413 |
Twitter followers | 2M |
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newsbtc.com/news/polkadot-dot/polkadot-dot-must-retest-crucial-support-to-sustain-uptrend-...
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newsbtc.com/news/polkadot-dot/polkadot-dot-must-retest-crucial-support-to-sustain-uptrend-...
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ambcrypto.com/rising-stablecoin-adoption-on-polkadot-is-it-enough-to-drive-dot-prices/
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ambcrypto.com/rising-stablecoin-adoption-on-polkadot-is-it-enough-to-drive-dot-prices/
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decrypt.co/294049/hydration-unveils-decentralized-borrowing-platform-on-polkadot
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decrypt.co/294049/hydration-unveils-decentralized-borrowing-platform-on-polkadot
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cryptoslate.com/press-releases/hydration-unveils-decentralized-borrowing-platform-on-polka...
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cryptoslate.com/press-releases/hydration-unveils-decentralized-borrowing-platform-on-polka...
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forum.polkadot.network/t/openux-call-7-2024-11-28-meeting-minutes/10999 Official
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forum.polkadot.network/t/openux-call-7-2024-11-28-meeting-minutes/10999 Official
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forum.polkadot.network/t/openux-call-7-2024-11-28-meeting-minutes/10999 Official
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forum.polkadot.network/t/ocelloids-updates-new-features-and-enhancements/10968 Official
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forum.polkadot.network/t/ocelloids-updates-new-features-and-enhancements/10968 Official
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forum.polkadot.network/t/ocelloids-updates-new-features-and-enhancements/10968 Official
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forum.polkadot.network/t/ocelloids-updates-new-features-and-enhancements/10968 Official
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newsbtc.com/news/polkadot-dot/polkadot-q3-digest-examining-the-networks-growth-challenges-...
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newsbtc.com/news/polkadot-dot/polkadot-q3-digest-examining-the-networks-growth-challenges-...
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newsbtc.com/news/polkadot-dot/polkadot-q3-digest-examining-the-networks-growth-challenges-...
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newsbtc.com/news/polkadot-dot/polkadot-q3-digest-examining-the-networks-growth-challenges-...
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ambcrypto.com/polkadot-slides-below-10-why-are-bears-targeting-7-09/
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ambcrypto.com/polkadot-slides-below-10-why-are-bears-targeting-7-09/
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ambcrypto.com/polkadot-slides-below-10-why-are-bears-targeting-7-09/
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ambcrypto.com/polkadot-slides-below-10-why-are-bears-targeting-7-09/
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ambcrypto.com/polkadot-slides-below-10-why-are-bears-targeting-7-09/
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://polkadot.network/ |
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Explorer | http://polkascan.io/ |
@Polkadot | |
/r/dot | |
Whitepaper | https://polkadot.network/PolkaDotPaper.pdf |
Has Polkadot been audited for security?
No security audits found for this project.
Are you the owner of Polkadot? Edit it here
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