About Polkadot
Polkadot is a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Polkadot aims to achieve high degrees of security and scalability. DOT serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains.
Happening now
AI generated 46m ago
DOT shows signs of recovery with roughly
↗11.61%
outperformance versus Layer 1 protocols over the past week, despite facing significant yearly challenges in the competitive landscape.
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Trading Insights
Buyer Ratio
Traders
2.1K
-45.63%
Buyers
1.4K
-51.87%
Sellers
818
-34.4%
Searched
2.7K
Market Stats
Market Cap
ARS 7.06T
FDV
ARS 7.06T
Circ. Supply
1.6B DOT
Max Supply
Not enough data
Total Supply
1.6B DOT
Performance
Popularity
#26
Dominance
0.15%
Volume (24H)
ARS 599.42B
-53.73%
Volume (7D)
ARS 7.59T
Volume (30D)
ARS 20.41T
All time high
ARS 77.46K
Price Change (1Y)
-41.26%
Additional details
Market details
DOT vs markets
↘ 56.22%
DOT vs BTC
↘ 53.58%
DOT vs ETH
↘ 44.9%
Tags
defi
substrate
polkadot
web3
+2
Network & Addresses
Network | Address | |
|---|---|---|
Polkadot | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 4,321.78 | ↘ 4.65% |
1 Day | ARS 4,545.18 | ↘ 4.73% |
1 Week | ARS 4,259.08 | ↗ 3.84% |
1 Month | ARS 5,917.87 | ↘ 23.70% |
1 Year | ARS 5,902.88 | ↘ 41.26% |
Coinbase insights
Happening now
AI generated 46m ago
DOT shows signs of recovery with roughly
↗11.61%
outperformance versus Layer 1 protocols over the past week, despite facing significant yearly challenges in the competitive landscape.
Recent gains contrast yearly struggles
DOT outperformed Layer 1 protocols by roughly
↗11.61%
over the past week, though it still trails the category by approximately
↘77.14%
over the past year.
Mixed positioning among peers
DOT ranks 15th among Layer 1 protocols for yearly performance but sits at 25th for hourly price movement, while maintaining 11th place for trading volume within the category.
What to watch next
The key question is whether this weekly outperformance signals a genuine recovery or just temporary strength in DOT's longer-term downtrend against other Layer 1 protocols.
Recent trends
The latest DOT price is ARS 4,321.78. Compared to Polkadot's value of ARS 4,545.18 from 24 hours ago, there's been a -5% decrease, while the current price is 4% up from ARS 4,259.08 which was recorded one week ago. Polkadot's all time high is ARS 77,463.27, which was reached on November 4, 2021. This is a -94% change from its price today.
The market cap is currently ARS 7.06T, which is a result of multiplying the current price of Polkadot(ARS 4,321.78) by the total supply(1,634,181,095 DOT). The fully diluted valuation of Polkadot is ARS 7.06T. The diluted valuation of Polkadot is ARS 7.06T.
Polkadot had 1,400 buyers, 818 sellers and total 2,120 trades in the last 24h. Polkadot was searched 2,673 times in the last 24h.
FAQ
Polkadot (DOT) is an open-source multichain protocol that seeks to connect and secure a network of specialized blockchains. It aims to facilitate the cross-chain transfer of any data or asset types, not just tokens, striving to make blockchains interoperable with each other. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains. As a metaprotocol, Polkadot has the ability to update its own codebase via on-chain governance according to the will of its token holder community. The Polkadot protocol seeks to connect public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain.
Polkadot operates through four core components: the Relay Chain, Parachains, Parathreads, and Bridges. The Relay Chain is the heart of Polkadot, helping to create consensus, interoperability, and shared security across the network of different chains. Parachains are independent chains that can have their own tokens and be optimized for specific use cases. Parathreads are similar to parachains but with flexible connectivity based on an economical pay-as-you-go model. Bridges allow parachains and parathreads to connect and communicate with external blockchains. Polkadot's native DOT token has three main functions: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Polkadot news
Trending articles
Social stats
Popularity in posts
#121
Contributors
810
Posts
810
% About Polkadot
0.155%
Hold times
0 days
X (Twitter)
31.82% bullish
Sentiment
3.8 ★
Highlights
810 unique individuals are talking about Polkadot and it is ranked #121 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polkadot has an average sentiment score of 3.8 out of 5. Finally, Polkadot is becoming less newsworthy, with 0 news articles published about Polkadot.
On Twitter, people are mostly neutral about Polkadot. There were 36.72% of tweets with bullish sentiment compared to 15.38% of tweets with a bearish sentiment about Polkadot. 63.28% of tweets were neutral about Polkadot. These sentiments are based on 10766 tweets.
On Reddit, Polkadot was mentioned in 34 Reddit posts and there were 96 comments about Polkadot. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Analysis
Bulls say
Polkadot’s innovative design seeks to provide scalability by processing transactions on several parallel chains. This approach could increase its relevance as the demand for blockchain solutions grows.
Read more
Bears say
Polkadot’s complexity in connecting various blockchains could pose challenges for widespread adoption, as ease of use is critical for new users.
Read more
Polkadot calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.