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.
Buy Polkadot
Trading Insights
Buyer Ratio
Traders
3K
65.96%
Buyers
2.2K
90.14%
Sellers
878
25.97%
Searched
1.9K
Market Stats
Market Cap
£4.77B
FDV
£4.77B
Circ. Supply
1.6B DOT
Max Supply
Not enough data
Total Supply
1.6B DOT
Performance
Popularity
#24
Dominance
0.17%
Volume (24H)
£360.92M
112.69%
Volume (7D)
£3.07B
Volume (30D)
£5.89B
All time high
£40.82
Price Change (1Y)
-7.75%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Staked assets: Staked crypto-assets (e.g. staked ETH, staked ATOM) are locked on the relevant blockchain protocol in order to secure the network and earn rewards.
Slashing risk: By electing to stake your assets, you risk potential loss if the network penalizes your validator for malfeasance, whether intentional or due to software issues. Some staking service providers (including Coinbase) will reimburse slashing losses when the validator operator is at fault.
Liquidity risk: Some protocols require staked assets to be locked for a period or time, which can prevent you from accessing or selling your assets quickly. You can find further information on staking lock-up periods here.
APY not guaranteed: The yield or reward rate you get from staking your assets is determined by the relevant protocol and is not guaranteed and may vary over time. You can find more information on how our staking APYs are calculated here.
Protocol risks: Staking protocols are often continually evolving. Changes or updates to the consensus mechanism can introduce new vulnerabilities or unforeseen outcomes.
Additional details
Recent trends
The price of Polkadot has decreased by 0.18% in the last hour and decreased by 6.70% in the past 24 hours. Polkadot’s price has also fallen by 3.17% in the past week. The current price is £2.94 per DOT with a 24-hour trading volume of £360.92M. Currently, Polkadot is valued at 92.80% below its all time high of £40.82. This all-time high was the highest price paid for Polkadot since its launch.
The current circulating supply of Polkadot is 1,619,593,007.06 DOT which means that Polkadot has as total market cap of £4,765,492,560.99.
Market details
DOT vs markets
↘ 47.91%
DOT vs BTC
↘ 48.05%
DOT vs ETH
↘ 42.97%
Tags
defi
substrate
polkadot
web3
+2
Network & Addresses
Network | Address | |
|---|---|---|
Polkadot | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £2.94 | ↘ 6.70% |
1 Day | £3.13 | ↘ 6.70% |
1 Week | £3.02 | ↘ 3.17% |
1 Month | £3.00 | ↘ 2.21% |
1 Year | £3.24 | ↘ 7.75% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Polkadot (DOT) is an open-source multichain protocol that seeks to connect 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 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 standards 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 (proof-of-stake), facilitating network governance, and bonding tokens to connect parachains.
Polkadot seeks to provide a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions, and services. It can connect public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to trustlessly share information and transactions. This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school’s private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain.
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional, and easier to use decentralized web. Polkadot’s founders are Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Wood, Web3 Foundation’s president, is recognized in the industry as Ethereum co-founder, Parity Technologies founder, and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3. Polkadot concluded its first Parachain auctions at the end of 2021, assigning the first five slots to the following auction winners: Acala, Moonbeam, Astar, Parallel, and Clover. These projects will have their parachain slots locked in for 96 weeks, guaranteed by the DOT bidders committed as collateral.
We update our Polkadot to GBP currency in real-time. Get the live price of Polkadot on Coinbase.
The current market cap of Polkadot is £4.77B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polkadot is £40.82. This all-time high is highest price paid for Polkadot since it was launched.
Over the last 24 hours, the trading volume of Polkadot is £360.92M.
Assets that have a similar market cap to Polkadot include SHIBA INU, Mantle, Toncoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Polkadot is 1.6 billion.
Polkadot ranks 20 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 98% of Coinbase users are buying Polkadot. In other words, 98% of Coinbase customers have increased their net position in Polkadot over the past 24 hours through trading.
Yes, Polkadot is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Polkadot guide.
Polkadot news
Trending articles
Social stats
Popularity in posts
#62
Contributors
1,331
Posts
3,891
% About Polkadot
0.27%
Hold times
0 days
X (Twitter)
44.17% bullish
Sentiment
4.1 ★
Highlights
1,331 unique individuals are talking about Polkadot and it is ranked #62 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 81 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 47.94% of tweets with bullish sentiment compared to 8.54% of tweets with a bearish sentiment about Polkadot. 52.06% of tweets were neutral about Polkadot. These sentiments are based on 3870 tweets.
On Reddit, Polkadot was mentioned in 2 Reddit posts and there were 0 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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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.