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.
Trading Insights
Buyer Ratio
Traders
2.5K
-35.46%
Buyers
1.6K
-41.99%
Sellers
957
-18.41%
Searched
3.1K
Market Stats
Market Cap
£4.05B
FDV
£4.05B
Circ. Supply
1.6B DOT
Max Supply
Not enough data
Total Supply
1.6B DOT
Performance
Popularity
#25
Dominance
0.16%
Volume (24H)
£438.58M
-25.95%
Volume (7D)
£4.21B
Volume (30D)
£14.00B
All time high
£41.89
Price Change (1Y)
-37.8%
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 0.71% in the last hour and decreased by 5.01% in the past 24 hours. Polkadot’s price has also risen by 10.33% in the past week. The current price is £2.48 per DOT with a 24-hour trading volume of £438.58M. Currently, Polkadot is valued at 94.08% below its all time high of £41.89. This all-time high was the highest price paid for Polkadot since its launch.
The current circulating supply of Polkadot is 1,634,076,074.456 DOT which means that Polkadot has as total market cap of £4,049,865,383.56.
Market details
DOT vs markets
↘ 53.8%
DOT vs BTC
↘ 50.88%
DOT vs ETH
↘ 41.59%
Tags
defi
substrate
polkadot
web3
+2
Network & Addresses
Network | Address | |
|---|---|---|
Polkadot | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £2.48 | ↘ 5.01% |
1 Day | £2.64 | ↘ 5.01% |
1 Week | £2.25 | ↗ 10.33% |
1 Month | £3.09 | ↘ 21.26% |
1 Year | £4.06 | ↘ 37.80% |
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 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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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.