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How to Buy Polkadot
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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 5h ago
Following a significant daily price increase, investors are watching whether DOT can sustain its recent momentum against a backdrop of longer-term price declines and recent volatility.
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Sign me up3.8K
33.9%
2.8K
34.59%
1.3K
46.76%
5.1K
₹460.06B
₹460.06B
1.6B DOT
Not enough data
1.6B DOT
#25
0.16%
₹81.94B
101.8%
₹520.26B
₹2.34T
₹4.89K
-31.22%
DOT vs markets
↘ 49.47%
DOT vs BTC
↘ 48.21%
DOT vs ETH
↘ 36.72%
Tags
defi
substrate
polkadot
web3
+2
Network | Address | |
|---|---|---|
Polkadot | NA |
Time | Price | Change |
|---|---|---|
Today | ₹279.33 | ↗ 12.08% |
1 Day | ₹250.94 | ↗ 12.08% |
1 Week | ₹260.40 | ↗ 8.62% |
1 Month | ₹367.29 | ↘ 22.97% |
1 Year | ₹391.02 | ↘ 31.22% |
AI generated 5h ago
Following a significant daily price increase, investors are watching whether DOT can sustain its recent momentum against a backdrop of longer-term price declines and recent volatility.
DOT sees strong daily price and volume gains
Polkadot's price increased
↗14%
in the last 24 hours and is up
↗11%
over the past week. This move was accompanied by a
↗113%
surge in daily trading volume, indicating a sharp rise in market activity.
Recent gains contrast with monthly decline
These recent gains are set against a longer-term trend, with DOT's price remaining down
↘23%
over the past month. More recent data also shows volatility, with the price declining
↘8%
in the last eight hours.
Polkadot ecosystem makes key updates
Over the past year, the project has seen several key developments, including the launch of a decentralized stablecoin by Hydration
and the creation of an
institutional armto connect with traditional finance. Additionally, the Polkadot community approved a proposal to
cap the DOT supply.
The latest DOT price is ₹279.33. Compared to Polkadot's value of ₹250.94 from 24 hours ago, there's been a 12% increase, while the current price is 9% up from ₹260.40 which was recorded one week ago. Polkadot's all time high is ₹4,888.38, which was reached on November 4, 2021. This is a -94% change from its price today.
The market cap is currently ₹460.06B, which is a result of multiplying the current price of Polkadot(₹279.33) by the total supply(1,634,068,412 DOT). The fully diluted valuation of Polkadot is ₹460.06B. The diluted valuation of Polkadot is ₹460.06B.
Polkadot had 2,755 buyers, 1,268 sellers and total 3,756 trades in the last 24h. Polkadot was searched 5,058 times in the last 24h.
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.
Trending articles
Popularity in posts
#137
Contributors
695
Posts
695
% About Polkadot
0.131%
Hold times
0 days
X (Twitter)
32.21% bullish
Sentiment
3.9 ★
Highlights
695 unique individuals are talking about Polkadot and it is ranked #137 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 3.9 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 36.81% of tweets with bullish sentiment compared to 14.29% of tweets with a bearish sentiment about Polkadot. 63.19% of tweets were neutral about Polkadot. These sentiments are based on 7647 tweets.
On Reddit, Polkadot was mentioned in 46 Reddit posts and there were 140 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
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
Polkadot’s complexity in connecting various blockchains could pose challenges for widespread adoption, as ease of use is critical for new users.
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