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Polkadot 2023 Q4 status report: DOT’s circulating market value increased by 111% month-on-month

Messari released the Polkadot 2023 Q4 status report. Among them: the monthly active addresses of parallel chains increased by 93% compared to the previous month, from 104,000 to 200,000. The XCM transfer volume increased by 150% compared to the previous month, reaching a historical high of 133,000 transactions. As of the end of the year, the total number of active XCM channels reached 203, and it will nearly double by 2023. As of December, Polkadot has 800 full-time developers and a total of 2,100 developers. According to Electric Capital's data, Polkadot ranks among the top three cryptocurrency ecosystems in terms of developer rankings. In addition, the circulating market value of DOT increased by 111% compared to the previous month to US$8.38 billion. The growth in the fourth quarter led to a year-on-year increase of 94%, making it one of the top 15 cryptocurrency projects in terms of market value.

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