Polkadot's Revenue Decreases 32% in Q2, Acala and Moonbeam Re-lease Their Parachain Slots
Polkadot remained committed to the development and expansion of its network in Q2, exhibiting consistency in key network fundamentals such as staking, treasury usage, and parachain activity. Noteworthy milestones achieved during this period include the launch of OpenGov, introducing an advanced governance model, and the introduction of XCM V3 on Polkadot’s mainnet.
Polkadot Leads in Developer Activity, but DOT Token Lags Behind in Market Value: Santiment Study Reveals Surprises in Crypto Space
Recent studies have shown that Polkadot is leading in developer activity among multi-chain cryptocurrency networks, despite its native token DOT remaining stagnant in the market.
Polkadot's Funding and Development Activity Decline in Q2, but Market Indicators Suggest Uptrend for DOT
July 4 (Cointime) - Polkadot's funding and development activity declined in Q2, but market indicators suggest a potential uptrend for the token. Funding for Polkadot's R&D activity has increased since the last quarter of 2021, with Astar Network, Unique Network, and Darwinia receiving the most funding.
Polkadot Focuses on Artificial Intelligence to Secure Foundation of Web3.0 and DAO-Based Innovation
July 4 (Cointime) - Polkadot is standing out from other blockchain protocols by focusing on artificial intelligence (AI) and has seen significant growth in its ecosystem with respect to AI advances.
Bitcoin Volatility Continues as SEC Returns ETF Applications, Short-Term Holders Send Coins to Exchanges
July 1 (Cointime) - Bitcoin had a volatile trading session on the last day of the quarter, with short-term holders sending over 35,000 coins to exchanges, indicating nervousness among speculators. The SEC returned applications for a Bitcoin spot-price ETF due to a technical issue, causing a knee-jerk reaction, but the downside was limited as asset managers can refile after providing necessary clarifications. Meanwhile, XRP/USDT may drop to $0.41, but this level could attract strong buying from the bulls, and Polkadot's price is being supported by bullish investors attempting to break the overhead hurdle at $5.15. It is important to note that this article is for informational purposes only and does not provide investment advice.
Polkadot's Price Consolidation Above $5 Amidst Fluctuating Open Interest Rates and Neutral Sentiment
June 28 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Polkadot (DOT) has recovered from substantial losses in early June but has not yet reclaimed its April high of $7. DOT's price action has been constricting within the $5.0 - $5.21 range since 23 June and unless Bitcoin gives a clear direction, DOT's short-term range bound could persist. Open Interest (OI) rate fluctuations below $140 million have been marked by DOT's fluctuations above $5.0.
Cosmos and Polkadot Experience Similar Growth in Development Activity, While Social Engagements Decline
June 27 (Cointime) - Both Cosmos and Polkadot have seen significant growth in development activity, with an increase in active developers on both protocols. However, social engagements and sentiment have declined for both. Despite this, stakers remain optimistic, with a significant growth in the number of stakers for CosmosHub in the last month. Polkadot has also experienced growth in activity and revenue, with a surge in daily active users. The two tokens have experienced price increases in recent weeks, but there has been a notable divergence in volume and price between the two.
Peaq and Fetch.ai Collaborate to Introduce Multi-Chain Self-Sovereign Machine Identities for Interoperability in Web3 Space
June 26 (Cointime) - Peaq and Fetch.ai have joined forces to introduce Self-Sovereign Machine Identities that allow for seamless data exchange and identification between vehicles, robots, and devices on Polkadot and Cosmos ecosystems. This technology has the potential to revolutionize connectivity and efficiency by facilitating decentralized data exchanges and enhancing coordination.
Polkadot's Open Interest Declines, Suggesting Possible Trend Reversal
June 20 (Cointime) - Polkadot's Open Interest has decreased, indicating a possible trend reversal. Despite high development activity and network activity, DOT's 24-hour chart showed a decline. Polkadot ranks second to Ethereum in terms of weekly code commits, according to Polkadot Insider.
Polkadot Launches OpenGov, Empowering Community Governance in Web3
June 16 (Cointime) - Polkadot, a blockchain platform for Web3 interoperability, has launched its open governance platform, Polkadot OpenGov. This marks a new era of fully autonomous decision-making, where the entire process is handed over to the DOT community.
