Why Top Gaming Blockchain Ditched Ethereum For Polkadot?
Polkadot, a network protocol that allows a multi-chain application environment, has been experiencing significant development activity in recent weeks. According to digital asset market intelligence platform Santiment, Polkadot topped the list of crypto networks with the highest development activity in terms of Github commits in the last 30 days, followed by Kusama and Cardano. Despite this, the price of Polkadot's $DOT altcoin has dropped by 7% compared to a week ago, largely following the overall macro-environment dynamics of the crypto market. In a recent development, game technology company Mythical Games has migrated its Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network. However, this move has not yet had a significant impact on the price of the Polkadot altcoin. (coingape)
Social Media App MeWe to Bring Frequency Blockchain's Self-Sovereign Identity to Its 20M Users
MeWe, a social networking app with 20 million users, is adopting the Frequency blockchain, built on Polkadot, to bring self-sovereign blockchain-based identities to its users. The integration will allow MeWe's users to take control of their identity data and act as a foundation for controlling the data they have on social networks.
Polkaswap: New Business Model for DEX Liquidity
Polkaswap decentralized exchange (DEX) is breaking new ground in DeFi business models with its DEX-as-a-service offering.
Polkadot Registers Trademark for Blockchain Communication Platform
Polkadot, which describes itself as a "layer 0 blockchain," has filed a trademark registration for what appears to be a blockchain-based messaging application, according to a recent filing.
Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th
On April 6th, Astar Network will become the first Polkadot parachain to support a stable WASM environment by enabling ink! smart contracts.
Bifrost Finance, the Gateway To Cross-Chain Liquid Staking on Polkadot
Bifrost Finance is a new blockchain-based platform that is designed to provide a gateway for cross-chain liquid staking on Polkadot. The platform is designed to make it easier for users to participate in staking on multiple chains, and could help to improve the overall efficiency and functionality of the Polkadot ecosystem.
DeFi Platform Lido to Cease Staking on Polkadot, Kusama in August
Decentralized finance (DeFi) staking service Lido will end its staking program on Polkadot and Kusama on August 1 due to adoption and growth not meeting "business case expectations to sustain investment," according to Lido developer MixBytes. The move follows challenged macroeconomic factors and a lack of liquidity in Polkadot's DeFi ecosystem, MixBytes noted. Lido is a liquid staking protocol that allows users to use staked ether (stETH) on other protocols and blockchains while reaping the staking rewards. Deposits are no longer being accepted on Polkadot and Kusama, and on June 22 all assets will be automatically unstaked.
Polkadot’s GitHub Developer Community Hit ATH Activity Levels in Q3’22
On March 22, Proof of Github highlighted the daily development activity. The price of DOT at the time of writing is $6.30 — up 4.15% in the last 24 hours at press time.
Polkadot To Fall To This Support Level Before Resuming Uptrend
Polkadot price noted a fresh decline on its one-day chart. The price of the altcoin has moved closer to its crucial support line in the same time frame. Over the last 24 hours, DOT has lost around 4% of its market value, and in the last week, DOT secured a 6% appreciation.
Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama
Decentralized finance (DeFi) protocol Lido Finance proposed sunsetting liquid staking on the Polkadot and Kusama ecosystems, according to a proposal posted to Lido’s governance forum on Tuesday.
