polka dots [DOT] buyers ought to pay attention to these updates earlier than pulling out – AMBCrypto Information

Polkadot is experiencing what we call a shake-up after mixed emotions surfaced on the network. Despite recent growth on the network, its development activity has slowed down of late. In fact, according to data analytics platform Santiment, Polkadot has been seeing a reverse trend in development activity over the last few days.

Polkadot had a period of high activity from developers between early July and early September. Alas, the rush has since calmed down, with the network soon stagnating on that front.

Source: Santiment

Anything new here?

Recently, a Twitter user (@DonnieBigBags) shared an update on Polkadot’s growing NFT ecosystem. In doing so, the analyst shed light on the growing volume of Polkadot-based GMR token which crossed 1 million in volume on Raresama.com in just a week.

In just over 515 sales, two available NFT collections accumulated this amount. This underlined Polkadot’s growing popularity in NFT marketplaces, as well as its acceptance among users.

🔥🔥🔥https://t.co/o3lxFSGPsp has hit 1,000,000 $GLMR in volume already.

Live for a week, only 2 NFT collections. 0 institutional backing. 100% of fees goes to the [email protected] @ParityTech hope you’re paying attention.

The $DOT NFT ecosystem is starting. pic.twitter.com/4CT147XTGm

— Donnie 💩 (@DonnieBigBags) September 10, 2022

What now for DOT?

Despite the aforementioned slowdown, Polkadot has seen accumulation ramp up among whales of late. According to a WhaleStats update, Polkadot is one of the most used smart contracts among top 500 BSC whales today.

This, a timely boost for a community which saw DOT drop down to $6.7 on 7 September. However, the altcoin has seen swift recovery since, with the crypto trading at $7.72 at press time. One of the key drivers behind this hike is the release of a new upgrade by Polkadot’s developers. Polkadot developers recently launched a new network upgrade to modify the Polkadot Runtime to v9270.

After the upgrade was launched, DOT’s price reciprocated and started gaining northbound momentum. This pressure pushed DOT’s weekly gains to around 7%, according to CoinMarketCap. Despite a recent recovery in prices, Polkadot’s charts revealed a worrying pattern for its trading volume.

The network was able to record a daily volume of more than 600 million frequently in August. On the contrary, September has seen a trend reversal of late. In the last 24 hours alone, Polkadot has recorded a 43% dip in volume.

Source: Santiment


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman
Crypto Value In the present day: Bitcoin Recovers $20,000;  Solana & Polkadot acquire as much as 8% – Financial Instances Polkadot

Crypto Value In the present day: Bitcoin Recovers $20,000; Solana & Polkadot acquire as much as 8% – Financial Instances

New Delhi: Crypto tokens traded sharply higher on Tuesday after a solid loss for...

By Roger Gofman
Lucy Boynton pairs a denim jacket with a polka dot skirt whereas filming scenes for romantic comedy – Day by day Mail Polkadot

Lucy Boynton pairs a denim jacket with a polka dot skirt whereas filming scenes for romantic comedy – Day by day Mail

Lucy Boynton pairs a denim jacket with a polka dot skirt while filming scenes...

By Roger Gofman
Bitcoin Options With Huge Development Potential In 2022 – ReadWrite Polkadot

Bitcoin Options With Huge Development Potential In 2022 – ReadWrite

Bitcoin was introduced in 2009, but a person or group of people named Satoshi...

By Roger Gofman
Staking Replace: August-September 2022 Polkadot

Staking Replace: August-September 2022

See the full list of monthly staking updates here. These updates have been written...

By Roger Gofman
Dot sample [DOT]: Does a drop on this entrance imply a drop on this entrance – AMBCrypto Information Polkadot

Dot sample [DOT]: Does a drop on this entrance imply a drop on this entrance – AMBCrypto Information

Dot pattern, she had one high development activity For quite some time we've been...

By Roger Gofman
Metacryp’s Stress-free Gameplay, Polkadot’s Canary Community, and Polygon’s Versatile Framework – Euro Weekly Information Polkadot

Metacryp’s Stress-free Gameplay, Polkadot’s Canary Community, and Polygon’s Versatile Framework – Euro Weekly Information

If you go to coinmarketcap.com today, you will probably be surprised by the number...

By Roger Gofman
Will Crypto Leaders Polygon and Polkadot Be Outperformed by New Gaming Token Moshnake – Tekedia? Polkadot

Will Crypto Leaders Polygon and Polkadot Be Outperformed by New Gaming Token Moshnake – Tekedia?

Over the past few weeks, the upcoming BNB Smart Chain (BNB) based asset, Moshnake...

By Roger Gofman

Latest Posts

Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman
CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes;  CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate Binance

CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes; CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate

Some of the biggest news in the cryptosphere for September 27 include Binance's new...

By Roger Gofman
Ethereum

ÐΞVcon-0 Recap

Day 1 - Monday 24th Nov - ÐΞV: Mission and Processes The first day...

By Roger Gofman
ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH) Videos

ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH)

ITS HAPPENING AGAIN (History Repeating)!! Ethereum Price Prediction, Bitcoin News Today (BTC & ETH)...

By Roger Gofman
Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch Dogecoin

Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch

It is possible to see an upward trend in transaction volume with the new...

By Roger Gofman
Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time Cardano

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time

Alex Dovbnya A Swiss crypto wealth management app has added support for the Cardano...

By Roger Gofman
Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman
Gav’s Ethereum ÐΞV Replace IV Ethereum

Gav’s Ethereum ÐΞV Replace IV

Time for another update! A lot has happened since ÐΞVcon-0, our internal developer conference....

By Roger Gofman