{"id":258976,"date":"2022-09-22T04:00:55","date_gmt":"2022-09-21T22:30:55","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=258976"},"modified":"2022-09-21T16:59:34","modified_gmt":"2022-09-21T11:29:34","slug":"will-polkadots-network-achievements-garner-some-support-for-an-ailing-dot","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-polkadots-network-achievements-garner-some-support-for-an-ailing-dot\/","title":{"rendered":"Will Polkadot’s network achievements garner some support for an ailing DOT"},"content":{"rendered":"

Development activity on Polkadot [DOT] reached an all-time high among other blockchains. This is a major feat for the network as it continues to thrive by introducing upgrades at regular intervals.<\/p>\n

Polkadot Insider, a Polkadot-dedicted Twitter handle, also posted an update about this milestone in a recent post<\/a>. Will these developments have any meaning for the DOT token?<\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Nothing here for DOT<\/h3>\n

Despite positive developments, the token continued to suffer from the ongoing bear market conditions. The past week or so led to DOT witnessing a major drop in prices.<\/p>\n

Scallop, a popular crypto-exchange platform, mentioned<\/a>\u00a0that DOT was among the top three most trending coins on its platform. This seemed to be a positive development as it reflected the popularity of the coin.\u00a0Additionally, CoinEX Global also named<\/a> Polkadot as one of the top five Financial Income Cryptos.<\/p>\n

That is not all for Polkadot. The blockchain reported steady data for its parachains in the past 24 hours. Additionally, Polkadot Insider reported<\/a> that Moonbeam’s GLMR token headlines the top traded token on Polkadot at $12.5 million.<\/p>\n

This was followed by a far distant second Moonriver’s MOVR token at $6.3 million. The top three list concluded with Astar’s ASTR token with a $4.3 million traded volume.<\/p>\n

\"\"<\/a>
Source: Polkadot Insider<\/figcaption><\/figure>\n

The same entity also reported on a Polkadot weekly recap recently in another tweet. Per this tweet, Polkadot witnessed over $77 million worth transfer volume in the past week. The network was also able to register a daily average of 1,200 new accounts.<\/p>\n

\n

On-chain data shows many potential points. Let's take a look at the On-chain overview of @Polkadot<\/a> below \ud83d\udc47<\/p>\n

The data includes:
\ud83d\udc49Daily Transfer Amount
\ud83d\udc49On-Chain Data
\ud83d\udc49Dail New Account
#Dot<\/a> #Polkadot<\/a> $DOT<\/a> #OnChain<\/a> pic.twitter.com\/t6dRXql54Z<\/a><\/p>\n

— Polkadot Insider \ud83d\udc02\u2b55\ufe0f (@PolkadotInsider) September 19, 2022<\/a><\/p><\/blockquote>\n