{"id":302431,"date":"2023-04-03T17:00:41","date_gmt":"2023-04-03T11:30:41","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=302431"},"modified":"2023-04-03T12:42:53","modified_gmt":"2023-04-03T07:12:53","slug":"how-dot-can-revive-its-declining-fortunes-with-the-help-of","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/how-dot-can-revive-its-declining-fortunes-with-the-help-of\/","title":{"rendered":"How DOT can revive its declining fortunes, with the help of&#8230;."},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Polkadots\u2019s development activity was higher than others, but revenue and fees declined.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">DOT\u2019s price supported the bears as it went down by over 3% in the last 24 hours.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Polkadot [DOT]<\/span><span style=\"font-weight: 400;\"> maintained its number one spot on the list of blockchains in terms of monthly development activity. This was a commendable feat, as the blockchain remained consistent with its updates.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">GitHub Monthly Development Activity: <\/p>\n<p>#1: 616 Polkadot \/ Kusama<br \/>#2: 511 Cardano<br \/>#3: 387 Internet Computer<br \/>#4: 368 Status<br \/>#5: 359 Hedera<br \/>#6: 350 Ethereum<br \/>#7: 333 Cosmos<br \/>#8: 291 Decentraland<br \/>#9: 288 ChainLink<br \/>#10: 270 Aptos <a href=\"https:\/\/t.co\/BGR8Eu5MMN\">pic.twitter.com\/BGR8Eu5MMN<\/a><\/p>\n<p>&mdash; ProofofGitHub (@ProofofGitHub) <a href=\"https:\/\/twitter.com\/ProofofGitHub\/status\/1642195181314162688?ref_src=twsrc%5Etfw\">April 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/polkadot-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polkadot\u2019s [DOT] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">It was interesting to note that while Polkadot&#8217;s developers continued to improve the blockchain, the network\u2019s revenue declined over the last 30 days. A similar trend was prevalent with the blockchain\u2019s fees. Therefore, the overall data suggested less usage of the Polkadot network.<\/span><\/p>\n<figure id=\"attachment_302432\" aria-describedby=\"caption-attachment-302432\" style=\"width: 1582px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal.jpg\"><img decoding=\"async\" class=\"wp-image-302432 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal.jpg\" alt=\"\" width=\"1582\" height=\"591\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal.jpg 1582w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal-300x112.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal-1024x383.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal-768x287.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/DOT-Token-Terminal-1536x574.jpg 1536w\" sizes=\"(max-width: 1582px) 100vw, 1582px\" \/><\/a><figcaption id=\"caption-attachment-302432\" class=\"wp-caption-text\">Source: Token Terminal<\/figcaption><\/figure>\n<h3><strong>These updates can help Polkadot recover<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Nonetheless, the hope for an increase in revenue remains, as suggested by Polkadot Insider\u2019s tweet on 2 April. Notably, Nona Wallet, which is a wallet for the Polkadot ecosystem, announced its support for <a href=\"http:\/\/ambcrypto.com\/category\/ethereum-news\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The release also laid the foundation for providing support for other EVMs over the coming months. Apart from this, Acala Network also launched the Multichain Asset Hub Router v0.1. The latest version supports bridging assets from any chain to any parachain powered by Polkadot.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/hashtag\/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw\">#Polkadot<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Kusama?src=hash&amp;ref_src=twsrc%5Etfw\">#Kusama<\/a> ecosystems are growing impressively with great news on a daily basis \ud83d\uddde\ufe0f<\/p>\n<p>Polkadot Insider is pleased to bring you the recap of highlight events in the <a href=\"https:\/\/twitter.com\/Polkadot?ref_src=twsrc%5Etfw\">@Polkadot<\/a> and <a href=\"https:\/\/twitter.com\/kusamanetwork?ref_src=twsrc%5Etfw\">@kusamanetwork<\/a> ecosystems in the last 72hrs \ud83d\udcf0<\/p>\n<p>Check it out  \ud83d\udc47\ud83e\uddf5<a href=\"https:\/\/twitter.com\/hashtag\/DOT?src=hash&amp;ref_src=twsrc%5Etfw\">#DOT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/KSM?src=hash&amp;ref_src=twsrc%5Etfw\">#KSM<\/a>\u2026 <a href=\"https:\/\/t.co\/xJiczLYdhr\">pic.twitter.com\/xJiczLYdhr<\/a><\/p>\n<p>&mdash; Polkadot Insider \ud83d\udc02\u2b55\ufe0f (@PolkadotInsider) <a href=\"https:\/\/twitter.com\/PolkadotInsider\/status\/1642362977658765313?ref_src=twsrc%5Etfw\">April 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Traction is registered on the NFT front\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">While the aforementioned developments suggested the possibility of an increase in network usage,<\/span> <a href=\"http:\/\/ambcrypto.com\/polkadot-formed-a-range-on-charts-watch-out-for-these-levels-for-a-reversal\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polkadot<\/span><\/a><span style=\"font-weight: 400;\">\u2019s performance in the NFT ecosystem was promising. Santiment\u2019s chart revealed that Polkadot\u2019s total NFT trade count and trade volume in USD spiked considerably over the last 30 days.\u00a0<\/span><\/p>\n<figure id=\"attachment_302433\" aria-describedby=\"caption-attachment-302433\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023.png\"><img decoding=\"async\" class=\"wp-image-302433 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.37.00-03-Apr-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-302433\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The growth can be further fueled by the launch of new NFTs. As per the tweet, 400 new NFTs from Moonsama and Sovereign Nature Initiative were launched on Raresama.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">8\/14<\/p>\n<p>\ud83c\udf8a 400 NFTs from <a href=\"https:\/\/twitter.com\/MoonsamaNFT?ref_src=twsrc%5Etfw\">@MoonsamaNFT<\/a> &amp; <a href=\"https:\/\/twitter.com\/sovereignnature?ref_src=twsrc%5Etfw\">@sovereignnature<\/a> Lion Cubs were LAUNCHED on <a href=\"https:\/\/twitter.com\/RaresamaNFT?ref_src=twsrc%5Etfw\">@RaresamaNFT<\/a>!<\/p>\n<p>Check it out \u2b07\ufe0f<a href=\"https:\/\/t.co\/aSKkEB4sWx\">https:\/\/t.co\/aSKkEB4sWx<\/a><a href=\"https:\/\/t.co\/pCKfDprKfJ\">https:\/\/t.co\/pCKfDprKfJ<\/a><\/p>\n<p>&mdash; Polkadot Insider \ud83d\udc02\u2b55\ufe0f (@PolkadotInsider) <a href=\"https:\/\/twitter.com\/PolkadotInsider\/status\/1642363971025108992?ref_src=twsrc%5Etfw\">April 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/polkadot-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polkadot Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<h3><strong>DOT has been favoring the bears<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Polkadot\u2019s latest price action might have upset many as it declined by over 3% in the last 24 hours. According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/polkadot-new\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, it was trading at $6.19 with a market capitalization of over $7.2 billion at press time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">DOT\u2019s trading volume has declined over the last month, reflecting less interest from investors. Negative sentiments around<\/span> <a href=\"http:\/\/ambcrypto.com\/ethereum-outshines-dot-and-ada-in-developers-count-thanks-to\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DOT<\/span><\/a><span style=\"font-weight: 400;\"> also increased, which was evident from its declining weighted sentiments. Nonetheless, DOT\u2019s demand in the derivatives market increased as its Binance funding rate rose.<\/span><\/p>\n<figure id=\"attachment_302434\" aria-describedby=\"caption-attachment-302434\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023.png\"><img decoding=\"async\" class=\"wp-image-302434 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Polkadot-DOT-11.45.30-03-Apr-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-302434\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Polkadots\u2019s development activity was higher than others, but revenue and fees declined.\u00a0 DOT\u2019s price supported the bears as it went down by over 3% in the last 24 hours. Polkadot [DOT] maintained its number one spot on the list of blockchains in terms of monthly development activity. This was a commendable feat, as the blockchain<a href=\"https:\/\/ambcrypto.com\/how-dot-can-revive-its-declining-fortunes-with-the-help-of\/\">Continue reading <span class=\"sr-only\">&#8220;How DOT can revive its declining fortunes, with the help of&#8230;.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":75,"featured_media":302435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-302431","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How DOT can revive its declining fortunes, with the help of.... - 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