What is Polkadot?
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.
Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria. Watch this video to learn about Polkadot blockchain ecosystem.
Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.
Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate). Read this article to learn about Polkadot parachain auctions.
Where can you buy Polkadot?
DOT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Polkadot is FMFW.io, where the most active trading pair DOT/USDT has a trading volume of $1,499,064.14 in the last 24 hours. Other popular options include Binance and MEXC.
What is the daily trading volume of Polkadot (DOT)?
The trading volume of Polkadot (DOT) is $656,972,925.68 in the last 24 hours, representing a 5.30% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for Polkadot (DOT)?
The highest price paid for Polkadot (DOT) is BTC0.001013, which was recorded on Nov 04, 2021 (over 2 years). Comparatively, the current price is -88.80% lower than the all-time high price.
What is the all-time low for Polkadot (DOT)?
The lowest price paid for Polkadot (DOT) is BTC0.00009411, which was recorded on Aug 20, 2020 (over 3 years). Comparatively, the current price is 128.90% higher than the all-time low price.
What is the market cap of Polkadot (DOT)?
Market capitalization of Polkadot (DOT) is BTC133,592.1130 and is ranked #17 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DOT tokens (1.4 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Polkadot (DOT)?
The fully diluted valuation (FDV) of Polkadot (DOT) is BTC141,587.6300. This is a statistical representation of the maximum market cap, assuming total number of 1.4 Billion ETH tokens are in circulation today.
How does the price performance of Polkadot compare against its peers?
With a price decline of -26.10% in the last 7 days, Polkadot (DOT) is underperforming the global cryptocurrency market which is down -13.00%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -15.70%.
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