Polka dot [DOT] It managed to outpace other cryptocurrencies in this field

  • Polkadot has seen tremendous growth in terms of revenue, and players have also shown great interest.
  • However, the price of DOT continued to decline.

Despite the bearish sentiment plaguing the cryptocurrency market, Polkadot managed to record an increase in revenue. the It outperforms other cryptocurrencies like Polygon and Solana in this regard.

Read Polkadot Price Prediction 2023-2024

to me Polkadot Insider, Polkadot’s revenue increased by 212% in the past week. At the time of writing, the total income generated by Polkadot $34,800.

Source: Polkadot Insider

Bet until you do

In addition, Polka dotThe growing number of players has come as a surprise to long-term DOT investors. According to data from Staking Rewards, the number of helpers on the network has increased by 15.42% in the last 30 days.

At the time of publication, there are 25,429 actors on the network. The majority of Polkadot contributors have contributed candidates through nomination pools.

According to SUBSCAN data, of the 568.941 million DOTs wagered, 99.6% of the DOTs wagered by candidates. The rest of the 0.3% of the DOT was put in by the auditors.

Source: Staking Rewards

In addition, the daily transfer amount on the Polkadot network has increased. From the SUBSCAN data, it can be seen that in the past few days there has been a huge increase in the amount of DOT being transferred.

Last week, the amount of DOT transferred between addresses increased from 1.8 million to 38 million.

Source: Subscan

However, despite player interest and increasing transfer amounts, Polkadot’s price could not recover.

After December 16, the DOT Index fell by 13.18%. Since then, Polkadot price has fluctuated between the $4.68 and $4.39 levels. Its RSI was at 44.44 at the time of publication, indicating that the momentum was with the sellers.

However, CMF has peaked and is at 0.18 at the time of writing. Thus, it indicates that the flow of money has been in favor of the Ministry of Transport.

Source: TradingView

dApp angle

However, Polkadot’s price drop had no impact on Polkadot’s business parachin.

how much Polka dot you can get for $1?

According to data from DappRadar, dApps on Moonbeam Network, a parachain on Polkadot, have seen improvements in many sectors.

The popularity of dApps on the net such as Monuel Artemiswitnessed growth 41.30% In terms of unique active users. Other successful dApps such as Stella Swap Notice the height 41.89% in volume over the same time period.

However, it remains to be seen if activity on these dApps will have an impact on Polkadot’s growth.

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