⚡ Trade Forex With High Leverage And No Limitations! – Open an Account Here

      

1. Home
2. /News
3. /Polkadot Is Still Leading The Development Activity Charts

Polkadot Is Still Leading The Development Activity Charts

Sophia Cruz•Thursday, February 9, 2023•1 min read

What a lively week for Polkadot (DOT) as they recently posted their weekly stats where they have highlighted their good developments in its ecosystem. 

Polkadot stated in the roundup that Squid, Stella Swap, and Alexar network have joined forces to provide a cross-chain functionality to the dApps built on the Moonbeam ecosystem and improve its user interface. In addition, users can now create their own NFT collections on Efinity using Polkadot. 

Polkadot also announced that the web3 social protocol ‘Subsocial’ will be moving to the platform where developers can build applications on Subsocial and can use the Crust Network to keep track of storage and have more secure and censorship-resistant content. 

Meanwhile, Revolut has recently launched its crypto-staking service for Polkadot including Ethereum, Cardano, and Tezos. This would allow users to deposit PoS-based tokens to a blockchain to help in securing the network. In the meantime, this new service will only be available in the UK and in selected EEA markets. 

Following Polkadot’s announcement, it shows on the charts that there’s a huge growth in DOT’s NFT ecosystem as well as an increase in its USD trade volume. DOT’s price increased by 6% in the last week and is currently trading at $6.82 at this time of writing. Moreover, the Polkadot community is quite happy about the outcome of putting more trust in Polkadot.

ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.

Related Articles

Ethereum vs. Bitcoin: ETH/BTC Doji Hints at 70% Rally Potential

2 days ago

Save

Ethereum Reserves Drop to 9-Year Low as Traders Eye $10K Target

2 days ago

Save

Bitcoin Soars Past $97K Despite ETF Demand Slowdown

2 days ago

Save

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments