Polkadot price

in EUR
€3.451
+€0.15966 (+4.85%)
EUR
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Market cap
€5.25B #23
Circulating supply
1.52B / 1.52B
All-time high
€47.03
24h volume
€294.98M
3.4 / 5

About Polkadot

DOT, the cryptocurrency of the Polkadot ecosystem, is designed to enable seamless communication and interoperability between different blockchains. Polkadot’s unique architecture connects multiple independent blockchains, called parachains, under one secure network, allowing them to share data and resources efficiently. DOT plays a vital role in this ecosystem by securing the network through staking, enabling governance decisions, and facilitating the bonding process for new parachains. Whether it’s powering decentralized finance (DeFi), gaming, or real-world asset tokenization, DOT is central to Polkadot’s mission of creating a scalable, interconnected Web3 future. Its focus on innovation and collaboration makes it a compelling choice for both new and experienced crypto users.
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Last audit: 1 Jun 2020, (UTC+8)

Polkadot’s price performance

Past year
-1.80%
€3.51
3 months
-4.63%
€3.62
30 days
-0.81%
€3.48
7 days
+8.30%
€3.19

Polkadot on socials

币圈Peter
币圈Peter
Peter 0908 Morning Market Analysis: BTC From a weekly perspective, Bitcoin has ended its three-week downward trend, with last week closing as a bullish candle. However, after reaching a high, Bitcoin has retraced, so currently, there is still a chance of downward pressure. We can target the range of 111000~111500 for short positions! From the KDJ indicator perspective, it is also showing a death cross and moving downward. Everyone should remain cautious about the market and not be blindly optimistic! #BTC
✨whateverman✨🎙️
✨whateverman✨🎙️
Tell me this isn’t the cutest mfer you’ve ever seen?! @pudgypenguins @PlayPudgyParty @Polkadot Use this code to join me F-XT9238
ChainCatcher
ChainCatcher
Crypto ETF Weekly Report | Last week, U.S. Bitcoin spot ETFs saw a net inflow of $250 million; The U.S. Ethereum spot ETF saw a net outflow of $787 million
Organized: Jerry, ChainCatcher   Crypto spot ETF performance last week U.S. Bitcoin spot ETFs saw a net inflow of $250 million Last week, U.S. Bitcoin spot ETFs saw four consecutive days of net inflows, with a total net inflow of $250 million and a total net asset value of $144.05 billion. Last week, four ETFs were in a state of net inflows, mainly from IBIT, BTC, and FBTC, with inflows of $435 million, $33.2 million, and $25.1 million respectively. Source: Farside Investors The U.S. Ethereum spot ETF saw a net outflow of $787 million Last week, the U.S. Ethereum spot ETF saw net inflows for four consecutive days, with a total net outflow of $787 million and a total net asset value of $27.64 billion. Last week's inflows were primarily from BlackRock ETHA, with a net outflow of $312 million. All 9 Ethereum spot ETFs are on net outflows. Source: Farside Investors The Hong Kong Bitcoin spot ETF saw a net inflow of 29.66 Bitcoins Last week, Hong Kong Bitcoin spot ETFs saw a net inflow of 29.66 Bitcoins, with a net asset value of $493 million. Among them, issuer Harvest Bitcoin's holdings fell to 292.57, and Huaxia maintained it at 2,390. The Hong Kong Ethereum spot ETF saw a net inflow of 806.79 ETH, with a net asset value of US$132 million. Source: SoSoValue Crypto spot ETF options performance As of September 4, the total notional turnover of U.S. Bitcoin spot ETF options was $1.54 billion, with a notional total long-short ratio of 2.03. As of September 4, the total notional holdings of U.S. Bitcoin spot ETF options reached $26.45 billion, with a notional long-short ratio of 1.83. The market's short-term trading activity for Bitcoin spot ETF options has increased, and the overall sentiment is bullish. Additionally, the implied volatility is 40.40%. Source: SoSoValue A glance at the dynamics of crypto ETFs over the last week Bitwise registers AVAX ETF entities in Delaware Bitwise has completed the registration of the Avalanche (AVAX) ETF entity in Delaware, USA. This registration is an initial step before submitting a formal ETF application to the regulator and does not constitute a formal filing. Figma disclosed Q2 revenue of nearly $250 million and holds about $90.8 million in Bitcoin spot ETFs Figma releases its first performance report since its US IPO. The company's second-quarter revenue was $249.6 million, up 41% year-over-year. It is expected to have annual revenue of $1.021 billion to $1.025 billion, and third-quarter revenue of $263 million to $265 million. Held approximately $1.6 billion in cash, cash equivalents, and marketable securities as of June 30, including $90.8 million in Bitcoin spot ETFs. "We're not going to be Michael Saylor of Strategy," Field said in the interview, "and it's not a vault company similar to Bitcoin-based holdings." It's a design firm, but I think it has its place in the balance sheet and part of the diversified treasury strategy. ” Ondo Finance launches over 100 tokenized stocks and ETFs on Ethereum According to Decrypt, Ondo Finance, a decentralized finance (DeFi) asset manager, has launched tokenized versions of more than 100 U.S.-listed stocks and ETFs on Ethereum, which are only available to non-U.S. investors. The company previously obtained a broker and transfer agent license from the US regulator through the acquisition of Oasis Pro. It is reported that this move is supported by several large crypto wallets, including Trust Wallet, OKX Wallet, MEXC, Morpho, Ledger, and Bitget Wallet. According to Jamie Elkaleh, Bitget's CMO, Ondo's global market launch is significant as it enables tokenization and round-the-clock trading that many early attempts failed to achieve, offering the widest range of assets held by US-registered brokers. Coinbase plans to launch the first index futures in the United States covering stocks and cryptocurrencies, with stock index composition including the Big Seven, COIN and two BlackRock spot ETFs Coinbase announced that its derivatives trading platform continues to expand its product matrix with the launch of the innovative Mag7+ Crypto Asset Stock Index Futures, the first listed derivatives futures contract in the United States that covers both stocks and cryptocurrencies. The index composition includes: the "Big Seven" of U.S. stocks: Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA); Coinbase Stock (COIN); Cryptocurrency ETFs: BlackRock Bitcoin Trust (IBIT), Ethereum Trust (ETHA). The index is calculated using an equal weight, with 10 components each having a 10% weight, which is rebalanced quarterly to reflect market changes. MarketVector acts as the official index provider. The contracts are based on a monthly cash settlement model, with each contract representing 1 times the value of the index, and it is expected to be available for trading to retail users in the coming months. Morgan Stanley disclosed its $188 million Bitcoin ETF purchase in Q2 According to market news, Morgan Stanley, which has $1.7 trillion in assets, disclosed that it purchased a Bitcoin ETF worth $188 million in the second quarter. U.S. Bank of America has reintroduced cryptocurrency custody services, expanding its offerings to include Bitcoin ETFs According to Golden Ten, U.S. Bank of America has announced the resumption of cryptocurrency custody services for institutional clients and the expansion of its offerings to include Bitcoin ETFs. The U.S. SEC has postponed its decision on the Grayscale Polkadot (DOT) spot ETF Opinions and analysis on crypto ETFs Analysts say Rex-Osprey may launch its first Dogecoin ETF next week According to The Block, Bloomberg industry research analyst Eric Balchunas said that REX-Osprey is expected to bring the REX-Osprey DOGE ETF (proposed symbol DOJE) to the market as early as next week, or become the first ETF to track the price of Dogecoin. Previously, REX-Osprey launched the Solana+ Staking Yield ETF (SSK) in July. President of The ETF Store: XRP spot ETF approval probability in 2025 is close to 100% Nate Geraci, president of The ETF Store, posted on social media, "Prediction market Polymarket shows an 87% probability of XRP spot ETF approval in 2025. I personally think the probability is close to 100%. ”

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Polkadot FAQ

Polkadot was launched with an initial supply of 10 million. However, after the redenomination, the token balance increased by 100, turning the initial supply to 1 billion. That said, as an inflationary token, the supply of Polkadot is not capped. As of September 2022, over 1.2 billion DOT tokens were in circulation.

Easily buy DOT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOT/USDT, DOT/USDC and DOT/BTC.

You can also buy DOT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DOT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

OKX offers multiple ways to seek support. Our self-service support center addresses commonly asked questions about buying, selling, and trading digital assets. We also have a thriving global community, which can be reached through various channels, including Telegram, Reddit, Facebook, Line, Weibo and Twitter.

Currently, one Polkadot is worth €3.451. For answers and insight into Polkadot's price action, you're in the right place. Explore the latest Polkadot charts and trade responsibly with OKX.
Cryptocurrencies, such as Polkadot, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polkadot have been created as well.
Check out our Polkadot price prediction page to forecast future prices and determine your price targets.

Dive deeper into Polkadot

Often referred to as the "Blockchain of Blockchains," Polkadot is a next-gen Layer 0 meta protocol and an open-source blockchain launched in May 2020 to realize the broader vision of a secure, resilient, and fair Web3.

Polkadot unites a network of native purpose-built Layer 1 blockchains called parachains and multiple external blockchains (connected to it using innovative bridging technology), allowing them to operate at scale alongside each other seamlessly.

The parachains and external blockchains can freely interact with each other, making them interoperable. This is a significant shift from the siloed design of conventional blockchains like Ethereum and Bitcoin. Parachains can process transactions simultaneously, reducing the burden on the main chain and offering ease of scalability. They also allow developers to customize their blockchains, allowing them to optimize parachains for specific use cases with their native tokens.

The Relay Chain is Polkadot's central chain, created using the Substrate framework. The Relay Chain is responsible for maintaining Polkadot's shared security, cross-chain interoperability, and consensus mechanism. It has been designed to handle minimum functions, including the network's governance and nominated Proof of Stake (NPoS). All validators are staked on the Relay Chain and confirm transactions from the connected parachains.

The Polkadot ecosystem also has parathreads, which are parachains based on a pay-as-you-go model, making them more affordable. The parachains and parathreads can connect and communicate with external blockchains like Bitcoin or Ethereum through bridges.

The network is secured using the NPoS consensus mechanism. Users can choose to participate in the consensus system as nominators or validators. Nominators can select trustworthy validators to update the network while validators verify transactions. Both nominators and validators stake DOT and receive rewards in return.

DOT use cases

DOT serves multiple purposes within the larger Polkadot ecosystem. It is the currency used to pay transaction fees when sending data or tokens across chains. It also serves as a governance token that users can stake to vote on the future of Polkadot.

DOT tokens also serve as the currency to incentivize users to maintain the system's security. Users can stake DOT to participate in the network's consensus mechanism. DOT is also used for bonding, a type of Proof of Stake. By bonding tokens, developers can create new parachains, while removing bonded assets will delete outdated parachains.

DOT tokenomics and distribution

DOT is an inflationary token, implying it doesn't have a hard cap or maximum supply. It has an approximate inflation rate of 10 percent, with new tokens generated for incentivizing validators. One can transfer DOT in fractions, with the smallest unit being 0.0000000001 DOT, called a Planck.

10 million DOT tokens were generated during its first Initial Coin Offering (ICO) held in October 2017. The tokens were distributed in the following manner:

  • 50 percent: ICO buyers
  • 30 percent: Web3 Foundation for Polkadot development and other Foundation activities
  • 11.6 percent: Web3 Foundation for future fundraising initiatives
  • 5 percent: Private sale round held in 2019
  • 3.4 percent: Token sale held in 2020

A DOT redenomination took place on August 21, 2020, after a network-wide referendum. As a result, the DOT balance for all existing holders was automatically increased by a factor of 100. The original 10 million DOT supply changed to 1 billion after the redenomination, and the market value of each DOT token decreased by a factor of 100. This event is popularly referred to as "Denomination Day."

About the founders

Polkadot is the flagship project of the Web3 Foundation, which was formed by Gavin Wood, Peter Czaban, and Robert Habermeier in 2017. Web3 Foundation is a Swiss-based non-profit foundation established to support Polkadot's research, development, and fundraising efforts.

A well-known name in the crypto and blockchain world, Wood is one of the pioneers of blockchain technology. He is the co-founder and former CTO of Ethereum and the founder of Parity Technologies. In addition, Wood coined the term Web3 back in 2014.

Wood also invented Whisper, a P2P communication protocol, Proof of Authority consensus, and the Solidity programming language. He currently heads the innovation initiatives on Polkadot and Substrate.

Czaban holds a master's of engineering from the University of Oxford and co-founded Web3 Foundation and Polkadot with Wood. Serving as Web3 Foundation's Technology Director, Czaban supports the creation of next-generation distributed technologies.

Habermeier is a Thiel Fellow with extensive research and development experience in cryptography, distributed systems, and blockchain tech. As a longtime Rust Community member, Habermeier is also widely known for using Rust to develop high-performance and parallel solutions.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
€5.25B #23
Circulating supply
1.52B / 1.52B
All-time high
€47.03
24h volume
€294.98M
3.4 / 5
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