Crypto things you might have missed:
-$150B firm is watching XRP closely👁️
-UK to ban crypto?!
-First ever Bitcoin stablecoin is here
-Binance launches new staking product
-3 massive @hedera updates!
-Bad news for DOT
-RWAs are pushing ARB higher
LINK IN BIO TO GET MORE xx
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Polkadot
Polkadot's scalable architecture handled 143K TPS using a fraction of total capacity.
VISA averaged 7.4K TPS last year, per its annual report.
Web3 for the world is here. Humans need only use it.
Polkadot
In 2024, Visa processed 234 billion transactions.
That works out to 7.4k TPS on average.
Polkadot did 100k+ during the Spammening.
The takeaway: resilience and scalability are not mutually exclusive.
Sure, it's easier to do massive TPS if the entire chain is hosted by a single provider.
But then why bother with Web3?
A breakdown of how Polkadot scales without sacrificing its Web3 principles ⤵️
Parallel Execution: app-specific rollups run in parallel + process their own txns, enabling high throughput.
Dynamic Resource Allocation: rollups can acquire more compute power (coretime) as needed with Elastic Scaling, reducing latency during high demand.
While Agile Coretime makes the network more efficient by allowing apps to scale up or down based only on resources they use.
Shared Security: All rollups benefit from shared security so new chains don't have to bootstrap their own security, allowing for rapid deployment and scaling without security tradeoffs.
This isn't theoretical either.
@kusamanetwork, Polkadot's sister network, hit 143k TPS in the wild using just a fraction of its capacity with the same tech.
💡 Learn more about Polkadot scalability:
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Rajat Soni, CFA
Me: "Bitcoin only. Everything else is a distraction."
Them: "What about Solana? Polkadot? Eth? XRP? Cardano?"
What does "Bitcoin ONLY" mean?
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EricF
it's that time again
streak 32
show up and the yapper kaito will take care of the rest, mindshare and all
somnia irys openledger
virtuals polkdot
EricF
showing up daily once more
yap kaito irys somnia openledger
thats it, thank you
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xero 🎮
This yapper made $100k in 30 days
Which project does the next big drop?
When people tell you to fade infofi or Kaito, show this post to them
There’s more to come, keep an eye on close TGEs.
2 I have in mind:
1. @HanaNetwork if Bandit is hard yapping it, then it’s something. It’s also apparently the only Hyperliquid project, an off on ramp trying to ease adoption. TGE soon?
2. @OpenledgerHQ has the triple yap from the new cookie campaign overlapped with Kaito, and this AI blockchain is already being sought out by many partners like Novastro showing proof of demand
IcoBeast.eth🦇🔊
How I made >$100k in the last 30 days purely from leveraging social capital (without any KOL deals...or ghostwriters lmao)
Have been banging this drum for almost a year now...it is extremely costly to not spend time on growing your social presence. You are literally leaving a white collar salary on the table if you aren't putting time in.
Couple of notes before the list - this is all offset by about 10 days (because the prior one was as well), but the prices/takeaway are pretty close to accurate unless notes are added.
- $90k from B00P (pseudo airdrop)
- $5k from Polkadot board
- $2.5k from D3fi App (airdrop)
- $10k from AIVAX (presale - didn't cash out but easily could have)
- $2k from Arena airdrops/rewards
- $10k from Loudio
- $1.5k from random protocol airdrop
- $1k from various other airdrops
Commentary:
It's still extremely easy to find things that people aren't talking about very much and just put in a little bit of effort...Polkadot continues to be an awesome ecosystem to generate content on with solid rewards for creating. Particularly with the juiced Hydration LPs coming in a few days there is a lot of easy DeFi analysis to provide.
Obviously there won't be ridiculous high 5/low 6 figure token drops every month, but even removing the outlier, that's still ~$35k in free money just for showing up...having a trusted social presence is undeniably an extremely valuable asset in the current climate.
AND this isn't even including the dealflow and promo offers that come part and parcel with building a trusted reputation and audience.
Oh right...and I didn't even talk about 80% of the pre-TGE projects that airdropped this period. Left TONS of money on the table but still made more than 99.5% of the population does on an annualized basis (even excluding the huge airdrop).
Just post bros. Find stuff you think is interesting and/or valuable and post about it. Share what you find with others and get your bag.
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Polkadot price performance in USD
The current price of Polkadot is $3.3890. Over the last 24 hours, Polkadot has decreased by -1.77%. It currently has a circulating supply of 1,522,267,060 DOT and a maximum supply of 1,522,267,060 DOT, giving it a fully diluted market cap of $5.16B. At present, Polkadot holds the 21 position in market cap rankings. The Polkadot/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. 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, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
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.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 11K new posts about Polkadot, driven by 3.7K contributors, and total online engagement reached 1.9M social interactions. The sentiment score for Polkadot currently stands at 90%. Compared to all cryptocurrencies, post volume for Polkadot currently ranks at 1349. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Polkadot.
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Posts
10,577
Contributors
3,656
Interactions
1,873,851
Sentiment
90%
Volume rank
#1349
X
Posts
8,789
Interactions
1,044,709
Sentiment
90%
Polkadot FAQ
How much is 1 Polkadot worth today?
Currently, one Polkadot is worth $3.3890. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
Watch this video to learn about what happens when you move your money to a crypto exchange.
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. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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