While most projects focus on tokens and people, @peaq is building something deeper. It's creating a network where machines, devices, and vehicles can connect, earn, and operate on their own
Built on @Polkadot, peaq is all about the Economy of Things
That means letting physical devices like EV chargers, drones, and sensors plug into a decentralized system and become part of a new economy.
One where ownership is shared, access is open, and machines can work for us without relying on big tech
It’s about infrastructure for a world where devices don’t just exist, they act, earn, and create value on their own, true web3 culture
The launch is already happening
EricF
Bosch & @peaq & Fetchai launched a compact XDK110 sensor device with eight sensors, integrating Web3 and AI to collect monetize data across multiple DePINs, using AI Agents to optimize crypto rewards
This collaboration merges IoT, AI, and Web3, enabling scalable data-driven services in peaq’s Economy of Things
512
0
xero 🎮
Don’t take screenshots
Don’t say alt season
😉
6.95K
122
Crypp | DeFi
I recently attended a crypto event, and some people there told me about the importance of evaluating Kaito campaigns based on the amount of money the project has raised.
I decided to filter the current leaderboards based on this criterion, and this is the picture I got:
Near Protocol: $607.43M
Polkadot: $510.83M
Monad: $244M
Arbitrum: $123.70M
dYdX: $85M
Infinex: $65.29M
Anoma: $60.25M
Injective: $59.70M
Succinct: $55M
Humanity Protocol: $50M
Peaq: $43.48M
Portal: $42.50M
0G Labs: $34.09M
Camp Network: $29M
Caldera: $24M
Lombard: $17M
Virtuals Protocol: $16.61M
UXLINK: $14.03M
Theoriq: $10.20M
Mira: $9.85M
SatLayer: $8M
Bless: $8M
Openledger: $8M
Infinit: $6M
Hana Network: $6M
GOAT Network: $5M
Sunrise: $5M
Novastro: $1.2M
N/A:
Newton, Somnia, Noya, Warden Protocol, Pyth Network, Soul Labs, Surf, MemeX, Fomo, Mantle, Lumiterra, Katana, Overtake.
6.64K
4
John Ʌ Konrad V
If only someone had been warning everyone for years that @DOTMARAD is a complete and utter failure
gCaptain
GAO Report Reveals Critical Gaps in Maritime Administration's Shipbuilding Support Programs
The current price of Polkadot is $3.5530. Over the last 24 hours, Polkadot has increased by +8.06%. 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 $5.41B. At present, Polkadot holds the 18 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.
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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 13K new posts about Polkadot, driven by 4.4K contributors, and total online engagement reached 2.1M social interactions. The sentiment score for Polkadot currently stands at 90%. Compared to all cryptocurrencies, post volume for Polkadot currently ranks at 1262. 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
12,535
Contributors
4,405
Interactions
2,132,345
Sentiment
90%
Volume rank
#1262
X
Posts
10,491
Interactions
855,986
Sentiment
88%
Polkadot FAQ
What is the total supply of Polkadot?
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.
What is the DOT price prediction?
While it’s challenging to predict the exact future price of DOT, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
What is the current DOT price today?
The current price of DOT today is constantly changing and can be checked in real-time on our platform. Visit our price page for the most up-to-date information.
How much is 1 Polkadot worth today?
Currently, one Polkadot is worth $3.5530. 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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