Polkadot (DOT)
Detailed analysis and information about Polkadot
DO
Polkadot
DOT
Rank #5
Active
Current Price
$22,657.00
-3.96%
Market Cap
$122,168,712,230
USD
24h Volume
$2,221,596,715
USD
Circulating Supply
12,046,441
DOT
Overview
A multi-chain blockchain platform that enables different blockchains to transfer messages and value in a trust-free fashion.
Technology
Polkadot uses a unique multi-chain architecture with a central Relay Chain connecting multiple parachains.
Architecture components:
- Relay Chain for security and consensus
- Parachains for specialized functionality
- Bridges for connecting external networks
- Nominated Proof-of-Stake (NPoS)
- Cross-chain message passing
Use Cases
Polkadot enables blockchain interoperability:
- Cross-chain DeFi: DeFi protocols spanning multiple blockchains
- Specialized Blockchains: Custom blockchains for specific use cases
- Blockchain Bridges: Connecting different blockchain ecosystems
- Scalability Solutions: Parallel processing across parachains
- Governance: On-chain governance for network upgrades
Asset Information
Market Activity
24h High
$35,987.00
24h Low
$32,940.00
7d Change
+5.2%
Volatility
Medium
