đPolkadot (DOT) lags behind other layer 1 tokens in 2024, dropping over 20% due to concerns about its ecosystem. Compared to Ethereum and Solana, Polkadot's ecosystem is perceived as less vibrant, leading to its underperformance. đData shows a drop in Acala Network's total value locked (TVL) and minimal traction among developers and investors.
However, crypto expert Rekt Finance remains bullish on DOT, citing its entry into the AI race via platforms like Phala Network and Origin Trail. Polkadot's move into Real-World Asset (RWA) tokenization also shows promise.
What are your thoughts on Polkadot's future? đ Let's discuss below! đ
