๐ฟGood news for $DOT holder ! ๐ฅณ
Palkadot received New achievement ๐
Heading another ? ๐ฉ๏ธ
๐ Record-Breaking Active Addresses: Polkadot's blockchain hit a new high with over 600,000 active addresses, as revealed in a recent post by Polkadot.
๐น DOT Token Performance: Polkadot's native token, DOT, surged by 4.68% in the last 24 hours, currently trading at $8.99. However, it has plummeted by 83% from its peak of $55 in November 2021, as per CoinMarketCap.
๐ Transaction Volume Analysis: Despite the surge in addresses and accounts, Polkadot's transaction volume remains relatively low. In March, it recorded 11.58 million transactions, compared to December 2023's 31.78 million.
๐ Introduction of DOT is $DED: The Polkadot community jumped on the memecoin bandwagon by launching DOT is $DED, which gained popularity on X starting March 23. Investors received 36 DED tokens for each DOT token held.
๐ Moonbeam Leads: More than 41% of the active addresses are associated with Moonbeam, a cross-chain smart contract platform. Meanwhile, over 191,000 addresses were generated directly on Polkadot itself.
๐ Positive Growth in Unique Accounts: The number of unique accounts with balances greater than zero surpassed 5.59 million by the end of March, marking an increase from 5.53 million in February.
๐ Adjustments to Airdrop Allocation: To ensure the sustainability of DOT is $DED, the team reduced the initial airdrop allocation from 100% to 5% of the token supply, disappointing some investors.
