Market Cap: Over $8.9 billion
Polkadot (DOT), founded in the year 2016, is a unique blockchain interoperability protocol designed to connect different chains together. It also allows exchanging data and processing transactions for parachains, or parallel blockchains without compromising their security. Developers can create their own blockchains while using the Polkadot security.
The core founder of Ethereum, Gavin Wood created Polkadot. The exciting feature of DOT is that it has no hard limit on its total supply. Rather, a new token is constantly in circulation.
Polkadot’s price reached its heights in May 2020 at $6.30 and later in May 2021, the price hit its all-time high of $55.11 and then plunged to a level of nearly $4, in December 2022. As of May 03, 2023, it was priced at $0.97.
