In Q1 2024, the Polkadot ecosystem experienced robust growth, with total XCM messages surging 94% to 2,800 and active channels reaching 230. Parachain network activity soared, reaching 514,000 active addresses, up 48% QoQ. Moonbeam led with 217,000 monthly active addresses, while Manta Network saw a significant surge to 15,000 daily active addresses following a successful token launch on Binance. Despite a recent price drop, Polkadot's native token DOT regained bullish momentum, trading at $7.25, with resistance at $7.4 and support at $6.4, highlighting its potential for further growth.
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