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Polkadot

Polkadot DOT

Coin
Polkadot Price (DOT)
$6.32
1.10% Buy DOT

0.0048 ETH

0.00032 BTC

Low: $6.28
High: $6.40
24h
Market Cap
$7,100,892,936
1.10%
Fully Diluted Market Cap
$7,831,502,649
1.10%
Volume
24h
$181,519,309
5.89%
Volume / Market Cap
0.0256
Circulating Supply
1,124,290,289 DOT
Max Supply
--
Total Supply
1,239,913,960
Polkadot DOT
Price: $6.32
1.10% Buy DOT
Polkadot (DOT) Social Signals & Traffic Tracker
Polkadot twitter
Twitter Stats
@Polkadot

Followers

1,350,238

0.19%

Following

1

0.00%

Tweet count

4,895

1.68%

Joined at Jul 15, 2013
Polkadot reddit
Reddit Stats
r/dot

Subscribers

40,623

0.05%

Subreddit type

public

Moderators

7

0.00%

Joined at Mar 06, 2010
Polkadot telegram
Telegram Stats
@PolkadotOfficial

Title

Polkadot (Read-only)

Members

32,321

0.40%

Polkadot traffic
Website Traffic
polkadot.network

Website Rating (DR)

79 / 100

0.00%

Ahrefs Rank

15,913

0.80%

Organic Traffic (mo.)

19,344

35.23%

Polkadot github
GitHub Organization
paritytech

Public repos

406

Type

Organization

Created at Sep 08, 2015
Polkadot github
GitHub Repository
paritytech/polkadot

Stars

6,277

0.40%

Watchers

479

0.00%

Forks

1,390

0.43%

Language

Rust

Created at Sep 08, 2015

Solutions for a trust-free world

Solutions for a trust-free world

Polkadot Price statistics

Polkadot Price
$6.32
Price change 24h
-$0.0695
1.10%
24h Low / 24h High
$6.28 /
$6.40
All Time High
Nov 04, 2021 (11 months 3 days ago)
$55.00
88.52%
All Time Low
Aug 20, 2020 (2 years 1 month ago)
$2.69
134.55%
Trading Volume 24h
$181,519,309
5.89%
Volume / Market Cap
0.0256
Market Dominance
0.72%
Market Rank
#12
Market Cap
$7,100,892,936
1.10%
Fully Diluted Market Cap
$7,831,502,649
1.10%

Live DOT Price Analysis

The current real time Polkadot price is $6.32, and its trading volume is $181,519,308.97 in the last 24 hours. DOT price has plummeted by 1.10% in the last day, and decreased by 0.82% in the last 7 days. It’s important to note that current Polkadot market capitalization is $7,100,892,936.37, Talking about circulating supply, DOT has 1,124,290,289 coins. Currently, Polkadot rank on the market is #12.

Polkadot price today is 88.52% below all time high, and it is 134.55% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling DOT are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Polkadot (DOT)?

Polkadot is an open-source blockchain and a Layer 0 meta protocol. It was created with the purpose of uniting different blockchains. However, in the grand scheme of things, it aims to provide a foundational network for the development of Web3. DOT is the native token of the Polkadot network. If you’re interested in the Polkadot price, check out the graph above.

Essentially, Polkadot is referred to as a “blockchain of blockchains.” It connects specialized blockchains into one scalable network. By doing that, Polkadot allows users to transfer any type of data or assets across multiple networks. These networks include oracles, permissionless networks, as well as public and private blockchains.

Since Polkadot is a Layer 0 protocol, it means that Polkadot lies beneath other blockchains. This allows the network to autonomously update its own codebase without creating any forks. Of course, the community must first propose and decide on these updates.

Keep in mind that the DOT price, like many other cryptocurrencies, tends to fluctuate. Therefore, before making any purchase decisions, make sure to monitor the project's price charts.

The Story of Polkadot Network

Polkadot surely has an interesting story. Some people tend to relate it with Ethereum saying that Polkadot uses Ethereum to complete operations. Even though it has some relation to Ethereum, what you read in the previous sentence is not true.

The creator of Polkadot is Gavin Wood. If you’re not a newbie in the crypto world, you know that he was the CTO of Ethereum (thus the relation to Ethereum). Robert Habermeier and Peter Czaban are the other two co-founders of the project.

The first version of Polkadot was released in 2019 as a canary network called Kusama. The network was unaudited. Though in 2020, the genesis block of Polkadot was released. Now, Kusama is like a dedicated space in the Polkadot network that acts as a testnet, which allows developers to test various updates.

The Structure of Polkadot Network

On the surface, Polkadot appears to be a standard blockchain. However, if we looked deeper, it consists of four parts – Relay Chain, parachains, parathreads, and bridges.

The Relay Chain is the core of Polkadot. It revolves around consensus creation, interoperability, and shared security. Parachains, on the other hand, are the individual chains that are connected by the Polkadot network. Each parachain can have its own token and utility. 

Parathreads are also something like parachains, however, they are based on a pay-as-you-go economical model. Parachains and parathreads are connected by bridges. Besides acting as links between parachains and parathreads, bridges also allow them to interact with external blockchains.

Additionally, when talking about structure, it’s important to mention that Polkadot employs the nominated Proof-of-Stake (NPoS) mechanism. The mechanism consists of nominators and validators. This is essentially what makes the Polkadot network secure.

Validators are the ones that secure the network by staking Polkadot tokens and confirming transactions. Nominators also stake their DOT tokens but they do that to back the validators.

Besides, the Polkadot treasury is another thing that keeps the network secure. Basically, every time tokens are traded within the network, a part of the trading fee goes to the treasury. It can then be used to improve the network.

The Main Features of Polkadot Network

The Polkadot network can have many labels as a network. However, these are among the main ones:

  • Community-driven network. One of the features of the Polkadot crypto asset is that it grants governance rights to its holders. Thus, Polkadot users can contribute to various changes and upgrades of the Polkadot network;
  • Sharded multi-chain network. This feature is related to the scalability of Polkadot. It allows the blockchain to process multiple transactions across different blockchains at the same time;
  • Highly versatile and adaptable network. The Polkadot network can be upgraded without creating a fork. Besides, the network allows users to easily share information and functionality with one another.

What About the DOT Token?

Now that you know the essence of the Polkadot network, let’s get back to its token. For starters, note that the DOT token is inflationary. This means that its supply is not fixed.

Initially, Polkadot coins were minted on Ethereum (again, the connection to Ethereum) during the first ICO. At that time, 10 million DOT tokens were issued out of which 5 million were sold generating $145 million.

As mentioned above, just like with most crypto assets on the market, the Polkadot price is pretty volatile. This means that the DOT price is affected by various factors that affect the whole market.

When it comes to the usage of the Polkadot token, it can be used in three ways:

  • For staking. By staking DOT tokens users get rewarded and contribute to the security of the network;
  • For bonding. By bonding DOT tokens, new parachains are added to the network. Thus, by removing the tokens, the outdated parachains can be removed as well;
  • As a governance token. Holders of DOT tokens have the ability to participate in the decision-making processes of the Polkadot network.

What's Polkadot trading volume in the last 24 hours?

DOT has a trading volume of $181,519,308.97 in the last 24 hours.

What's Polkadot highest price ever?

DOT has a highest price of $55.00, which was reached on Nov 04, 2021 (11 months 3 days ago).

What's Polkadot lowest price ever?

DOT has a lowest price of $2.69, which was reached on Aug 20, 2020 (2 years 1 month ago).

What are the best exchanges for buying and selling DOT?

Currently, the most active and dominating exchanges for buying and selling Polkadot are Binance, Kraken & Kucoin. The most popular Polkadot trading pairs are DOT/USDT (on Binance ), DOT/BUSD (on Binance ), DOT/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping DOT?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Polkadot. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Polkadot project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,124,290,289 DOT

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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