Polkadot's Network Usage Remained Consistent in Q2 Despite Market Downturn: Report

Polkadot’s Network Usage Remained Consistent in Q2 Despite Market Downturn: ReportThe report noted that Polkadot’s network usage and developer activity remained strong during the second quarter of the year despite market turbulence.

Polkadot closed the last quarter with a $7.9 billion valuation, down from the $15 billion recorded in Q1. This also represents an 86% drop from its all-time high market cap of $49 billion in November 2021. The consistency in user count is further revealed in the value of DOT token transfers made during both quarters. In Q2, Polkadot had an average of 293 million DOT transfers per month, marginally higher than the 288 million DOT transfers in the previous quarter.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi market fell off cliff in Q2 but users haven't given up hope: ReportDeFi market cap fell 74.6% in Q2, with the drop largely attributed to the collapse of Terra and its stablecoin, though daily user activity has remained resilient. Only DeFi with RealYield will survive Not out of Cult Dao or Revolt they didn’t . They have managed the bear market well and are growing nicely . Interesting to know what sum of usdt it was
Source: Cointelegraph - 🏆 562. / 51 Read more »

China remains the world's largest e-sports market despite gaming crackdownChina remains the largest single-country market in the world with $403.1 million in e-sports revenue in 2021, Niko Partners said in a report published Thursday. Data please?
Source: CNBC - 🏆 12. / 72 Read more »