revealed that the blockchain’s revenue and fees remained stable in the last month. In fact, the graph spiked on 3 July 2023. The blockchain’s network value was also increasing as its TVL rose, as pointed out by DeFiLlama.While these developments happened, Polkadot’s price action turned positive, thanks to the on-going bullish market. As perAt the time of writing, it was trading at $5.63 with a market capitalization of over $6 billion, making it the 13th largest crypto.
While DOT’s price declined, its Open Interest also went down. Likewise, its price uptrend was accompanied by a hike in volume. Additionally,Source: SantimentPolkadot’s uptrend might continue longer as the Exponential Moving Average Ribbon displayed a bullish crossover. Not only that, but its Relative Strength Index was also relatively high, suggesting a continued northbound movement.’s Money Flow Index was high, it did move down slightly.