Фьючерсный рынок Polkadot переворачивает Litecoin, поскольку его открытый интерес достигает 573 миллионов долларов

В горошек (ТОЧКА) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months.

The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing the crypto market has made Polkadot’s development of parachains attractive and the number of projects choosing to build on DOT continues to grow alongside it’s popularity as a staking platform.

Polkadot parachains operate similarly to the Ethereum 2.0 sharding proposal, which creates independent blockchains built for a particular purpose. Many projects building on Polkadot, like Moonbeam, Equilibrium, and Acala, develop their own parachains where the project’s tokens would act as a native currency used to pay for transactions.

DOT token price, USDT на Binance. Источник: TradingView

According to data from Staking Rewards, над 63% of DOT coins in circulation are locked up in staking mechanisms. Между тем, the progress of Polkadot’s development seems ahead of its competitors. По данным PolkaProject, a site which tracks development activity, в настоящее время больше 370 проекты, активно развивающиеся на платформе.

Polkadots aggressive pace of development and the looming expectation of the official parachain mainnet launch in 2021, DOT price has seen immense growth in its futures contracts.

Совокупный открытый интерес по фьючерсам на DOT. Источник: Bybt.com

За последние два месяца, DOT’s $73-million aggregate futures open interest grew by 690% к $575 миллион, becoming the fourth-largest derivatives market behind Bitcoin (BTC), Эфир (ETH) и Кардано (ЕСТЬ).

Как ни странно, Litecoin (LTC), which held third place since the dawn of futures contracts, lost its incumbent position. более того, data indicate that this was not purely a technical adjustment, as Polkadot’s on-chain and trading metrics vastly outperform Litecoin’s.

It is worth noting that DOT’s open interest faced a 23% cut between Feb. 21 и 27, as its price plunged 27% к $28.

DOT trading volume and on-chain metrics strengthen

Regardless of the price movement, low trading activity reflects a lack of interest from traders and a reduced inflow from new entrants.

LTC, ЕСТЬ, DOT 10-day average trading volume, доллар США. Источник: TradingView

Although starting from a much lower base three months ago, DOT’s trading volume soared in January, while Litecoin dropped by 50% after peaking at a $13 billion daily average. Между тем, DOT’s aggregate spot trading volume at exchanges has grown to $4.3 миллиард, а 660% увеличивать.

DOT daily active addresses. Источник: polkadot.subscan.io

Polkadot’s on-chain metrics also provide insight into its rising use, growing from 1,600 daily active addresses to 6,000. В 275% growth for a network whose mainnet launch was less than eight months ago seems impressive.

It might take some time for Polkadot’s on-chain metrics to get closer to Litcoin’s and Cardano’s hundreds of thousands of active addresses but this is not problematic considering how nascent its technology is.

ВОРТЕКИ™ счет, эксклюзивно для Cointelegraph, представляет собой алгоритмическое сравнение исторических и текущих рыночных условий, полученных на основе комбинации точек данных, включая настроения рынка., объем торгов, недавние движения цен и активность в Twitter.

ВОРТЕКИ™ счет (зеленый) против. Цена DOT. Источник: Рынки Cointelegraph Pro

In addition to surging open interest at major derivatives exchanges, вихри™ score has risen to 80 в феврале. 26 и фев. 27. Over the following five days, DOT price managed to rally by another 13%.

Polkadot’s “flippening” of Litecoin’s futures open interest signals that investors are far more interested in its scaling and interoperability potential, as opposed to Litecoin’s narrow-focused search for privacy through the integration of the MimbleWimble protocol.

As for the relatively small number of DOT’s active addresses, this should be monitored going forward, but as of now it shouldn’t hold back the token’s price appreciation.

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Источник: Cointelegraph

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