波尔卡圆点 (点) 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. 许多在Polkadot上建设的项目, 像月光, Equilibrium, and Acala, develop their own parachains where the project’s tokens would act as a native currency used to pay for transactions.
According to data from Staking Rewards, 过度 63% of DOT coins in circulation are locked up in staking mechanisms. 与此同时, the progress of Polkadot’s development seems ahead of its competitors. 根据PolkaProject, a site which tracks development activity, 目前有 370 在平台上积极建设的项目.
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.
Over the past two months, DOT’s $73-million aggregate futures open interest grew by 690% 至 $575 百万, becoming the fourth-largest derivatives market behind Bitcoin (比特币), 醚 (ETH) 和卡尔达诺 (有).
出奇, 莱特币 (LTC), which held third place since the dawn of futures contracts, lost its incumbent position. 此外, 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 和 27, as its price plunged 27% 至 $28.
DOT trading volume and on-chain metrics strengthen
不管价格变动, low trading activity reflects a lack of interest from traders and a reduced inflow from new entrants.
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. 与此同时, DOT’s aggregate spot trading volume at exchanges has grown to $4.3 十亿, 一种 660% 增加.
Polkadot’s on-chain metrics also provide insight into its rising use, 从...成长 1,600 daily active addresses to 6,000. 的 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.
VORTECS™ 分数, Cointelegraph专用, 是根据包括市场情绪在内的数据点组合得出的历史和当前市场状况的算法比较, 交易量, 最近的价格走势和Twitter活动.
In addition to surging open interest at major derivatives exchanges, VORTECS™ score has risen to 80 在二月. 26 和二月. 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.
这里表达的观点和意见仅是 身份验证[R 并不一定反映Cointelegraph的观点. 每笔投资和交易动作都涉及风险. 您在做出决定时应该进行自己的研究.