DOT, the native cryptocurrency of the Polkadot blockchain, hit a new all-time high above $46, while open interest on its futures hits $1.000 billion.
The innovation that accompanies the blockchain de Polkadot, designed for scalability, is driving its price in the markets. As of today, DOT, which ranks seventh among the most important blockchain networks in the crypto industry, has a unit value of $43, boosting its market capitalization to more than $39.700 billion. This cryptocurrency reached a new historical high of $XNUMX million. $46,4 Recently.
Source: CoinMarketCap
The price increase prompted investors to bet on this market again, raising the volume of open positions to a new record of 1.000 billion dollars.
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Innovation and performance, Polkadot's greatest attractions
Much of the interest that Polkadot is gaining in the industry is driven by the promise of interoperability between different blockchain networks, which will allow protocols and their developers to create new functionalities and improvements that guarantee scalability, performance and low operating costs.
Also, the arrival of new protocols and projects that are announcing their integration into this powerful blockchain network is increasing the value of DOT in the markets. The features and properties offered by Polkadot are attracting projects such as CurveFinance of Ethereum and Equilibrium from EOS to migrate to Polkadot, while other projects such as Engine (ENJ), Chainlink (LINK) and most recently, Tether (USDT), have announced their integration with this blockchain network, seeking alternatives to offer greater innovation and development to their investors and users.
Polkadot is betting on cross-chain composability as a key element in the development of blockchain networks of the future, which will provide new value opportunities to encourage the development and creation of innovative applications and protocols within this network.
One of the biggest innovations that this blockchain offers is parachains, a type of independent blockchain interoperable with Polkadot, which replicates the concept of sharding (fragmentation) that Ethereum 2.0 will implement in the future, in its proposal to guarantee greater scalability and performance to its blockchain. Parachains were born in Polkadot as a solution to create high-performance chains focused on a particular purpose to solve specific problems, but that remain interconnected to the Polkadot ecosystem.
To date, Moonbeam and Acala Network protocols have also announced their development of their own parachains on Polkadot, on which they can develop their tokens to offer fast transactions at very low costs. This blockchain is also preparing to offer functionality for tokens. NFT, so its potential for use is enormous.
Continue reading: Polkadot will be the foundation where Enjin, Moonbeam and Acala Network will build their future
