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Polkadot

dot

$6.43Price Change 24h: 2.81%Price data by Coingecko logoCoinGecko

Polkadot Price Chart

Polkadot Price Converter

dot

24-Hour Range

$6.25 $6.43
LowHigh

Market Cap

Rank#16
Market Cap$8.91B
Volume$259.14M

Supply

Circulating1.39B
Total1.47B
Created on01/01/1970

All Time High

ATH$54.98
ATH Change-88.32%
ATH Date11/04/2021

Polkadot Price Perfomance

PeriodChange [%]LowHigh
24h2.81%$6.25$6.53
7 days7.69%$6.19$6.43
14 days0.52%$6.19$6.43
1 month3.82%$6.17$6.23
1 year17.37%$5.11$5.55

Polkadot OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/09/2024Close5.940.040.68%High6.27-0.02-0.32%
Open5.9-0.35-5.60%Low5.72-0.17-2.89%
07/08/2024Close5.9-0.34-5.45%High6.29-0.0100-0.16%
Open6.250.5810.23%Low5.890.254.43%
07/07/2024Close6.240.5710.05%High6.30.406.78%
Open5.670.132.35%Low5.640.6913.94%
07/06/2024Close5.670.111.98%High5.9-0.22-3.59%
Open5.54-0.52-8.58%Low4.95-0.59-10.65%
07/05/2024Close5.56-0.50-8.25%High6.12-0.41-6.28%
Open6.06-0.46-7.06%Low5.54-0.48-7.97%
07/04/2024Close6.06-0.45-6.91%High6.53-0.06-0.91%
Open6.520.193.00%Low6.02-0.30-4.75%
07/03/2024Close6.510.172.68%High6.590.162.49%
Open6.330.132.10%Low6.320.132.10%

* Price information provided by CoinGecko. Day starts at UTC 00:00

View more

1. What is Polkadot (DOT)?

DOT is the native currency of Polkadot, a Layer 0 blockchain.

2. Who created Polkadot?

Polkadot was created by Ethereum co-founder Gavin Wood. The Polkadot whitepaper was published in 2016, followed by a nine-figure funding round to bootstrap the project. Polkadot launched its mainnet in 2017.

3. How does Polkadot work?

Polkadot originally sought to realize the vision for sharding articulated early in Ethereum’s development, where computation is split across an ecosystem of multiple chains operating in parallel.

Polkadot achieved this by adopting a “Layer 0” architecture, where the base Polkadot Relay Chain provides limited functionality in the form of DOT transfers and a Proof of Stake consensus Layer. Developers can launch Layer 1 networks called “parachains” that inherit security from the base Relay Chain, with parachains providing advanced functionality including smart contract execution.

4. What is the maximum supply of DOT?

There is no hard limit on the supply of DOT, which inflates at a rate of 10% annually.

5. What are the benefits of using Polkadot?

Polkadot now plans on replacing its Relay Chain with a modular Join-Accumulate Machine (JAM) base layer facilitating generic functionality including smart contract execution.

JAM will support the permissionless deployment of decentralized applications (dApps) as rollups, meaning developers building on the network will no longer need to launch as sharded Layer 1 networks by default. Rollups deploying on JAM will be able to purchase computation resources on a monthly basis, rather than bid for long-term parachain slots through Polkadot’s existing parachain auction mechanism.

6. What are the risks of using Polkadot?

Cryptocurrencies are subject to significant price volatility. Centralized exchanges pose counterparty risk to users, while non-custodial wallets can be targeted by hackers and scammers, and can be lost forever if a user fails to securely store their private keys. Some legal jurisdictions have also sought to crack down on cryptocurrency trading and related activities.

7. What is DOT’s historic price range?

DOT tagged an all-time low of $2.70 on Aug. 20, 2020, and posted a record high of $54.98 on Nov. 04, 2021.

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Some LPs Were Able To Claim Excessive Rewards
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Wood Says Gov2 Code To Launch on Kusama 'Imminently'