🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Polkadot

Polkadot DOT

coin
Polkadot Price (DOT)
$7.16
3.06% Buy DOT

0.0030 ETH

0.0002 BTC

Low: $6.98
High: $7.47
24h
Market Cap
$9,071,087,505
3.06%
Fully Diluted Market Cap
$10,018,660,936
3.06%
Volume
24h
$244,118,629
2.04%
Volume / Market Cap
0.0269
Circulating Supply
1,266,125,184 DOT
Max Supply
--
Total Supply
1,398,385,686
Layer 0<\/strong><\/a> meta protocol. It was created with the purpose of uniting different blockchains. However, in the grand scheme of things, it aims to provide <strong>a foundational network for the development of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-web-3-0/">Web3. DOT is the native token of the Polkadot network.<\/p>\n<p>If you&rsquo;re interested in the Polkadot price, check out the graph above.<\/p>\n<p>Essentially, Polkadot is referred to as a &ldquo;blockchain of blockchains.&rdquo; It connects specialized blockchains into one scalable network. By doing that, Polkadot <strong>allows users to transfer any type of data or assets across multiple networks<\/strong>. These networks include oracles, permissionless networks, as well as public and private blockchains.<\/p>\n<p>Since Polkadot is a Layer 0 protocol, it means that Polkadot lies beneath other blockchains. This allows the network to autonomously update its own codebase without creating any forks. Of course, the community must first propose and decide on these updates.<\/p>\n<p>Keep in mind that the DOT price, like many other cryptocurrencies, tends to fluctuate. Therefore, before making any purchase decisions, make sure to monitor the project's price charts.<\/p>\n<h2>The Story of Polkadot Network<\/h2>\n<p>Polkadot surely has an interesting story. Some people tend to relate it with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum saying that Polkadot uses Ethereum to complete operations. Even though it has some relation to Ethereum, what you read in the previous sentence is not true.<\/p>\n<p>The creator of Polkadot is Gavin Wood. If you&rsquo;re not a newbie in the crypto world, you know that he was the CTO of Ethereum (thus the relation to Ethereum). Robert Habermeier and Peter Czaban are the other two co-founders of the project.<\/p>\n<p>The first version of Polkadot was released in 2019 as a canary network called Kusama. The network was unaudited. Though in 2020, the genesis block of Polkadot was released. Now, Kusama is like a dedicated space in the Polkadot network that acts as a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-testnet/">testnet, which allows developers to test various updates.<\/p>\n<h2>The Structure of Polkadot Network<\/h2>\n<p>On the surface, Polkadot appears to be a standard blockchain. However, if we looked deeper, it consists of four parts &ndash; Relay Chain, parachains, parathreads, and bridges.<\/p>\n<p><strong>The Relay Chain is the core of Polkadot<\/strong>. It revolves around consensus creation, interoperability, and shared security. Parachains, on the other hand, are the individual chains that are connected by the Polkadot network. Each parachain can have its own token and utility.&nbsp;<\/p>\n<p>Parathreads are also something like parachains, however, they are based on a pay-as-you-go economical model. Parachains and parathreads are connected by bridges. Besides acting as links between parachains and parathreads, bridges also allow them to interact with external blockchains.<\/p>\n<p>Additionally, when talking about structure, it&rsquo;s important to mention that Polkadot employs the nominated Proof-of-Stake (NPoS) mechanism. The mechanism consists of nominators and validators. This is essentially what makes the Polkadot network secure.<\/p>\n<p><strong>Validators<\/strong> are the ones that <strong>secure the network<\/strong> by staking Polkadot tokens and confirming transactions. Nominators also stake their DOT tokens but they do that to back the validators.<\/p>\n<p>Besides, the Polkadot treasury is another thing that keeps the network secure. Basically, <strong>every time tokens are traded within the network, a part of the trading fee goes to the treasury<\/strong>. It can then be used to improve the network.<\/p>\n<h2>The Main Features of Polkadot Network<\/h2>\n<p>The Polkadot network can have many labels as a network. However, these are among the main ones:<\/p>\n<ul>\n<li><strong>Community-driven network<\/strong>. One of the features of the Polkadot crypto asset is that it grants governance rights to its holders. Thus, Polkadot users can contribute to various changes and upgrades of the Polkadot network;<\/li>\n<li><strong>Sharded multi-chain network<\/strong>. This feature is related to the scalability of Polkadot. It allows the blockchain to process multiple transactions across different blockchains at the same time;<\/li>\n<li><strong>Highly versatile and adaptable network<\/strong>. The Polkadot network can be upgraded without creating a fork. Besides, the network allows users to easily share information and functionality with one another.<\/li>\n<\/ul>\n<h2>What About the DOT Token?<\/h2>\n<p>Now that you know the essence of the Polkadot network, let&rsquo;s get back to its token. For starters, note that the DOT token is inflationary. This means that its supply is not fixed.<\/p>\n<p>Initially, Polkadot coins were minted on Ethereum (again, the connection to Ethereum) during the first <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">ICO. At that time, 10 million DOT tokens were issued out of which 5 million were sold generating $145 million.<\/p>\n<p>As mentioned above, just like with most crypto assets on the market, the Polkadot price is pretty volatile. This means that the DOT price is affected by various factors that affect the whole market.<\/p>\n<p>When it comes to the usage of the Polkadot token, it can be used in three ways:<\/p>\n<ul>\n<li>For <strong>staking<\/strong>. By staking DOT tokens users get rewarded and contribute to the security of the network;<\/li>\n<li>For <strong>bonding<\/strong>. By bonding DOT tokens, new parachains are added to the network. Thus, by removing the tokens, the outdated parachains can be removed as well;<\/li>\n<li>As a <strong>governance token<\/strong>. Holders of DOT tokens have the ability to participate in the decision-making processes of the Polkadot network.<\/li>\n<\/ul>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/polkadot-new-dot-price","crypto_currency_info":{"id":334,"crypto_currency_id":32,"description":"Polkadot (DOT) is a cryptocurrency . Polkadot has a current supply of 1,103,303,471.382273 with 987,579,314.957085 in circulation. The last known price of Polkadot is 21.03399806 USD and is up 1.46 over the last 24 hours. It is currently trading on 319 active market(s) with $1,221,603,851.05 traded over the last 24 hours. More information can be found at https:\/\/polkadot.network\/.","tags":"[\"substrate\",\"polkadot\",\"binance-chain\",\"polkadot-ecosystem\",\"three-arrows-capital-portfolio\",\"polychain-capital-portfolio\",\"arrington-xrp-capital-portfolio\",\"blockchain-capital-portfolio\",\"boostvc-portfolio\",\"cms-holdings-portfolio\",\"coinfund-portfolio\",\"fabric-ventures-portfolio\",\"fenbushi-capital-portfolio\",\"hashkey-capital-portfolio\",\"kenetic-capital-portfolio\",\"1confirmation-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"exnetwork-capital-portfolio\",\"web3\",\"spartan-group\",\"injective-ecosystem\",\"bnb-chain\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/6636.png","original_links":"{\"website\":[\"https:\\\/\\\/polkadot.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/Polkadot\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/polkadot-network\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/polkascan.io\\\/\",\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"https:\\\/\\\/polkastats.io\",\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dot\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"],\"announcement\":[]}","links":"{\"website\":{\"polkadot.network\":\"https:\\\/\\\/polkadot.network\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/Polkadot\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/polkadot-network\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/dot\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"},\"explorer\":{\"polkascan.io\":\"http:\\\/\\\/polkascan.io\\\/\",\"polkadot-cc1.subscan.io\":\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"polkastats.io\":\"https:\\\/\\\/polkastats.io\",\"hubble.figment.io\":\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"},\"source_code\":\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"}","data":"{\"id\":6636,\"name\":\"Polkadot\",\"symbol\":\"DOT\",\"category\":\"coin\",\"description\":\"Polkadot (DOT) is a cryptocurrency . Polkadot has a current supply of 1,103,303,471.382273 with 987,579,314.957085 in circulation. The last known price of Polkadot is 21.03399806 USD and is up 1.46 over the last 24 hours. It is currently trading on 319 active market(s) with $1,221,603,851.05 traded over the last 24 hours. More information can be found at https:\\\/\\\/polkadot.network\\\/.\",\"slug\":\"polkadot-new\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/6636.png\",\"subreddit\":\"dot\",\"notice\":\"Kindly note that the BSC and HECO contract addresses are for pegged versions of DOT.\",\"tags\":[\"substrate\",\"polkadot\",\"binance-chain\",\"polkadot-ecosystem\",\"three-arrows-capital-portfolio\",\"polychain-capital-portfolio\",\"arrington-xrp-capital-portfolio\",\"blockchain-capital-portfolio\",\"boostvc-portfolio\",\"cms-holdings-portfolio\",\"coinfund-portfolio\",\"fabric-ventures-portfolio\",\"fenbushi-capital-portfolio\",\"hashkey-capital-portfolio\",\"kenetic-capital-portfolio\",\"1confirmation-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"exnetwork-capital-portfolio\",\"web3\",\"spartan-group\",\"injective-ecosystem\",\"bnb-chain\"],\"tag-names\":[\"Substrate\",\"Polkadot\",\"Binance Chain\",\"Polkadot Ecosystem\",\"Three Arrows Capital Portfolio\",\"Polychain Capital Portfolio\",\"Arrington XRP Capital Portfolio\",\"Blockchain Capital Portfolio\",\"BoostVC Portfolio\",\"CMS Holdings Portfolio\",\"Coinfund Portfolio\",\"Fabric Ventures Portfolio\",\"Fenbushi Capital Portfolio\",\"Hashkey Capital Portfolio\",\"Kenetic Capital Portfolio\",\"1Confirmation Portfolio\",\"Placeholder Ventures Portfolio\",\"Pantera Capital Portfolio\",\"Exnetwork Capital Portfolio\",\"Web3\",\"Spartan Group\",\"Injective Ecosystem\",\"BNB Chain\"],\"tag-groups\":[\"CATEGORY\",\"PLATFORM\",\"PLATFORM\",\"PLATFORM\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"INDUSTRY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/polkadot.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/Polkadot\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/polkadot-network\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/polkascan.io\\\/\",\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"https:\\\/\\\/polkastats.io\",\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dot\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"],\"announcement\":[]},\"platform\":null,\"date_added\":\"2020-08-19T00:00:00.000Z\",\"twitter_username\":\"Polkadot\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0xa2c49cee16a5e5bdefde931107dc1fae9f7773e3\",\"platform\":{\"name\":\"HECO\",\"coin\":{\"id\":\"2502\",\"name\":\"Huobi Token\",\"symbol\":\"HT\",\"slug\":\"huobi-token\"}}},{\"contract_address\":\"0x7083609fce4d1d8dc0c979aab8c869ea2c873402\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":904869778,\"self_reported_tags\":null,\"self_reported_market_cap\":19030979243.77585}","launched_at":null,"created_at":"2022-03-25T14:20:19.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":32,"profilable_type":"CryptoCurrency","profilable_id":32,"twitter":"{\"name\":\"Polkadot\",\"username\":\"@Polkadot\",\"follower_count\":1441062,\"following_count\":4,\"tweet_count\":7860,\"created_at\":\"2013-07-15 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":7057,\"watchers\":510,\"forks\":1638,\"language\":\"Rust\",\"license\":\"GNU General Public License v3.0\",\"repo_name\":\"paritytech\\\/polkadot\",\"repo_link\":\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\",\"public_repos\":509,\"bio\":\"Solutions for a trust-free world\",\"type\":\"Organization\",\"username\":\"paritytech\",\"user_link\":\"https:\\\/\\\/github.com\\\/paritytech\",\"created_at\":\"2015-09-08 00:00:00\"}","telegram":"{\"title\":\"Polkadot (Read-only)\",\"description\":null,\"chat_id\":\"@PolkadotOfficial\",\"member_count\":24654}","domain":"{\"domain_rating\":79,\"ahrefs_top\":16077,\"traffic\":76193.11007995586,\"website\":\"https:\\\/\\\/polkadot.network\"}"},"buy_page":{"id":2935,"crypto_currency_id":32,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"polkadot-new-dot","created_at":"2023-05-24T12:46:26.000000Z","updated_at":"2024-01-02T12:03:37.000000Z","content":"<h2>Where to Buy Polkadot (DOT)?<\/h2>\n<p>One of the best places where to buy Polkadot is <a href=https://www.bitdegree.org/"//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, especially with a credit or debit card. Why? For one, <strong>it supports a huge variety of fiat currencies<\/strong>. Therefore, you can buy DOT using both - popular currencies like USD or EUR, as well as many others, like CHF, UGX, and more.<\/p>\n<p>Moreover, Binance is a convenient place to buy Polkadot not only for experienced users, but also for beginners. This is the case because <strong>the process of buying crypto on Binance is very easy<\/strong>, only requiring you to take a couple of steps.<\/p>\n<p>In addition to that, huge cryptocurrency exchanges like Binance usually have <strong>high trading volumes<\/strong>. This means that you'll easily find Polkadot sellers (and buyers), so you'll be able to make your purchase quickly, which is not the case with exchanges that have low trading volume.<\/p>","middle_cta_text":"You want to buy DOT with a credit or debit card, but you\u2019re unsure whether buying Polkadot with fiat is the best option? Well, let me tell you, it is! It\u2019s fast and convenient, especially if you are a beginner. However, you do have to pick a trustworthy cryptocurrency exchange to do that securely. Besides, buying DOT with a credit or debit card is not the only way you can purchase it with fiat - most exchanges usually allow other payment methods as well.","introduction":"While there\u2019s no doubt that every person might have their own reasons for buying Polkadot with a credit or debit card, one of those might definitely be the uniqueness of the network behind the crypto asset in question. Besides that, buying Polkadot could also be perceived as a smart investment due to the possibility of staking.","reasons":{"titles":["A Bridge Between Blockchains","A Profitable Investment","Govern the Polkadot Project","Stake to Secure the Network","What Can Polkadot & Similar Altcoins Be Used For?"],"texts":["One of the reasons why you might want to buy DOT with a credit or debit card is to become a part of the network that is widely known as a bridge between blockchains. Being a Layer 0 network, Polkadot aims to solve interoperability issues by allowing two chains to communicate with each other.","Buying Polkadot with a credit card (or any other method of payment) could be perceived as a profitable investment due to the fact that Polkadot tokens can be staked. By staking them, you are able to generate more Polkadot tokens, which means that you can easily grow your holdings.","Governance is one of the primary use cases of DOT tokens. Thus, once you buy DOT with a credit card, you can participate in shaping the future development of Polkadot. This is the case because DOT provides holders with voting rights, which can be used to participate in several on-chain voting mechanisms.","The Polkadot network employs the Proof-of-Stake (PoS) consensus mechanism, which essentially means that the network is secured and new blocks are created by validators. In order to become a validator, you have to stake DOT tokens. However, the best part about this is that validators get rewarded with more Polkadot tokens.","While there are many things you can do with Polkadot tokens, they have two main use cases - governing the Polkadot network and staking to secure it. This might be the main selling points that influence people to buy Polkadot with a credit or a debit card."]},"benefits":{"texts":["When talking about things you can do once you buy Polkadot with a credit card, it\u2019s worth noting that <strong>trading is, by far, one of the most common ways to use any crypto asset<\/strong>. Besides that, there is a variety of trading techniques that yield different results. To begin trading, however, you first have to pick a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">secure and renowned cryptocurrency exchange<\/a>.","Don\u2019t want to do anything once you buy Polkadot with a credit card? Okay, you can benefit from simply <strong>storing it in your crypto wallet<\/strong> as well. For instance, the DOT price could rise in the future, providing you with some profit. However, do note that it\u2019s important to have a secure crypto wallet. Your best bet is getting a <a href=https://www.bitdegree.org/"//crypto//hardware-crypto-wallet/">hardware wallet<\/a>, as it is one of the safest ways to store your crypto.","There are thousands of merchants all over the world that <strong>accept crypto as a payment method<\/strong>. For instance, there are grocery stores where you can use crypto to purchase food or movie theaters where you can use it to purchase movie tickets! Thus, once you buy DOT with a credit or debit card, you can use it to get some onions or go see the movie you\u2019ve wanted to watch for a while.","Once you buy Polkadot with a credit card, you don\u2019t necessarily have to hold on to it. Instead, you can <strong>send it to someone else<\/strong>. Be it your family member or your friend, you only need to make sure that they have a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">cryptocurrency wallet<\/a> that supports Polkadot. Overall, sending crypto is especially useful if you want to make international payments at a lower cost.","Did you buy Polkadot with a credit card a long time ago and held it ever since? Maybe its price increased over all this time? If so, you could consider <strong>selling it and maybe investing in another cryptocurrency<\/strong>. This way, you might preserve the profits you gained (<em>if you choose another cryptocurrency wisely<\/em>). Or, you also could sell it to someone through P2P trading and get fiat money.","Before deciding whether you really want to buy Polkadot with a credit or debit card, you should <strong>learn more about the crypto asset and the project behind it<\/strong>. You can use <a href=https://www.bitdegree.org/"//crypto//tutorials/">our tutorials<\/a> to learn everything there is to know about the Polkadot network and DOT token. However, if you already know it all, you can always look into other cryptocurrencies, or crypto topics in general."]},"faq":{"answers":["<p>DOT is the native token of the Polkadot network, which is widely known as a <strong>bridge between <a href=https://www.bitdegree.org/"//crypto//tutorials//history-of-blockchain/">blockchains. In essence, it allows different blockchains to communicate with one another. <strong>DOT is the governance token<\/strong>, which can also be staked to secure the network.<\/p>","<p>On one hand, Polkadot currency is pretty similar to <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">other cryptocurrencies<\/strong><\/a>. On the other hand, one of its distinguishing qualities is that <strong>it is a governance token that grants holders voting rights<\/strong>. What can they do with these voting rights? They can participate in various <strong>decision-making processes regarding the Polkadot project<\/strong>.<\/p>","<p>The main feature of Polkadot is that it is a <strong>Layer 0 network<\/strong>, which means that it lies beneath the other blockchains. Besides that, to secure the network, Polkadot employs the <strong>Proof-of-Stake (PoS) consensus mechanism<\/strong>, making staking a very important feature of DOT.<\/p>","<p>The Polkadot network is used as a <strong>communication channel between two different blockchains<\/strong>. Polkadot tokens, on the other hand, have two major purposes - <strong>governance and staking<\/strong>. When it comes to governance, DOT holders can vote on various decisions related to the Polkadot project. However, DOT staking is also an important process that helps to secure the network and yields rewards.<\/p>","<p>Whether it is worth to buy Polkadot with a credit card (or any other payment method) depends on many factors. Some of these factors include <strong>DOT&rsquo;s price at the time of purchase, your reasons for buying it, the state of the crypto market at that moment<\/strong>, and so on. However, if you want to become a part of the Polkadot network by governing and securing it, then I&rsquo;d say <strong>it&rsquo;s pretty worth it<\/strong>.<\/p>","<p>One of the best and most convenient ways to <strong>buy Polkadot is with a credit or debit card<\/strong>. However, to do that, you&rsquo;ll first have to pick a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">reliable cryptocurrency exchange<\/strong><\/a>. Though, if you don&rsquo;t want to use a credit \/ debit card, top-notch exchanges typically have other payment options as well.<\/p>"],"questions":["What is Polkadot?","How does Polkadot differ from other cryptocurrencies?","What are the main features of Polkadot?","What can Polkadot be used for?","Is Polkadot worth buying?","What is the best way to buy Polkadot?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-polkadot-new-dot"},"halving_page":null}" :fiat-currency=""USD"">
Layer 0<\/strong><\/a> meta protocol. It was created with the purpose of uniting different blockchains. However, in the grand scheme of things, it aims to provide <strong>a foundational network for the development of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-web-3-0/">Web3. DOT is the native token of the Polkadot network.<\/p>\n<p>If you&rsquo;re interested in the Polkadot price, check out the graph above.<\/p>\n<p>Essentially, Polkadot is referred to as a &ldquo;blockchain of blockchains.&rdquo; It connects specialized blockchains into one scalable network. By doing that, Polkadot <strong>allows users to transfer any type of data or assets across multiple networks<\/strong>. These networks include oracles, permissionless networks, as well as public and private blockchains.<\/p>\n<p>Since Polkadot is a Layer 0 protocol, it means that Polkadot lies beneath other blockchains. This allows the network to autonomously update its own codebase without creating any forks. Of course, the community must first propose and decide on these updates.<\/p>\n<p>Keep in mind that the DOT price, like many other cryptocurrencies, tends to fluctuate. Therefore, before making any purchase decisions, make sure to monitor the project's price charts.<\/p>\n<h2>The Story of Polkadot Network<\/h2>\n<p>Polkadot surely has an interesting story. Some people tend to relate it with <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum saying that Polkadot uses Ethereum to complete operations. Even though it has some relation to Ethereum, what you read in the previous sentence is not true.<\/p>\n<p>The creator of Polkadot is Gavin Wood. If you&rsquo;re not a newbie in the crypto world, you know that he was the CTO of Ethereum (thus the relation to Ethereum). Robert Habermeier and Peter Czaban are the other two co-founders of the project.<\/p>\n<p>The first version of Polkadot was released in 2019 as a canary network called Kusama. The network was unaudited. Though in 2020, the genesis block of Polkadot was released. Now, Kusama is like a dedicated space in the Polkadot network that acts as a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-testnet/">testnet, which allows developers to test various updates.<\/p>\n<h2>The Structure of Polkadot Network<\/h2>\n<p>On the surface, Polkadot appears to be a standard blockchain. However, if we looked deeper, it consists of four parts &ndash; Relay Chain, parachains, parathreads, and bridges.<\/p>\n<p><strong>The Relay Chain is the core of Polkadot<\/strong>. It revolves around consensus creation, interoperability, and shared security. Parachains, on the other hand, are the individual chains that are connected by the Polkadot network. Each parachain can have its own token and utility.&nbsp;<\/p>\n<p>Parathreads are also something like parachains, however, they are based on a pay-as-you-go economical model. Parachains and parathreads are connected by bridges. Besides acting as links between parachains and parathreads, bridges also allow them to interact with external blockchains.<\/p>\n<p>Additionally, when talking about structure, it&rsquo;s important to mention that Polkadot employs the nominated Proof-of-Stake (NPoS) mechanism. The mechanism consists of nominators and validators. This is essentially what makes the Polkadot network secure.<\/p>\n<p><strong>Validators<\/strong> are the ones that <strong>secure the network<\/strong> by staking Polkadot tokens and confirming transactions. Nominators also stake their DOT tokens but they do that to back the validators.<\/p>\n<p>Besides, the Polkadot treasury is another thing that keeps the network secure. Basically, <strong>every time tokens are traded within the network, a part of the trading fee goes to the treasury<\/strong>. It can then be used to improve the network.<\/p>\n<h2>The Main Features of Polkadot Network<\/h2>\n<p>The Polkadot network can have many labels as a network. However, these are among the main ones:<\/p>\n<ul>\n<li><strong>Community-driven network<\/strong>. One of the features of the Polkadot crypto asset is that it grants governance rights to its holders. Thus, Polkadot users can contribute to various changes and upgrades of the Polkadot network;<\/li>\n<li><strong>Sharded multi-chain network<\/strong>. This feature is related to the scalability of Polkadot. It allows the blockchain to process multiple transactions across different blockchains at the same time;<\/li>\n<li><strong>Highly versatile and adaptable network<\/strong>. The Polkadot network can be upgraded without creating a fork. Besides, the network allows users to easily share information and functionality with one another.<\/li>\n<\/ul>\n<h2>What About the DOT Token?<\/h2>\n<p>Now that you know the essence of the Polkadot network, let&rsquo;s get back to its token. For starters, note that the DOT token is inflationary. This means that its supply is not fixed.<\/p>\n<p>Initially, Polkadot coins were minted on Ethereum (again, the connection to Ethereum) during the first <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">ICO. At that time, 10 million DOT tokens were issued out of which 5 million were sold generating $145 million.<\/p>\n<p>As mentioned above, just like with most crypto assets on the market, the Polkadot price is pretty volatile. This means that the DOT price is affected by various factors that affect the whole market.<\/p>\n<p>When it comes to the usage of the Polkadot token, it can be used in three ways:<\/p>\n<ul>\n<li>For <strong>staking<\/strong>. By staking DOT tokens users get rewarded and contribute to the security of the network;<\/li>\n<li>For <strong>bonding<\/strong>. By bonding DOT tokens, new parachains are added to the network. Thus, by removing the tokens, the outdated parachains can be removed as well;<\/li>\n<li>As a <strong>governance token<\/strong>. Holders of DOT tokens have the ability to participate in the decision-making processes of the Polkadot network.<\/li>\n<\/ul>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/polkadot-new-dot-price","crypto_currency_info":{"id":334,"crypto_currency_id":32,"description":"Polkadot (DOT) is a cryptocurrency . Polkadot has a current supply of 1,103,303,471.382273 with 987,579,314.957085 in circulation. The last known price of Polkadot is 21.03399806 USD and is up 1.46 over the last 24 hours. It is currently trading on 319 active market(s) with $1,221,603,851.05 traded over the last 24 hours. More information can be found at https:\/\/polkadot.network\/.","tags":"[\"substrate\",\"polkadot\",\"binance-chain\",\"polkadot-ecosystem\",\"three-arrows-capital-portfolio\",\"polychain-capital-portfolio\",\"arrington-xrp-capital-portfolio\",\"blockchain-capital-portfolio\",\"boostvc-portfolio\",\"cms-holdings-portfolio\",\"coinfund-portfolio\",\"fabric-ventures-portfolio\",\"fenbushi-capital-portfolio\",\"hashkey-capital-portfolio\",\"kenetic-capital-portfolio\",\"1confirmation-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"exnetwork-capital-portfolio\",\"web3\",\"spartan-group\",\"injective-ecosystem\",\"bnb-chain\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/6636.png","original_links":"{\"website\":[\"https:\\\/\\\/polkadot.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/Polkadot\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/polkadot-network\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/polkascan.io\\\/\",\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"https:\\\/\\\/polkastats.io\",\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dot\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"],\"announcement\":[]}","links":"{\"website\":{\"polkadot.network\":\"https:\\\/\\\/polkadot.network\\\/\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/Polkadot\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/polkadot-network\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/dot\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"},\"explorer\":{\"polkascan.io\":\"http:\\\/\\\/polkascan.io\\\/\",\"polkadot-cc1.subscan.io\":\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"polkastats.io\":\"https:\\\/\\\/polkastats.io\",\"hubble.figment.io\":\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"bscscan.com\":\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"},\"source_code\":\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"}","data":"{\"id\":6636,\"name\":\"Polkadot\",\"symbol\":\"DOT\",\"category\":\"coin\",\"description\":\"Polkadot (DOT) is a cryptocurrency . Polkadot has a current supply of 1,103,303,471.382273 with 987,579,314.957085 in circulation. The last known price of Polkadot is 21.03399806 USD and is up 1.46 over the last 24 hours. It is currently trading on 319 active market(s) with $1,221,603,851.05 traded over the last 24 hours. More information can be found at https:\\\/\\\/polkadot.network\\\/.\",\"slug\":\"polkadot-new\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/6636.png\",\"subreddit\":\"dot\",\"notice\":\"Kindly note that the BSC and HECO contract addresses are for pegged versions of DOT.\",\"tags\":[\"substrate\",\"polkadot\",\"binance-chain\",\"polkadot-ecosystem\",\"three-arrows-capital-portfolio\",\"polychain-capital-portfolio\",\"arrington-xrp-capital-portfolio\",\"blockchain-capital-portfolio\",\"boostvc-portfolio\",\"cms-holdings-portfolio\",\"coinfund-portfolio\",\"fabric-ventures-portfolio\",\"fenbushi-capital-portfolio\",\"hashkey-capital-portfolio\",\"kenetic-capital-portfolio\",\"1confirmation-portfolio\",\"placeholder-ventures-portfolio\",\"pantera-capital-portfolio\",\"exnetwork-capital-portfolio\",\"web3\",\"spartan-group\",\"injective-ecosystem\",\"bnb-chain\"],\"tag-names\":[\"Substrate\",\"Polkadot\",\"Binance Chain\",\"Polkadot Ecosystem\",\"Three Arrows Capital Portfolio\",\"Polychain Capital Portfolio\",\"Arrington XRP Capital Portfolio\",\"Blockchain Capital Portfolio\",\"BoostVC Portfolio\",\"CMS Holdings Portfolio\",\"Coinfund Portfolio\",\"Fabric Ventures Portfolio\",\"Fenbushi Capital Portfolio\",\"Hashkey Capital Portfolio\",\"Kenetic Capital Portfolio\",\"1Confirmation Portfolio\",\"Placeholder Ventures Portfolio\",\"Pantera Capital Portfolio\",\"Exnetwork Capital Portfolio\",\"Web3\",\"Spartan Group\",\"Injective Ecosystem\",\"BNB Chain\"],\"tag-groups\":[\"CATEGORY\",\"PLATFORM\",\"PLATFORM\",\"PLATFORM\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"INDUSTRY\",\"CATEGORY\",\"PLATFORM\",\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/polkadot.network\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/Polkadot\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/polkadot-network\"],\"chat\":[\"https:\\\/\\\/t.me\\\/PolkadotOfficial\"],\"facebook\":[],\"explorer\":[\"http:\\\/\\\/polkascan.io\\\/\",\"https:\\\/\\\/polkadot-cc1.subscan.io\\\/\",\"https:\\\/\\\/polkastats.io\",\"https:\\\/\\\/hubble.figment.io\\\/polkadot\\\/chains\\\/polkadot\",\"https:\\\/\\\/bscscan.com\\\/token\\\/0x7083609fce4d1d8dc0c979aab8c869ea2c873402\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/dot\"],\"technical_doc\":[],\"source_code\":[\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\"],\"announcement\":[]},\"platform\":null,\"date_added\":\"2020-08-19T00:00:00.000Z\",\"twitter_username\":\"Polkadot\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[{\"contract_address\":\"0xa2c49cee16a5e5bdefde931107dc1fae9f7773e3\",\"platform\":{\"name\":\"HECO\",\"coin\":{\"id\":\"2502\",\"name\":\"Huobi Token\",\"symbol\":\"HT\",\"slug\":\"huobi-token\"}}},{\"contract_address\":\"0x7083609fce4d1d8dc0c979aab8c869ea2c873402\",\"platform\":{\"name\":\"BNB Smart Chain (BEP20)\",\"coin\":{\"id\":\"1839\",\"name\":\"BNB\",\"symbol\":\"BNB\",\"slug\":\"bnb\"}}}],\"self_reported_circulating_supply\":904869778,\"self_reported_tags\":null,\"self_reported_market_cap\":19030979243.77585}","launched_at":null,"created_at":"2022-03-25T14:20:19.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"social_profile":{"id":32,"profilable_type":"CryptoCurrency","profilable_id":32,"twitter":"{\"name\":\"Polkadot\",\"username\":\"@Polkadot\",\"follower_count\":1441062,\"following_count\":4,\"tweet_count\":7860,\"created_at\":\"2013-07-15 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"stars\":7057,\"watchers\":510,\"forks\":1638,\"language\":\"Rust\",\"license\":\"GNU General Public License v3.0\",\"repo_name\":\"paritytech\\\/polkadot\",\"repo_link\":\"https:\\\/\\\/github.com\\\/paritytech\\\/polkadot\",\"public_repos\":509,\"bio\":\"Solutions for a trust-free world\",\"type\":\"Organization\",\"username\":\"paritytech\",\"user_link\":\"https:\\\/\\\/github.com\\\/paritytech\",\"created_at\":\"2015-09-08 00:00:00\"}","telegram":"{\"title\":\"Polkadot (Read-only)\",\"description\":null,\"chat_id\":\"@PolkadotOfficial\",\"member_count\":24654}","domain":"{\"domain_rating\":79,\"ahrefs_top\":16077,\"traffic\":76193.11007995586,\"website\":\"https:\\\/\\\/polkadot.network\"}"},"buy_page":{"id":2935,"crypto_currency_id":32,"button_link":"https:\/\/www.bitdegree.org\/crypto\/goon\/binance","slug":"polkadot-new-dot","created_at":"2023-05-24T12:46:26.000000Z","updated_at":"2024-01-02T12:03:37.000000Z","content":"<h2>Where to Buy Polkadot (DOT)?<\/h2>\n<p>One of the best places where to buy Polkadot is <a href=https://www.bitdegree.org/"//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, especially with a credit or debit card. Why? For one, <strong>it supports a huge variety of fiat currencies<\/strong>. Therefore, you can buy DOT using both - popular currencies like USD or EUR, as well as many others, like CHF, UGX, and more.<\/p>\n<p>Moreover, Binance is a convenient place to buy Polkadot not only for experienced users, but also for beginners. This is the case because <strong>the process of buying crypto on Binance is very easy<\/strong>, only requiring you to take a couple of steps.<\/p>\n<p>In addition to that, huge cryptocurrency exchanges like Binance usually have <strong>high trading volumes<\/strong>. This means that you'll easily find Polkadot sellers (and buyers), so you'll be able to make your purchase quickly, which is not the case with exchanges that have low trading volume.<\/p>","middle_cta_text":"You want to buy DOT with a credit or debit card, but you\u2019re unsure whether buying Polkadot with fiat is the best option? Well, let me tell you, it is! It\u2019s fast and convenient, especially if you are a beginner. However, you do have to pick a trustworthy cryptocurrency exchange to do that securely. Besides, buying DOT with a credit or debit card is not the only way you can purchase it with fiat - most exchanges usually allow other payment methods as well.","introduction":"While there\u2019s no doubt that every person might have their own reasons for buying Polkadot with a credit or debit card, one of those might definitely be the uniqueness of the network behind the crypto asset in question. Besides that, buying Polkadot could also be perceived as a smart investment due to the possibility of staking.","reasons":{"titles":["A Bridge Between Blockchains","A Profitable Investment","Govern the Polkadot Project","Stake to Secure the Network","What Can Polkadot & Similar Altcoins Be Used For?"],"texts":["One of the reasons why you might want to buy DOT with a credit or debit card is to become a part of the network that is widely known as a bridge between blockchains. Being a Layer 0 network, Polkadot aims to solve interoperability issues by allowing two chains to communicate with each other.","Buying Polkadot with a credit card (or any other method of payment) could be perceived as a profitable investment due to the fact that Polkadot tokens can be staked. By staking them, you are able to generate more Polkadot tokens, which means that you can easily grow your holdings.","Governance is one of the primary use cases of DOT tokens. Thus, once you buy DOT with a credit card, you can participate in shaping the future development of Polkadot. This is the case because DOT provides holders with voting rights, which can be used to participate in several on-chain voting mechanisms.","The Polkadot network employs the Proof-of-Stake (PoS) consensus mechanism, which essentially means that the network is secured and new blocks are created by validators. In order to become a validator, you have to stake DOT tokens. However, the best part about this is that validators get rewarded with more Polkadot tokens.","While there are many things you can do with Polkadot tokens, they have two main use cases - governing the Polkadot network and staking to secure it. This might be the main selling points that influence people to buy Polkadot with a credit or a debit card."]},"benefits":{"texts":["When talking about things you can do once you buy Polkadot with a credit card, it\u2019s worth noting that <strong>trading is, by far, one of the most common ways to use any crypto asset<\/strong>. Besides that, there is a variety of trading techniques that yield different results. To begin trading, however, you first have to pick a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">secure and renowned cryptocurrency exchange<\/a>.","Don\u2019t want to do anything once you buy Polkadot with a credit card? Okay, you can benefit from simply <strong>storing it in your crypto wallet<\/strong> as well. For instance, the DOT price could rise in the future, providing you with some profit. However, do note that it\u2019s important to have a secure crypto wallet. Your best bet is getting a <a href=https://www.bitdegree.org/"//crypto//hardware-crypto-wallet/">hardware wallet<\/a>, as it is one of the safest ways to store your crypto.","There are thousands of merchants all over the world that <strong>accept crypto as a payment method<\/strong>. For instance, there are grocery stores where you can use crypto to purchase food or movie theaters where you can use it to purchase movie tickets! Thus, once you buy DOT with a credit or debit card, you can use it to get some onions or go see the movie you\u2019ve wanted to watch for a while.","Once you buy Polkadot with a credit card, you don\u2019t necessarily have to hold on to it. Instead, you can <strong>send it to someone else<\/strong>. Be it your family member or your friend, you only need to make sure that they have a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-wallet/">cryptocurrency wallet<\/a> that supports Polkadot. Overall, sending crypto is especially useful if you want to make international payments at a lower cost.","Did you buy Polkadot with a credit card a long time ago and held it ever since? Maybe its price increased over all this time? If so, you could consider <strong>selling it and maybe investing in another cryptocurrency<\/strong>. This way, you might preserve the profits you gained (<em>if you choose another cryptocurrency wisely<\/em>). Or, you also could sell it to someone through P2P trading and get fiat money.","Before deciding whether you really want to buy Polkadot with a credit or debit card, you should <strong>learn more about the crypto asset and the project behind it<\/strong>. You can use <a href=https://www.bitdegree.org/"//crypto//tutorials/">our tutorials<\/a> to learn everything there is to know about the Polkadot network and DOT token. However, if you already know it all, you can always look into other cryptocurrencies, or crypto topics in general."]},"faq":{"answers":["<p>DOT is the native token of the Polkadot network, which is widely known as a <strong>bridge between <a href=https://www.bitdegree.org/"//crypto//tutorials//history-of-blockchain/">blockchains. In essence, it allows different blockchains to communicate with one another. <strong>DOT is the governance token<\/strong>, which can also be staked to secure the network.<\/p>","<p>On one hand, Polkadot currency is pretty similar to <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency/">other cryptocurrencies<\/strong><\/a>. On the other hand, one of its distinguishing qualities is that <strong>it is a governance token that grants holders voting rights<\/strong>. What can they do with these voting rights? They can participate in various <strong>decision-making processes regarding the Polkadot project<\/strong>.<\/p>","<p>The main feature of Polkadot is that it is a <strong>Layer 0 network<\/strong>, which means that it lies beneath the other blockchains. Besides that, to secure the network, Polkadot employs the <strong>Proof-of-Stake (PoS) consensus mechanism<\/strong>, making staking a very important feature of DOT.<\/p>","<p>The Polkadot network is used as a <strong>communication channel between two different blockchains<\/strong>. Polkadot tokens, on the other hand, have two major purposes - <strong>governance and staking<\/strong>. When it comes to governance, DOT holders can vote on various decisions related to the Polkadot project. However, DOT staking is also an important process that helps to secure the network and yields rewards.<\/p>","<p>Whether it is worth to buy Polkadot with a credit card (or any other payment method) depends on many factors. Some of these factors include <strong>DOT&rsquo;s price at the time of purchase, your reasons for buying it, the state of the crypto market at that moment<\/strong>, and so on. However, if you want to become a part of the Polkadot network by governing and securing it, then I&rsquo;d say <strong>it&rsquo;s pretty worth it<\/strong>.<\/p>","<p>One of the best and most convenient ways to <strong>buy Polkadot is with a credit or debit card<\/strong>. However, to do that, you&rsquo;ll first have to pick a <a href=https://www.bitdegree.org/"//crypto//best-cryptocurrency-exchange/">reliable cryptocurrency exchange<\/strong><\/a>. Though, if you don&rsquo;t want to use a credit \/ debit card, top-notch exchanges typically have other payment options as well.<\/p>"],"questions":["What is Polkadot?","How does Polkadot differ from other cryptocurrencies?","What are the main features of Polkadot?","What can Polkadot be used for?","Is Polkadot worth buying?","What is the best way to buy Polkadot?"]},"status":"published","url":"https:\/\/www.bitdegree.org\/crypto\/buy-polkadot-new-dot"},"halving_page":null}" :fiat-currency="{"name":"US Dollar","logo":"crypto-prices\/fiat-logos\/USD.svg","currency_code":"USD","sign":"$","price":1}" :fiat-currencies="[{"name":"US Dollar","currency_code":"USD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/USD.svg","price":"1.00"},{"name":"Australian Dollar","currency_code":"AUD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/AUD.svg","price":"1.48"},{"name":"Brazilian Real","currency_code":"BRL","sign":"R$","logo":"\/crypto-prices\/fiat-logos\/BRL.svg","price":"4.85"},{"name":"Canadian Dollar","currency_code":"CAD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/CAD.svg","price":"1.33"},{"name":"Swiss Franc","currency_code":"CHF","sign":"Fr","logo":"\/crypto-prices\/fiat-logos\/CHF.svg","price":"0.85"},{"name":"Chilean Peso","currency_code":"CLP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/CLP.svg","price":"899.93"},{"name":"Chinese Yuan","currency_code":"CNY","sign":"\u00a5","logo":"\/crypto-prices\/fiat-logos\/CNY.svg","price":"7.06"},{"name":"Czech Koruna","currency_code":"CZK","sign":"K\u010d","logo":"\/crypto-prices\/fiat-logos\/CZK.svg","price":"22.30"},{"name":"Danish Krone","currency_code":"DKK","sign":"kr","logo":"\/crypto-prices\/fiat-logos\/DKK.svg","price":"6.78"},{"name":"Euro","currency_code":"EUR","sign":"\u20ac","logo":"\/crypto-prices\/fiat-logos\/EUR.svg","price":"0.91"},{"name":"Pound Sterling","currency_code":"GBP","sign":"\u00a3","logo":"\/crypto-prices\/fiat-logos\/GBP.svg","price":"0.78"},{"name":"Hong Kong Dollar","currency_code":"HKD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/HKD.svg","price":"7.77"},{"name":"Hungarian Forint","currency_code":"HUF","sign":"Ft","logo":"\/crypto-prices\/fiat-logos\/HUF.svg","price":"343.42"},{"name":"Indonesian Rupiah","currency_code":"IDR","sign":"Rp","logo":"\/crypto-prices\/fiat-logos\/IDR.svg","price":"15437.19"},{"name":"Israeli New Shekel","currency_code":"ILS","sign":"\u20aa","logo":"\/crypto-prices\/fiat-logos\/ILS.svg","price":"3.69"},{"name":"Indian Rupee","currency_code":"INR","sign":"\u20b9","logo":"\/crypto-prices\/fiat-logos\/INR.svg","price":"82.67"},{"name":"Japanese Yen","currency_code":"JPY","sign":"\u00a5","logo":"\/crypto-prices\/fiat-logos\/JPY.svg","price":"143.58"},{"name":"South Korean Won","currency_code":"KRW","sign":"\u20a9","logo":"\/crypto-prices\/fiat-logos\/KRW.svg","price":"1306.29"},{"name":"Mexican Peso","currency_code":"MXN","sign":"$","logo":"\/crypto-prices\/fiat-logos\/MXN.svg","price":"16.76"},{"name":"Malaysian Ringgit","currency_code":"MYR","sign":"RM","logo":"\/crypto-prices\/fiat-logos\/MYR.svg","price":"4.63"},{"name":"Norwegian Krone","currency_code":"NOK","sign":"kr","logo":"\/crypto-prices\/fiat-logos\/NOK.svg","price":"10.32"},{"name":"New Zealand Dollar","currency_code":"NZD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/NZD.svg","price":"1.59"},{"name":"Philippine Peso","currency_code":"PHP","sign":"\u20b1","logo":"\/crypto-prices\/fiat-logos\/PHP.svg","price":"55.50"},{"name":"Pakistani Rupee","currency_code":"PKR","sign":"\u20a8","logo":"\/crypto-prices\/fiat-logos\/PKR.svg","price":"280.08"},{"name":"Polish Z\u0142oty","currency_code":"PLN","sign":"z\u0142","logo":"\/crypto-prices\/fiat-logos\/PLN.svg","price":"3.94"},{"name":"Russian Ruble","currency_code":"RUB","sign":"\u20bd","logo":"\/crypto-prices\/fiat-logos\/RUB.svg","price":"90.49"},{"name":"Swedish Krona","currency_code":"SEK","sign":"kr","logo":"\/crypto-prices\/fiat-logos\/SEK.svg","price":"10.18"},{"name":"Singapore Dollar","currency_code":"SGD","sign":"S$","logo":"\/crypto-prices\/fiat-logos\/SGD.svg","price":"1.33"},{"name":"Thai Baht","currency_code":"THB","sign":"\u0e3f","logo":"\/crypto-prices\/fiat-logos\/THB.svg","price":"34.79"},{"name":"Turkish Lira","currency_code":"TRY","sign":"\u20ba","logo":"\/crypto-prices\/fiat-logos\/TRY.svg","price":"29.78"},{"name":"New Taiwan Dollar","currency_code":"TWD","sign":"NT$","logo":"\/crypto-prices\/fiat-logos\/TWD.svg","price":"30.59"},{"name":"South African Rand","currency_code":"ZAR","sign":"R","logo":"\/crypto-prices\/fiat-logos\/ZAR.svg","price":"18.50"},{"name":"UAE Dirham","currency_code":"AED","sign":"\u062f.\u0625","logo":"\/crypto-prices\/fiat-logos\/AED.svg","price":"3.65"},{"name":"Bulgarian Lev","currency_code":"BGN","sign":"\u043b\u0432","logo":"\/crypto-prices\/fiat-logos\/BGN.svg","price":"1.78"},{"name":"Croatian Kuna","currency_code":"HRK","sign":"kn","logo":"\/crypto-prices\/fiat-logos\/HRK.svg","price":"6.95"},{"name":"Mauritian Rupee","currency_code":"MUR","sign":"\u20a8","logo":"\/crypto-prices\/fiat-logos\/MUR.svg","price":"44.75"},{"name":"Romanian Leu","currency_code":"RON","sign":"lei","logo":"\/crypto-prices\/fiat-logos\/RON.svg","price":"4.52"},{"name":"Icelandic Kr\u00f3na","currency_code":"ISK","sign":"kr","logo":"\/crypto-prices\/fiat-logos\/ISK.svg","price":"137.01"},{"name":"Nigerian Naira","currency_code":"NGN","sign":"\u20a6","logo":"\/crypto-prices\/fiat-logos\/NGN.svg","price":"880.83"},{"name":"Colombian Peso","currency_code":"COP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/COP.svg","price":"3867.01"},{"name":"Argentine Peso","currency_code":"ARS","sign":"$","logo":"\/crypto-prices\/fiat-logos\/ARS.svg","price":"810.20"},{"name":"Peruvian Sol","currency_code":"PEN","sign":"S\/.","logo":"\/crypto-prices\/fiat-logos\/PEN.svg","price":"3.70"},{"name":"Vietnamese Dong","currency_code":"VND","sign":"\u20ab","logo":"\/crypto-prices\/fiat-logos\/VND.svg","price":"24235.40"},{"name":"Ukrainian Hryvnia","currency_code":"UAH","sign":"\u20b4","logo":"\/crypto-prices\/fiat-logos\/UAH.svg","price":"38.05"},{"name":"Bolivian Boliviano","currency_code":"BOB","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/BOB.svg","price":"6.87"},{"name":"Albanian Lek","currency_code":"ALL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/ALL.svg","price":"94.94"},{"name":"Armenian Dram","currency_code":"AMD","sign":"\u058f","logo":"\/crypto-prices\/fiat-logos\/AMD.svg","price":"402.43"},{"name":"Azerbaijani Manat","currency_code":"AZN","sign":"\u20bc","logo":"\/crypto-prices\/fiat-logos\/AZN.svg","price":"1.69"},{"name":"Bosnia-Herzegovina Convertible Mark","currency_code":"BAM","sign":"KM","logo":"\/crypto-prices\/fiat-logos\/BAM.svg","price":"1.78"},{"name":"Bangladeshi Taka","currency_code":"BDT","sign":"\u09f3","logo":"\/crypto-prices\/fiat-logos\/BDT.svg","price":"109.19"},{"name":"Bahraini Dinar","currency_code":"BHD","sign":".\u062f.\u0628","logo":"\/crypto-prices\/fiat-logos\/BHD.svg","price":"0.37"},{"name":"Bermudan Dollar","currency_code":"BMD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/BMD.svg","price":"1.00"},{"name":"Belarusian Ruble","currency_code":"BYN","sign":"Br","logo":"\/crypto-prices\/fiat-logos\/BYN.svg","price":"3.28"},{"name":"Costa Rican Col\u00f3n","currency_code":"CRC","sign":"\u20a1","logo":"\/crypto-prices\/fiat-logos\/CRC.svg","price":"517.05"},{"name":"Cuban Peso","currency_code":"CUP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/CUP.svg","price":"26.38"},{"name":"Dominican Peso","currency_code":"DOP","sign":"$","logo":"\/crypto-prices\/fiat-logos\/DOP.svg","price":"58.38"},{"name":"Algerian Dinar","currency_code":"DZD","sign":"\u062f.\u062c","logo":"\/crypto-prices\/fiat-logos\/DZD.svg","price":"133.89"},{"name":"Egyptian Pound","currency_code":"EGP","sign":"\u00a3","logo":"\/crypto-prices\/fiat-logos\/EGP.svg","price":"30.76"},{"name":"Georgian Lari","currency_code":"GEL","sign":"\u20be","logo":"\/crypto-prices\/fiat-logos\/GEL.svg","price":"2.67"},{"name":"Ghanaian Cedi","currency_code":"GHS","sign":"\u20b5","logo":"\/crypto-prices\/fiat-logos\/GHS.svg","price":"11.90"},{"name":"Guatemalan Quetzal","currency_code":"GTQ","sign":"Q","logo":"\/crypto-prices\/fiat-logos\/GTQ.svg","price":"7.78"},{"name":"Honduran Lempira","currency_code":"HNL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/HNL.svg","price":"24.63"},{"name":"Iraqi Dinar","currency_code":"IQD","sign":"\u0639.\u062f","logo":"\/crypto-prices\/fiat-logos\/IQD.svg","price":"1304.10"},{"name":"Iranian Rial","currency_code":"IRR","sign":"\ufdfc","logo":"\/crypto-prices\/fiat-logos\/IRR.svg","price":"41848.25"},{"name":"Jamaican Dollar","currency_code":"JMD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/JMD.svg","price":"153.63"},{"name":"Jordanian Dinar","currency_code":"JOD","sign":"\u062f.\u0627","logo":"\/crypto-prices\/fiat-logos\/JOD.svg","price":"0.71"},{"name":"Kenyan Shilling","currency_code":"KES","sign":"Sh","logo":"\/crypto-prices\/fiat-logos\/KES.svg","price":"157.04"},{"name":"Kyrgystani Som","currency_code":"KGS","sign":"\u0441","logo":"\/crypto-prices\/fiat-logos\/KGS.svg","price":"88.67"},{"name":"Cambodian Riel","currency_code":"KHR","sign":"\u17db","logo":"\/crypto-prices\/fiat-logos\/KHR.svg","price":"4081.55"},{"name":"Kuwaiti Dinar","currency_code":"KWD","sign":"\u062f.\u0643","logo":"\/crypto-prices\/fiat-logos\/KWD.svg","price":"0.31"},{"name":"Kazakhstani Tenge","currency_code":"KZT","sign":"\u20b8","logo":"\/crypto-prices\/fiat-logos\/KZT.svg","price":"451.53"},{"name":"Lebanese Pound","currency_code":"LBP","sign":"\u0644.\u0644","logo":"\/crypto-prices\/fiat-logos\/LBP.svg","price":"14940.43"},{"name":"Sri Lankan Rupee","currency_code":"LKR","sign":"Rs","logo":"\/crypto-prices\/fiat-logos\/LKR.svg","price":"321.05"},{"name":"Moroccan Dirham","currency_code":"MAD","sign":"\u062f.\u0645.","logo":"\/crypto-prices\/fiat-logos\/MAD.svg","price":"9.89"},{"name":"Moldovan Leu","currency_code":"MDL","sign":"L","logo":"\/crypto-prices\/fiat-logos\/MDL.svg","price":"17.40"},{"name":"Macedonian Denar","currency_code":"MKD","sign":"\u0434\u0435\u043d","logo":"\/crypto-prices\/fiat-logos\/MKD.svg","price":"55.93"},{"name":"Myanma Kyat","currency_code":"MMK","sign":"Ks","logo":"\/crypto-prices\/fiat-logos\/MMK.svg","price":"2089.47"},{"name":"Mongolian Tugrik","currency_code":"MNT","sign":"\u20ae","logo":"\/crypto-prices\/fiat-logos\/MNT.svg","price":"3396.68"},{"name":"Namibian Dollar","currency_code":"NAD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/NAD.svg","price":"18.51"},{"name":"Nicaraguan C\u00f3rdoba","currency_code":"NIO","sign":"C$","logo":"\/crypto-prices\/fiat-logos\/NIO.svg","price":"36.58"},{"name":"Nepalese Rupee","currency_code":"NPR","sign":"\u20a8","logo":"\/crypto-prices\/fiat-logos\/NPR.svg","price":"132.36"},{"name":"Omani Rial","currency_code":"OMR","sign":"\u0631.\u0639.","logo":"\/crypto-prices\/fiat-logos\/OMR.svg","price":"0.38"},{"name":"Panamanian Balboa","currency_code":"PAB","sign":"B\/.","logo":"\/crypto-prices\/fiat-logos\/PAB.svg","price":"0.99"},{"name":"Qatari Rial","currency_code":"QAR","sign":"\u0631.\u0642","logo":"\/crypto-prices\/fiat-logos\/QAR.svg","price":"3.63"},{"name":"Serbian Dinar","currency_code":"RSD","sign":"\u0434\u0438\u043d.","logo":"\/crypto-prices\/fiat-logos\/RSD.svg","price":"106.58"},{"name":"Saudi Riyal","currency_code":"SAR","sign":"\u0631.\u0633","logo":"\/crypto-prices\/fiat-logos\/SAR.svg","price":"3.74"},{"name":"South Sudanese Pound","currency_code":"SSP","sign":"\u00a3","logo":"\/crypto-prices\/fiat-logos\/SSP.svg","price":"1.41"},{"name":"Tunisian Dinar","currency_code":"TND","sign":"\u062f.\u062a","logo":"\/crypto-prices\/fiat-logos\/TND.svg","price":"3.08"},{"name":"Trinidad and Tobago Dollar","currency_code":"TTD","sign":"$","logo":"\/crypto-prices\/fiat-logos\/TTD.svg","price":"6.75"},{"name":"Ugandan Shilling","currency_code":"UGX","sign":"Sh","logo":"\/crypto-prices\/fiat-logos\/UGX.svg","price":"3790.53"},{"name":"Uruguayan Peso","currency_code":"UYU","sign":"$","logo":"\/crypto-prices\/fiat-logos\/UYU.svg","price":"39.05"},{"name":"Uzbekistan Som","currency_code":"UZS","sign":"so'm","logo":"\/crypto-prices\/fiat-logos\/UZS.svg","price":"12339.20"},{"name":"Sovereign Bolivar","currency_code":"VES","sign":"Bs.","logo":"\/crypto-prices\/fiat-logos\/VES.svg","price":"35.74"}]" buy-url="">

Polkadot (DOT) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.05%

Joined at Jul 15, 2013

Following

4

0.00%

Tweet count

7,860

0.27%

Polkadot reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Polkadot (DOT) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Polkadot telegram
Telegram Stats
Visit Telegram

Members

0.25%

Title

Polkadot (Read-only)

Polkadot traffic
Website Traffic
Visit Website

Website Rating (DR)

79 / 100

0.00%

Ahrefs Rank

16,077

0.01%

Organic Traffic (mo.)

76,193

5.04%

Polkadot github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 08, 2015

Type

Organization

Polkadot github
GitHub Public Repository
Visit GitHub

Stars

0.06%

Watchers

510

0.00%

Forks

1,638

0.06%

Language

Rust

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 1,441,062

Members: 24,654

Stars: 7,057

Polkadot Price Statistics

Polkadot Price
$7.16
Price Change 24h
-$0.2192
3.06%
24h Low / 24h High
$6.98 /
$7.47
All Time High
Nov 04, 2021 (2 years 2 months ago)
$55.00
86.97%
All Time Low
Dec 11, 2022 (1 year 4 weeks ago)
$2.10
240.76%
Trading Volume 24h
$244,118,629
2.04%
Volume / Market Cap
0.0269
Market Dominance
0.52%
Market Rank
#13
Market Cap
$9,071,087,505
3.06%
Fully Diluted Market Cap
$10,018,660,936
3.06%

Live DOT Price Analysis

The current real time Polkadot price is $7.16, and its trading volume is $244,118,629 in the last 24 hours. DOT price has plummeted by 3.06% in the last day, and decreased by 15.79% in the last 7 days. It’s important to note that current Polkadot market capitalization is $9,071,087,505, Talking about circulating supply, DOT has 1,266,125,184 coins. Currently, Polkadot rank on the market is #13.

Polkadot price today is 86.97% below all time high, and it is 240.76% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling DOT are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Polkadot (DOT)?

Polkadot is an open-source blockchain and a Layer 0 meta protocol. It was created with the purpose of uniting different blockchains. However, in the grand scheme of things, it aims to provide a foundational network for the development of Web3. DOT is the native token of the Polkadot network.

If you’re interested in the Polkadot price, check out the graph above.

Essentially, Polkadot is referred to as a “blockchain of blockchains.” It connects specialized blockchains into one scalable network. By doing that, Polkadot allows users to transfer any type of data or assets across multiple networks. These networks include oracles, permissionless networks, as well as public and private blockchains.

Since Polkadot is a Layer 0 protocol, it means that Polkadot lies beneath other blockchains. This allows the network to autonomously update its own codebase without creating any forks. Of course, the community must first propose and decide on these updates.

Keep in mind that the DOT price, like many other cryptocurrencies, tends to fluctuate. Therefore, before making any purchase decisions, make sure to monitor the project's price charts.

The Story of Polkadot Network

Polkadot surely has an interesting story. Some people tend to relate it with Ethereum saying that Polkadot uses Ethereum to complete operations. Even though it has some relation to Ethereum, what you read in the previous sentence is not true.

The creator of Polkadot is Gavin Wood. If you’re not a newbie in the crypto world, you know that he was the CTO of Ethereum (thus the relation to Ethereum). Robert Habermeier and Peter Czaban are the other two co-founders of the project.

The first version of Polkadot was released in 2019 as a canary network called Kusama. The network was unaudited. Though in 2020, the genesis block of Polkadot was released. Now, Kusama is like a dedicated space in the Polkadot network that acts as a testnet, which allows developers to test various updates.

The Structure of Polkadot Network

On the surface, Polkadot appears to be a standard blockchain. However, if we looked deeper, it consists of four parts – Relay Chain, parachains, parathreads, and bridges.

The Relay Chain is the core of Polkadot. It revolves around consensus creation, interoperability, and shared security. Parachains, on the other hand, are the individual chains that are connected by the Polkadot network. Each parachain can have its own token and utility. 

Parathreads are also something like parachains, however, they are based on a pay-as-you-go economical model. Parachains and parathreads are connected by bridges. Besides acting as links between parachains and parathreads, bridges also allow them to interact with external blockchains.

Additionally, when talking about structure, it’s important to mention that Polkadot employs the nominated Proof-of-Stake (NPoS) mechanism. The mechanism consists of nominators and validators. This is essentially what makes the Polkadot network secure.

Validators are the ones that secure the network by staking Polkadot tokens and confirming transactions. Nominators also stake their DOT tokens but they do that to back the validators.

Besides, the Polkadot treasury is another thing that keeps the network secure. Basically, every time tokens are traded within the network, a part of the trading fee goes to the treasury. It can then be used to improve the network.

The Main Features of Polkadot Network

The Polkadot network can have many labels as a network. However, these are among the main ones:

  • Community-driven network. One of the features of the Polkadot crypto asset is that it grants governance rights to its holders. Thus, Polkadot users can contribute to various changes and upgrades of the Polkadot network;
  • Sharded multi-chain network. This feature is related to the scalability of Polkadot. It allows the blockchain to process multiple transactions across different blockchains at the same time;
  • Highly versatile and adaptable network. The Polkadot network can be upgraded without creating a fork. Besides, the network allows users to easily share information and functionality with one another.

What About the DOT Token?

Now that you know the essence of the Polkadot network, let’s get back to its token. For starters, note that the DOT token is inflationary. This means that its supply is not fixed.

Initially, Polkadot coins were minted on Ethereum (again, the connection to Ethereum) during the first ICO. At that time, 10 million DOT tokens were issued out of which 5 million were sold generating $145 million.

As mentioned above, just like with most crypto assets on the market, the Polkadot price is pretty volatile. This means that the DOT price is affected by various factors that affect the whole market.

When it comes to the usage of the Polkadot token, it can be used in three ways:

  • For staking. By staking DOT tokens users get rewarded and contribute to the security of the network;
  • For bonding. By bonding DOT tokens, new parachains are added to the network. Thus, by removing the tokens, the outdated parachains can be removed as well;
  • As a governance token. Holders of DOT tokens have the ability to participate in the decision-making processes of the Polkadot network.

What's Polkadot trading volume in the last 24 hours?

DOT has a trading volume of $244,118,629 in the last 24 hours.

What's Polkadot highest price ever?

DOT has a highest price of $55.00, which was reached on Nov 04, 2021 (2 years 2 months ago).

What's Polkadot lowest price ever?

DOT has a lowest price of $2.10, which was reached on Dec 11, 2022 (1 year 4 weeks ago).

What are the best exchanges for buying and selling DOT?

Currently, the most active and dominating exchanges for buying and selling Polkadot are Binance, Kraken & Kucoin. The most popular Polkadot trading pairs are DOT/USDT (on Binance ), DOT/KRW (on Upbit ), DOT/USDT (on DigiFinex ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping DOT?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Polkadot. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Polkadot

Read the hottest Crypto News.

Watch Animated Crypto Video Explainers.

Learn Crypto From Scratch.

Latest Crypto Videos & News

Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Polkadot project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,266,125,184 DOT

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Polkadot is $7.16

binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating