Hoće li se Binanceova podrška Polkadotu pokazati plodonosnom?

• Binance’s support of Polkadot’s USDT led to a 125% surge in volume on the Statemint parachain.
• Despite declining activity and sentiment, Polkadot saw growth in stakers and development activity.

Polkadot [DOT], despite its vast array of parachains, hasn’t been able to compete with other cryptocurrencies in various areas. However, Binance’s [BNB] recent support of Polkadot’s USDT could help turn things around for the protocol.

Pročitajte Polkadotovo [DOT] predviđanje cijena 2023-2024

Some positive developments

Binance’s support of Polkadot’s USDT has yielded positive results for the protocol, as indicated by recent on-chain data. The volume of USDT on Polkadot’s parachain Statemint experienced an impressive surge of 125% in just one day, following the news of Binance’s integration.

1/ Podaci na lancu otkrivaju ukupan volumen @tether_to (USDT) na sistemu parachain Statemint je porastao za 125% u jednom danu.

Ovo slijedi nakon jučerašnje vijesti da je @Binance burza je počela podržavati USDT na Polkadotu…https://t.co/4pEwwZFZP0 pic.twitter.com/tawXsUu47t

- Polkadot (@Polkadot) Može 26, 2023

However, despite this encouraging development, Polkadot has faced challenges in terms of daily activity and revenue. Data from Token Terminal revealed a significant 55% decline in daily active users on the Polkadot network over the past 30 days. The revenue generated by Polkadot also experienced a notable decrease of 24.9% during the same period.

Izvor: Token Terminal

The social factor

The social landscape has not been favorable for Polkadot either. Social mentions related to Polkadot declined by 39.8% in the past month, highlighting a lack of growth and diminishing social dominance for the protocol.

Furthermore, sentiment around Polkadot has taken a negative turn. According to Santiment’s data, the weighted sentiment surrounding Polkadot has experienced a significant decline over the past month, indicating increased skepticism about its future prospects.

Izvor: Santiment

Despite these challenges, stakers continue to show interest in Polkadot. Data from Staking Rewards indicates that the number of stakers on the Polkadot network has grown by 4.23% in the last month, demonstrating ongoing engagement and participation in the staking process.

Na DOT

While Polkadot’s native token, DOT, has seen a decline in both price and volume, there is promising news on the development front. Development activity within the Polkadot network has witnessed a significant surge, suggesting that new upgrades and updates may be on the horizon.

Realno ili ne, ovo je DOT tržišna kapitalizacija u smislu BTC-a

These upcoming enhancements have the potential to attract more users to the Polkadot protocol and the DOT token, fostering renewed interest and utilization within the ecosystem.

Despite recent challenges, Binance’s support of Polkadot’s USDT integration offers a glimmer of hope for the protocol, as it seeks to strengthen its position and compete more effectively within the cryptocurrency landscape.

Izvor: Santiment