Polkadot
Polkadot enables interoperability between multiple blockchains through its relay chain and parachain architecture. It allows for customized, interconnected blockchains with shared security. DOT is used for staking, governance, and bonding parachains. The project is ideal for those betting on a multichain future and cross-chain innovation.
| Polkadot | |
|---|---|
| Market Cap Rank | 14 |
| Sector / Use Case | Interoperability |
| Consensus Mechanism | Proof-of-Stake |
| Year Launched | 2020 |
| Current Price Range | $3-$15 |
| All-Time High | $55 (Nov 2021) |
| Staking Rewards (%) | 10-14% |
| Developer Activity Level | High |
| Institutional Adoption | Moderate |
| Notable Features | Cross-chain compatibility & parachains |
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