• AlephZero was added to Polkadot as the 38th parachain.
• Despite declining activity, staker interest and development activity increased.

AlephZero, a zkSnark based cryptocurrency, was added to Polkadot [DOT] as the 38th parachain on the network. This addition to Polkadot could likely improve the state of its ecosystem. However, despite the growing ecosystem, there were areas where Polkadot did not show any improvement.

Recently, @Aleph__Zero officially became the 38th #parachain on @Polkadot

With new technology solutions, 👀 let’s see if #AlephZero has a chance of narrowing the gap between them all

Below are their technology solutions 👇#Polkadot $DOT #DOT #AZERO pic.twitter.com/YWmKGyfK2l

— Polkadot Insider (@PolkadotInsider) February 1, 2023

Read Polkadot’s [DOT] Price Prediction 2023-2024

According to a tweet by Polkadot Insider, the overall transfer amount for DOT decreased over the last week. Subsequently, the revenue generated by Polkadot declined as well.

👀 Let’s get to know the on-chain weekly recap of @Polkadot👇

The below picture illustrates:
👉Daily transfer amount
👉DAILY NEW USERS
👉Total revenue #Polkadot #DOT $DOT pic.twitter.com/olcwyeYR1b

— Polkadot Insider (@PolkadotInsider) January 31, 2023

Stakers show faith

Despite this decline in overall activity on Polkadot, stakers on the network continued to show interest in the cryptocurrency. This could be due to the introduction of nomination pools, which would allow…