Will Polkadot’s [DOT] new parachain fix the blockchain?
, 2023-02-01 15:32:40,
- 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…
To read the original article from news.google.com Click here
Private Internet Access gives you unparalleled access to thousands of next-gen servers in over 83 countries and each US state. Your VPN experience will always be fast, smooth, and reliable.