Today’s minor bullish surge by Polkadot (DOT) coincides with the market’s overall rebound. According to information from CoinMarketCap, Polkadot is currently trading at $4.57, up by more than 2.54% over the last 24 hours and more than 5% over the last seven days.
Polkadot ecosystem diversity
When it comes to the growth of its ecosystem, Polkadot has been a particularly aggressive low-ranger among its competing Layer 1 blockchain protocols, which is translating to price increase. On the Polkadot network, there is constantly a lot going on.
There are several upgrade ideas available for members of the Polkadot ecosystem to choose from as they determine the future of the blockchain protocol, according to a Bill Laboon update. The idea to include DOT as an asset on the Kusama Asset Hub is one of the most well-known of these improvements.
It will be a game-changer to vote on this proposal since it would improve the interoperability between Polkadot and Kusama, which has served as its canary network since the beginning. Additional information is available on the impending parachain leasing auction, in which Astar Network is now in a commanding position.
Polkadot parachain milestones
Moonbeam and Astar Network are two of the most well-known parachains, which are tiny sidechains that Polkadot hosts. The Polkadot ecosystem depends heavily on these parachains since they are the source of the majority of the innovations that are being introduced to the network.
To accelerate the adoption of blockchain across many industries, projects like Astar Network have proceeded to sign a number of strategic collaborations with leading non-crypto native companies. It won’t be shocking because Polkadot is a community-driven initiative if the top highlighted parachains continue to be included there; this development will inevitably exert upward positive pressure on the DOT price.
