Uniswap: Chances of UNI’s long bet win in future are very…
Cardano holders marvel at the opportunity as ADA flips XRP in…
Will Bitcoin continue crashing; what’s the source of its latest downside
Investors should read this before selling ETC ahead of Merge
Can Bitcoin mining have a net-positive effect on energy, environment
Will Bitcoin continue crashing; what’s the source of its latest downside
Can Bitcoin mining have a net-positive effect on energy, environment
A quiet September? Here’s what’s in store for Bitcoin [BTC]
Here’s why Bitcoin [BTC]’s September gains may be nothing more than a façade
Bitcoin [BTC]: Should investors expect bullish correction this month
Ethereum [ETH]: Is the Merge really ‘priced in?’ This exec claims…
Ethereum: Here’s why the ETH Merge is not all rainbows and sunshine
Are ETH’s leveraged long position liquidations suppressing its potential upside
Ethereum: Any LAMBO chances on holding ETH? Buterin has answer
Ethereum investors planning to profit on Merge day should read this
Published
on
By
Polkadot [DOT] is beginning to emerge as the “greenest” layer 1 blockchain as latest data reveals. As we know, Ethereum [ETH] is shifting from Proof-of-Work to an eco-friendly Proof-of-Stake mechanism.
Despite this transition, Polkadot will continue to dominate energy consumption metrics by blockchains. According to Polkadot Insider, the network is leading other L1s such as Avalanche, Solana and Cardano at 0.1 GWh.
It is only matched by Tezos which still lags behind Polkadot’s scalability.
Source: Polkadot Insider
Polkadot Insider also posted a tweet about the top performing projects on the network. This was calculated using the Galaxy Score which evaluates the overall health and quality of the token of the projects.
According to the update, ChainX stood to be the best rated project on Polkadot with an index value of 59. It was followed by Moonbeam at 58 and TribeOne at 57.
Source: Polkadot Insider
The same platform also talks about the most traded tokens on Polkadot in the last 24 hours. The update claims that LINK was the top trader-friendly token with a volume of $254.7 million at the time of writing.
It was followed by Polkadot’s own DOT token at $242.7 million. At third is the MXC token with far-off trading volume at $27.8 million.
According to CoinMarketCap, DOT has been showing promise recently with over 3% weekly gains. It was trading at $7.26 at press time which was also aided by a 30% increase trading volume in the past 24 hours.
Despite this latest increase, trading activity has fallen down heavily in the past months. As we can see in the chart below, the fall is evident in the past three months.
Source: Santiment
There is short term promise for Polkadot traders right now with the daily chart also showing bullish activity on the network. But the stringent market conditions continue to hamper progress in the crypto market. DOT activity will become a crucial factor ahead for the network to progress in the future.

Shiba Inu [SHIB] may need more than the Metaverse to wake up from its slumber 
Recent IMF report highlights the flaws of cryptocurrencies; rejects its sole use
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
Polkadot [DOT]: Is it the right time for swing traders to go short
Polkadot: New deployment activated; what spot does it leave DOT at
Everything that Polkadot [DOT] short sellers should know to make profit
The real reasons behind Polkadot’s [DOT] 11% week are…
Evaluating why Polkadot [DOT] is struggling to regain support levels
Assessing the odds of Polkadot [DOT] sustaining its growth
Your email address will not be published.




document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *