What ‘busy’ Polkadot’s latest efforts mean for DOT investors
It has been relatively difficult for the market to focus on developments in the crypto-space, rather than on price speculation. However, this has not hindered networks such as Polkadot from charging full speed ahead, towards their WEB3 vision. In fact, a recent update highlighted a busy period for the network so, here’s what we can expect.
Polkadot has just confirmed the launch of its next parachain lease auctions. The announcement also confirmed that multiple governance events are scheduled in August. These events, combined, might boost the demand for DOT. This, because of the lock-up periods associated with governance and parachain auctions.
<p lang=«en» dir=«ltr» xml:lang=«en»>THREAD – @Polkadot #PolkadotDigest 5 Aug 2022#Polkadot NewsThe next parachain lease auction will begin today at block 11_473_600. https://t.co/hyZxkUHOXw
— Bill Laboon | W3F (@BillLaboon) August 5, 2022
As far as the DOT’s price action is concerned, the cryptocurrency’s trading volumes have hiked substantially. It is now among the top 10 cryptos by trading volume, according to WhaleStats.
<p lang=«en» dir=«ltr» xml:lang=«en»>JUST IN: $DOT @Polkadot now on top 10 by trading volume among 500 biggest #BSC whales in the last 24hrs Read more on ambcrypto.com
