A new bridge is now facilitating the connection between Polkadot (DOT) and its sister chain or “canary network” Kusama (KSM).

Polkadot (DOT) is a scalable blockchain that provides interoperability between different networks as well as a secure protocol for connecting different chains. In other words, it is a Web3 project aimed at developing IT infrastructure for a decentralized web, at the center of which, along with other projects, will be Polkadot.

DOT has been on a downward spiral recently. However, a price reversal looks likely with bulls attempting a recovery of its YTD high.

A decentralized finance (DeFi) protocol based on the interoperable blockchain Polkadot (DOT) is skyrocketing after launching a new notification feature.

Polkadot recently tweeted about its yearly roundup mentioning all the notable developments that happened in its ecosystem in 2022.

A blockchain analytics platform is revealing that over the past 30 days, Polkadot (DOT), Kusama (KSM) and Cardano (ADA) have emerged as the top-three crypto assets in development activity.

Polkadot [DOT] recently published the latest edition of its weekly digest, mentioning all the notable developments that happened in the ecosystem in the last seven days.

Polkadot [DOT] maintained its number one spot on the list of blockchains in terms of monthly development activity. This was a commendable feat, as the blockchain remained consistent with its updates.

Polkadot (DOT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has gained 0.67% to $6.16.

In this article, we’ll explore the potential impact of Spacewalk — an innovative fiat bridge — on the future price of Polkadot (DOT). Alongside this, we’ll discuss how Collateral Network (COLT) — a Web3 lending platform in the presale phase — could offer investors 35x gains before 2024.

Despite facing headwinds in 2023, Polkadot experienced a remarkable 25.6% surge in revenue variation, offering hope for its market position.

The Polkadot (DOT) ecosystem is billed to see a number of additional functionalities through targeted protocol upgrades that are set to go live in the near term. According to a new Twitter thread by Bill Laboon, a Kusama Council Member, at least two key proposals to boost network functionality have attained over 95% approval by voters.

On-chain analytics company Santiment has shown that Polkadot’s development activity, combined with that of its pre-production network Kusama, has been higher than that of Cardano during the past 30 days.

The Web3 Foundation, dedicated to the development of the Polkadot ecosystem, has announced a $1 million seed investment in tokenized treasury bills.

Polkadot provides interoperability among several blockchains for users while maintaining high scalability and speed in processing transactions. Also known as a multichain network, Polkadot supports many parachains, enabling developers to build their blockchains seamlessly.

Polkadot is making a significant play in the Non-Fungible Token (NFT), and Web 3 arena as the space grows and the link gets deeper. The development of the Internet and how we interact with digital assets are tied to Web3 and NFTs. Polkadot is putting its foot down early with a recent collaboration announcement with Beatport. Needless to say, a favorable effect on DOT may be on the cards too.

Live at the Sub0 conference, Polytope Labs announced its upcoming protocol, Hyper Bridge, in the web3 space. The product is meant to solve the interoperability challenge between Polkadot and Ethereum with the help of ISMP.

Polkadot (DOT) is on a mild bullish rampage today as the broader market is in recovery mode. Polkadot is changing hands at a price of $4.57, up by more than 2.54% in the past 24 hours and by more than 5% in the trailing seven-day period, according to data from CoinMarketCap.

Polkadot Insider revealed that the number of stakers in the Polkadot [DOT] ecosystem has been on a rise since the beginning of this year.

In the past 48 hours, DOT registered a bounce close to 3% higher. Yet, the spot CVD has been in a downtrend during this time.