Polkadot [DOT] out-competes Solana and Cardano in these metrics

Polkadot out-competed major cryptocurrencies in terms of ecosystem and development activity. However, DOT flew under the radar as social mentions and engagements declined. A tweet on 8 December revealed that Polkadot out-competed other networks in terms of ecosystem expansion and development activity. This growth, however, did not translate to the social front as engagements and sentiment […]

Despite the growth of these parachains on Polkadot, there was not much activity for the network on the social front. According toAt the time of writing, its social mentions had declined by 26.1% and its social engagements dwindled by 9.9%.from a spike towards the end of November.This declining sentiment could be a reason why Polkadot’s prices and NFTs on various chains did not seeEven so, despite the declining sentiment and prices, stakers continued to show support for the cryptocurrency.

In the past 30 days, the number of stakers on the network grew by 9.54%. The total number of stakers present on the network was 24.2k, according to staking rewards.Evidently, the crypto community has been paying attention to Polkadot’s growing ecosystem. That said, aRead the best crypto stories of the day in less than 5 minutes

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOT could be stuck in a range, but that may not interrupt profit-seeking investorsDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice At press time, DOT was in a bearish market structure DOT could witness a fall to $5.01 Polkadot [DOT] fell below $5.494 after BTC lost support at $17.03K. As BTC struggled to hold above the $17K […]
Read more »

What Cardano’s [ADA] long-term investors can expect in 2023?Cardano recently concluded its Cardano Summit 2022 Considering the metrics and planned updates, the next year might be better for Cardano Cardano’s [ADA] recent performance did not please its investors, its price action was quite sluggish in the previous week. As per CoinMarketCap, ADA registered negative weekly gains and, at the time of writing, it […]
Read more »

Solana hovers near $14 but here’s why a foray toward $15 might not be bullishDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The former bullish order block in the $15 vicinity has prevented Solana bulls from progressing Declining open interest meant futures traders do not anticipate a rally Since mid-November, Solana bulls were repeatedly driven back […]
Read more »

Solana, its daily transactions, and everything latest for your next tradeSolana’s ecosystem continues to show growth despite volatile market conditions. Though dApp and NFT activity rose, on-chain metrics were negative. Solana has been facing the heat of the bear market almost throughout this year. With multiple network outages and close proximity to FTX, Solana had been through the wringer this past year. However, the network’s […]
Read more »

Here’s how far Polkadot’s top 5 parachains have grown in terms of TVLPolkadot’s TVL grew over the past few months DOT’s weighted sentiment increased towards the end of November, but quickly fell Polkadot has maintained a strong presence in the list of top crypto projects by market cap. Many savvy analysts observing the crypto space have high expectations for this crypto project, especially due to its different […]
Read more »

The lowest mortgage rates available after the Bank of Canada’s interest rate hikeA look at this week’s lowest available mortgage rates on fixed and variable terms and HELOCs
Read more »