Polkadot has proven successful in a number of areas recently. Data from Santiment shows that there has been a dramatic increase in development on Polkadot. But does this mean a brighter future for Polkadot? Data shows that the highest amount of transfers occurred on September 16. In addition, there’s even better news. Parallel chaining is likewise very active. The volume of transactions using these secondary chains on the Polkadot main chain is an indicator of this action. The GLMR token from Moonbeam and the MOVR token from Moonrivers are two of the most well-known. Chart: TradingView.com Related Reading: What Ethereum Can Bring On The Table For ETH Investors In Q4 Polkadot Investors Up In Numbers Investments on Polkadot are also at an all-time high, with DFG coming in first place with 52 active projects. While these claims certainly sound promising, how will they impact DOT’s market presence? The coin’s performance on the market has improved, thanks to recent changes. Investor confidence in Polkadot’s ecosystem and native token DOT can increase if the crypto market recovers with the broader financial markets. Both the DeFi and the more conventional financial markets are experiencing unfavorable market circumstances that make price changes unlikely. The recent increase in interest rates by 0.75 percent exacerbates the already intense selling pressure. DOT Challenged By Adverse Market Conditions Fear ca...
