Ranked 14th by market value Polkadot (DOT) X announced the results for the third quarter of 2023 in his post from his account.
Polkadot noted growth in its staking service in the third quarter, adding a total of five new parachains and implementing a number of technical upgrades overall.
According to shared data, A total of 663 million DOT tokens were staked, representing a growth of 14.7% compared to the second quarter.
Polkadot also stated that the candidate staking pools launched last November attracted great interest and wrote that these candidate pools enabled more than 7 million DOT tokens to be staked.
Developer activity in Polkadot, which is seen as a major rival to the largest altcoin Ethereum (ETH) in terms of speed, scalability and developer activities in the market, has also reached a record level.
At this point, according to github data, more than 49,000 GitHub transactions were recorded in the second quarter.
1/ Unveiling Polkadot’s Q3 Milestones 🎉
🔹 Sustained staking growth
🔹 Five new parachains
🔹 Technical upgrades…Numbers don’t lie: Polkadot’s Q3 performance reveals an ecosystem on the rise.👇 pic.twitter.com/8aw2CMWKnd
— Polkadot (@Polkadot) October 6, 2023
It will approach 8 dollars in February with the increase it will experience in 2023. DOTAt the time of writing, it is trading at $4.07, down nearly 50% from this year’s high.
*This is not investment advice.
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