polkadot (DOT) lagged behind in price growth today amid the inclusive growth boost that its peers have recorded over the past few days. At the time of writing, Polkadot was down 4.78% to $6.16. It extended its slack gain in the week-to-date period, posting a meager 0.78% gain.
Polkadot, an open-source granular multi-chain protocol that connects and secures a network of private blockchains, is making a name for itself as one of the most versatile Layer 1 proof-of-stake (PoS) protocols on the market. According to an overview of the activities of its ecosystem, Altcoins formed numerous strategic partnerships in the last few weeks.
amongst others Primer Network and protocols like Moonbeam are no doubt evolving. Parental introduction and promotion is still needed to change the adoption and growth curve of DOT in the medium and long term.
Polkadot’s Revival Efforts
Koinfinans.com As we reported, while the majority of Polkadot parachains have proven to do their part with an innovative solution design, Polkadot as the main chain is not bad either.
As highlighted earlier in the month, Polkadot pursued advanced protocol development, which it aims to launch through three key upgrades. According to the report, these new upgrades will help democratize governance for substrate blockchains on the Polkadot network.
Along with a series of interconnected small chains, the governance update will help bring the powers of the digital currency to the grasp of well-meaning community members.
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