Polkadot 2023 Q4 status report: The circulating market value of DOT has increased by 111% compared to the previous quarter

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2024/01/31 08:01

Messari released the Q4 2023 status report for Polkadot, with a month-on-month growth of 93% in active addresses on parallel chains, increasing from 104,000 to 200,000.

The volume of XCM transfers increased by 150% compared to the previous month, reaching a historical high of 133,000 transactions. As of the end of the year, the total number of active XCM channels reached 203 and is expected to nearly double by 2023.

As of December, Polkadot has 800 full-time developers and a total developer count of 2,100. According to Electric Capital's data, Polkadot ranks among the top three cryptocurrency ecosystems in terms of developer activity.

The circulating market capitalization of DOT increased by 111% compared to the previous period and reached $8.38 billion. The growth in the fourth quarter led to a year-on-year increase in DOT's market value by 94%, placing it among the top fifteen cryptocurrency projects.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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