Polkadot Active Addresses Hit Record 600K
Polkadot has reached an all-time high in active addresses on its network, with over 600,000 active addresses by the end of March.
Over 41% of these addresses are attributed to Moonbeam, while 191,000 were created directly on Polkadot.
The number of unique accounts with non-zero balances is also increasing, surpassing 5.59 million accounts.
However, total transactions remain subdued, with Polkadot seeing 11.58 million monthly transactions in March, slightly up from 10.8 million in April but far below the 31.78 million transactions recorded in December 2023. Polkadot’s DOT token fell 3.3% in the 24 hours leading up to 12:38 pm UTC, trading at $8.95 as the 14th-largest cryptocurrency by market capitalization.
The Polkadot community spun up its own memecoin, $DED (DED), to capitalize on the memecoin frenzy. However, retail sentiment turned sour after the team reduced the initial airdrop allocation from 100% to just 5%, making DED worth a little over $0.001.
(With inputs from Shikha Singh)
You need to login in order to Like
