Polkadot is Making Progress as New Parachains Join the Party 

October 23, 2022

Polkadot Price Prediction 2022

Polkadot, the sleeping giant of the crypto sphere, has just completed its most profitable quarter to date. While the industry has focused on the prevailing massacre in its lending and venture capital sectors, Polkadot’s developers have quietly sent hundreds of forkless upgrades to their platform-based networks, and the Web3 Foundation has awarded dozens of grants. Now that the third quarter has begun, the multi-chain network is in excellent shape, and new parachutes continue to join the Relay main chain and the Kusama sub-chain.

If the blockchain founded by Dr. Kevin Wood can maintain this momentum, Polkadot will be a force to be reckoned with as markets rise and the “just up” period returns. As they say, one can only say who is seriously building when the wave is over. The recent market crash has left many crypto projects dry, with no future lifeline and a turning point. While Polkadot and the Web3 Foundation (W3F) are lucky to have big coffers in good hands, only money doesn’t make a successful blockchain. The average transfer was 293 million points in 288 million Q1Integrated, these figures are well known where the next Polgatt goes. However, one of Polgadot’s most positive indicators is the number of new parachutes joining its network.

Polkadot’s progress has not been lost on those who are tasked with collecting blockchain data. Mesari’s report on Polkadot for the second quarter stated: As impressive as these numbers are, the real test of whether Polkadot can live up to its ultimate potential will come in the coming months. Significant improvements and innovations continue, including changes to Polkadot’s dominance and deeper integration of its XCM (Chain Cross Messaging) protocol. There is a lot to look forward to with the launch of Polkadot and Kusama’s easy-to-use blockchain platform. Polkadot already has many developments and projects. Now is the time for users to follow suit.

Read more: Although there is still pressure on bitcoin miners to sell, falling production costs offer relief.

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