Polkadot Q3 2022 – Key Matrics Remained Consistent

Messari has launched the new report of Polkadot Q3 – 2022. Generally, key figures of validator count nominator count and staking percentage of total supply are still in a consistent state.

Polkadot is a Nominated Proof-of-Stake (NPoS) blockchain network designed to support parachains. Developers can choose the components that best fit with their application-specific Layer 1, based on the Parity technologies’ blockchain framework. That means all parachains are connecting into one hub – called Repay Chain – to ensure security and governance.

In Q3, Polkadot has eight new winners in its slot auctions, with the 132 million DOT, worth $850 million, up to 10.7% of the total supply. Still in this period, the Cross-Consensus Message Format (XCM) adoption has been launched in the new version 3 – XCM V3. Polkadot Governance Version 2 was also released, resulting in an increase in total eligible proposals for voting.

According to the parachain auction, the eight new parachain winners in Q3 are Darwinia, Bridgeport Group, Integritee, KILT, Kylin, Aventus Network, Watr, and OAK Network.

The crypto market continued the frozen state in the winter, impacted by the erratic global macro environment. Polkadot’s market cap ended in the quarter down by 6%.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Ken

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