Polkadot surges 10% in a week amid increase in developer activity
According to a tweet published earlier today by ProofofGitHub, Polkadot is now in first position regarding the amount of development activity being conducted, followed by Osmosis Network, SSV Network, Cardano and Ethereum in that order.
Compared to the other blockchains, such as Cardano and Ethereum, Polkadot has a higher daily development activity on GitHub.
Throughout the previous week, the pace of dapps development activity on Polkadot remained strong, and indications are that this upward trend will carry over into the following week.
Polkadot surges 10% in one week
During the previous week, the price of the polkadot (DOT) increased by closer to 10%. Despite the good weekly performance, Polkadot has recorded a valuation decrease of over 1% in the last 24 hours. However, the trading volume increased by more than 4% within the same period.
At the time of publication, the price of DOT, the native token of Polkadot, was $6.39. This marked the beginning of the week with just a modest fluctuation in price following a rather lively week.
Yet although DOT has begun the week on an even footing, the Polkadot ecosystem continues to observe increased development activity. When paired with other indications, this gives a glimpse into the future of Polkadot and DOT.
Polkadot incorporates many chains into its architecture, which serve as hosts for a diverse selection of decentralized apps.
Polkadot’s high level of development activity may indicate that the project is supported by a solid group of contributors and developers who are committed to the project’s success. If the tasks that make up the Polkadot ecosystem can achieve a critical mass, DOT and the other tokens that make up the ecosystem may see increasing momentum.
