Polkadot’s Ecosystem Thrives Amid Market Downturns

Despite the broader market downturns, Polkadot’s ecosystem continues to show robust growth and resilience. In June, the number of transactions on the network surged by 33%, reaching 16 million.

The total number of unique addresses has now surpassed 7 million, highlighting the expanding user base and increased network activity.

Polkadot’s treasury currently holds an impressive $167 million, underscoring the network’s strong financial health. Although the price of DOT briefly dipped below $5, it quickly rebounded to $5.79. This recovery was partly driven by whale activity, with large holders purchasing 2.6 million DOT for staking.

Despite market downturns, Polkadot’s ecosystem thrives!