Polkadot (Dot) increased the best market performance after its completion last year.
It reached major landmarks in 2024, which helped enhance investor confidence in the network.
Accordingly, market participants believe that the original symbol of Polkadot, Dot, has been set in the bull race. Some have expected that the price of DOT could reach $ 10.
Polkadot report according to Messari
In its latest report, Messari, a complex for the encryption market data, identified the main updates and Pokadot’s victory in 2024.
The first thing that was highlighted by Messengeri is the distinctive boom of Polkadot in monthly transactions, indicating an increase in the growth of the network.
According to Messari, monthly transactions increased from 20 million registered in January to 60 million in November 2024.
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This acute growth of transactions, which represents a 200 % increase, is due to a strong performance of strong performance such as frequencies and neurowb.
In 2024, the market value of the DOT code increased by 71 % quarter of a quarter (QOQ).
This gathering represents the highest level in two years of $ 16.4 billion, indicating a strong investor confidence in digital assets.
In addition, Polkadot’s inter-operating susceptibility has improved dramatically after the launch of Snowbridge, the unreliable polkadot-etereum bridge, and the hyperactivity of the bridge.
Take advantage of the technology of shared processors and ZK-PROBLing, these bridges help to transfer assets safely via multiple chains, such as ethereum, optimism, base, and definition.
Moreover, Blockchain is still a pioneering center to create Blockchain.
Messari revealed that more than 1,200 active developers took advantage of the original SDK in Polkadot, which was previously called the substrate.
Messari also referred to an unwanted Polkadot test.
This test maintained the Bolkadot sister network, Kosama, stable performance under heavy loads.
In addition, the network capacity increased by 23 % to 143343 TPS, with 623000 TPS expected when full use.
Ecological outlook, new innovations, and DAPS
Polkadot 2024 achieves the door for more ecological system updates and innovations.
In January, Polkadot unveiled the 2025 road map, which carries decisive promotions.
Among these updates is the launch of Polkadot 2.0. This upgrade, scheduled for the first quarter of 2025, will improve the network performance and capabilities.
Polkadot 2.0 defines a new standard for decentralized innovation with expansion, smooth intercourse, and advanced tools.
Other specific promotions of the version in the Polkadot network this year are the Polkadot Virtual device, the unified address format, and PVM.
Polkadot aims to play a decisive role in the development of the decentralized applications of Web3 (DAPPS).
Some of the best projects in Polkadot include centrifugation, Aquala, Aguna, and Bolkadix.
Point price and future projection
DOT price shows signs of a bullish gathering amid a wider direction in the market. DOT is now ranked 2 second from the largest encryption by market value, currently at $ 7.2 billion.
As of the writing of these lines, the DOT price has been traded at $ 4.70, an increase of 3.5 % in the past 24 hours. Dot was low daily, height of $ 4.5 and $ 4.9, respectively.
The trading volume, which depicts investor activity, increased by 55.8 % to 288.54 million dollars.
Quoting the upscale technical indicators, some market analysts believe that DOT can reach a price range ranging between $ 8.6 to $ 10.
Other analysts were martyred in November when Dot broke the teacher of $ 10.
These analysts believe that DOT can gather more than 450 % if it gets a strong momentum sufficiently to push to its highest previous levels ever.
Source: https://www.thecoinrepublic.com/2025/02/08/Polkadot-network-stat-Set-for-dot-to-10/