Polkadot development surges, but revenue decline concerns investors, as...
This decline in the number of transfers had a direct impact on the revenue generated by Polkadot, which fell by 36.4% in the last month. This declining revenue could be a cause for concern for investors.One reason for the declining revenue could be Polkadot’s decreasing activity on the social front. Based on data provided by LunarCrush, it was observed that the number of social mentions for Polkadot declined by 46.9%, while the number of social engagements decreased by 64.
Moreover, the sentiment towards Polkadot remained negative as well, according to Santiment. Thus, the crypto community’s outlook towards Polkadot remained negative, which could have a further impact on the platform’s improvement and adoption.However, notwithstanding these factors, stakers on Polkadot’s network remained undeterred as they grew by 6.6% over the last 30 days.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOT investors can be in a state of frenzy despite Polkadot’s latest achievementsDOT held the 1 rank on the list of cryptos with the highest Nakamoto Coefficient metric However, other DOT metrics and market indicators showed a bearish picture Polkadot [DOT] was in the news again as it managed to gain the 1 rank on this list of cryptocurrencies with the highest Nakamoto Coefficient metric. The Nakamoto […]
Read more »
Bitcoin is back with a bonkA new token is up 910% since the start of the year
Read more »
VeChain : New roadmap revealed and this is how it can affect VETVeChain’s new roadmap highlighted the planned updates for 2023-24. Metrics and market indicators were bullish for the token. VeChain [VET] recently posted its new roadmap for 2023–2024, highlighting all the planned updates that are going to happen over the coming months. The roadmap looked optimistic for VeChain, as it suggested that the network has a […]
Read more »
MakerDAO plans to make a $100M move according to this new proposalMakerDAO proposes a $100M USDC move, with a yield of 2% annually. Unique users on MakerDAO decline and whales start to lose interest in the token. MakerDAO, recently proposed to onboard $100 million worth of USDC into a iearnfinance on-chain vault. This move, according to the proposal, would give MakerDAO an estimated yield of 2% […]
Read more »
Chainlink: Deciphering reasons behind the whales’ interest in LINKLINK was on the list of the cryptos that the top 1000 Ethereum whales were holding. Last week, there were eight integrations of three Chainlink services across four different chains. Chainlink [LINK] once again became popular among the whales, which reflects the top supply holders’ trust in the token. WhaleStats, a popular Twitter handle that […]
Read more »
Will BNB continue to show dominance in count of daily active users?BNB Chain’s weekly active users were 2.6 million. Popular dApps saw a decline in activity, impacting BNB negatively and adding to the selling pressure. BNB, the native token of the Binance blockchain performed well in two metrics- first in terms of daily active users and second in the count of the total number of transactions […]
Read more »