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Polkadot price

Polkadot Price(DOT)

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DOT
1 DOT =
USD $6.319734
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Last updated 2024/07/14 10:31 (UTC)
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$ 6.319734
+1.78%
1D
Page last updated: 2024-07-14 22:31 (UTC+0)
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Price of DOT today

The live price of Polkadot is $ 6.319734 per (DOT / USD) with a current market cap of $ 9.09B USD. 24-hour trading volume is $ 145.00M USD. DOT to USD price is updated in real-time. Polkadot is +1.78% in the last 24 hours with a circulating supply of 1.44B.
DOT Price History USD
Date ComparisonAmount Change% Change
Today$ 0.110719+1.78%
30 Days$ 0.171721+2.79%
60 Days$ -0.640377-9.2%
90 Days$ -0.373656-5.58%

DOT Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 6.169005
High: $ 6.348518
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 55.00
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
+0.01%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+1.78%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+6.06%
The percent change in trading volume for this asset compared to 7 days ago.

DOT Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#14
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 9.09B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 145.00M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
1.44B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 9.09B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Polkadot (DOT)

Polkadot (DOT) is a blockchain launched in 2016 by Gavin Wood, Ethereum's former CTO and co-founder. It allows developers to create customized interoperable parachains, or blockchains deployed from the Polkadot mainnet. Each parachain connects to the main relay chain, allowing them to communicate and share in the security measures of the mainnet.

The benefits of developing on Polkadot include parachains having their own modified proof-of-stake (PoS) consensus mechanism, decentralized app (DApp) development, and tokens. Space for Parachains is limited and regularly auctioned off for DOT, Polkadot’s native cryptocurrency token. DOT price is updated live on Binance.

DOT has four primary uses cases:

  1. Holders can vote on project changes through Polkadot's governance mechanism.

  2. Users can pay network transaction fees on the Relay Chain and some Parachains.

  3. The token is staked to validate transactions.

  4. DOT can be bonded to start new Parachains.

DOT has an unlimited supply, making it an inflationary token. The network pays out rewards to validators equally, regardless of the amount staked. Polkadot's creators have stated that their token isn't designed for speculation but instead, for the use cases mentioned above. DOT price can be viewed and monitored on Binance.

Polkadot is widely regarded as having achieved considerable success in sharing data and information among its multiple Parachains, decentralized projects, and DApps.

Interoperability has been a recurring issue for blockchains ever since Bitcoin was launched. Polkadot was one of the first projects to work towards developing solutions to address this issue. Polkadot is also considered a scalable blockchain network that can process transactions simultaneously across all the different chains on its network.

People Also Ask: Other Questions About Polkadot (DOT)

  1. What Is Polkadot (DOT) Used For?

    DOT has four primary use cases — it gives token holders governance rights on the Polkadot network, is used to pay network fees, can be staked to facilitate the network consensus process, and can be bonded as part of a process to add new parachains. DOT price information is updated in real time on Binance.

  2. How Do Network Consensus and Validation Work on Polkadot (DOT)?

    Polkadot’s consensus mechanism is a hybrid model that uses two separate but complementary algorithms to validate transactions on the network and to produce new blocks. GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement) helps to achieve block finality, while BABE (Blind Assignment for Blockchain Extension) produces new blocks on the network.

  3. Who Founded the Polkadot Network?

    Former Ethereum CTO and co-founder Gavin Wood founded Polkadot in 2016 and later released it in 2020. The founder and development team took time to ensure the network was built to specifically support Web3 protocols.

  4. What Makes the Polkadot Network Different From Others?

    In addition to cryptocurrency tokens, Polkadot’s decentralized network protocol enables the transfer of arbitrary data across blockchain ecosystems. In this way, Polkadot exists as a multi-chain application environment where cross-chain registries and computations are possible. Polkadot is also known for its low carbon footprint, compared to most other blockchains.

  5. How Many DOT Tokens Are There and What is Their Maximum Supply?

    Just over 1 billion DOT tokens are currently in circulation. DOT is an inflationary token, so it does not have a maximum supply. Polkadot estimates that the inflation rate will remain at around 10% per year. It is also said that around 50% of staked DOT tokens enable the network to achieve stability and growth.

  6. How To Buy DOT?

    DOT can be purchased directly from Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the Binance exchange. Live DOT price is updated in real time on Binance. For additional instructions and information, users can read our How to buy Polkadot (DOT) Guide.

  7. How Much Will Polkadot (DOT) Be Worth in Future?

    Check out our DOT Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

DOT to Local Currency

FiatPriceOperation
1 DOT to USD$ 6.319734
1 DOT to TRY$ 6.319734
1 DOT to RUB$ 6.319734
1 DOT to EUR$ 6.319734
1 DOT to AED$ 6.319734
1 DOT to AUD$ 6.319734
1 DOT to BRL$ 6.319734
1 DOT to VND$ 6.319734
1 DOT to IDR$ 6.319734
Last updated 2024/07/14 10:31 (UTC)

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