Buy Crypto
Pay with
Markets
NFT
Feed
USD
Home
Crypto prices
Polkadot Price

Polkadot Price(DOT)

Currency
Currency
DOT Price Calculator
Buy
DOT
1 DOT =
USD $5.9556509
Buy DOT
Last updated 2023/01/17 07:12 (UTC)
Binance has the lowest transaction fee rate amongst all major trading platforms.
Coinbase
1.99%
Kraken
0.26%
Binance
0.1%
$ 5.9556509
-0.25%
(1D)

DOT Price Live Data

The live price of Polkadot is $ 5.9556509 per (DOT / USD) today with a current market cap of $ 6.88B USD. 24-hour trading volume is $ 281.11M USD. DOT to USD price is updated in real-time. Polkadot is -0.25% in the last 24 hours. It has a circulating supply of 1.16B USD.
DOT Price Performance USD
ChangeAmount%
Today$ -0.0151864-0.25%
30 Days$ 1.6115752+27.06%
60 Days$ 0.2390561+4.01%
90 Days$ -0.131945-2.22%

DOT Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 5.6579988
High: $ 5.9730036
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.
+1.20%
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.
-0.25%
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.
+21.63%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+21.63%
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.
#12
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.
$ 6.88B
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.
$ 281.11M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
1.16B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
1.16B
Circulating supply shows the number of coins or tokens that have been issued so far.

About Polkadot (DOT)

Polkadot is a blockchain that allows developers to create customized interoperable Parachains. The project was launched in 2006 by Gavin Wood, Ethereum's former CTO and cofounder. Each Parachain connects with the main Relay Chain, allowing them to communicate and share the mainnet's security. A parachain can have its own modified Proof of Stake consensus mechanism, decentralized app development, and tokens. Space for Parachains is limited and regularly auctioned off for DOT.

Polkadot's native token is DOT, which has three primary uses cases: 

1. Holders can vote on future 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. DOT has an unlimited supply making it an inflationary token, and the network pays out rewards to validators equally regardless of stake. 

Polkadot's creators argue that their token isn't designed for speculation but instead for the use cases given above.

Polkadot has seen great success in sharing data and information between all its different Parachains, projects, and DApps. Interoperability has been a big issue for blockchains since Bitcoin, and Polkadot was one of the first projects to provide a solution. Polkadot is also scalable, as it can process transactions in parallel across all the different chains in the 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 in the Polkadot network, is used to pay network fees, can be staked to help the network consensus process along, and can be bonded in a process to add new parachains. Polkadot price information is updated in real time on Binance.

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

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

  3. Who Founded the Polkadot Network?

    Former Ethereum CTO and co-founder, Gavin Wood, founded the Polkadot decentralized network in 2016 and launched it in 2020. Together with the development team, he took time to ensure the Polkadot network would be built specifically to 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. Polkadot therefore exists as a genuine 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 currently available for public use.

  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. The Polkadot ecosystem encourages DOT holders to stake their tokens with this in mind. The inflation rate has been estimated to remain at around 10% annually, and that around 50% of staked DOT enables the network to achieve stability and growth.

  6. How to Buy Polkadot (DOT)?

    Polkadot (DOT) can be purchased directly from Binance using a debit or credit card. Polkadot (DOT) 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 Polkadot (DOT) Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

Top News
Polkadot Plans To 1000x Its Throughput
The Polkadot network is planning on boosting its mainnet to increase transaction speed by 100 to 1000 times. Boosting Transaction SpeedThe Polkadot team updated its roadmap on Monday, announcing that it would be adopting the “asynchronous backing” technique by the end of this year to improve transaction speeds. The technique would first be deployed on its testing network Kusama, followed by a mainnet upgrade after audits and testing. The deployment will allow parachains to build blocks simultaneously as the relay chain. Since the relay chain plays a key role in the functionality of the Polkadot protocol, the deployment of asynchronous backing will allow the network speed to reach 100,000 - 1,000,000 transactions per second (TPS). The network currently operates at an average speed of 1000 TPS. Other Possible UpgradesFurthermore, it will also cut parachain block time by half, i.e., the block time of 12 seconds will be reduced to 6 seconds, which will mean lower latency and faster finality for transactions executed on parachains. It will also increase per block space five to ten times. Finally, the upgrade will also allow the reuse of the parachain blocks in the event that they do not make it onto the relay chain in their first attempts. Thus network scalability will improve, thereby boosting the amount of work each parachain can handle, allowing for higher parachain registrations. The roadmap statement also addresses upgrades related to scalability, cross-chain communication, expense calculation, governance, and staking that are expected to be rolled out by mid-2023. Polkadot’s Web3 PartnershipsThe price of the network’s native DOT token saw a slight boost since Tether announced that the USDT stablecoin was live on the Polkadot platform. The stablecoin was previously launched on the Kusama Network.Company CTO, Paolo Ardoino, commented:We’re delighted to launch USDT on Polkadot, offering its community access to the most liquid, stable, and trusted stablecoin in the digital token space. Polkadot is on a trajectory of growth and evolution this year, and we believe Tether’s addition will be essential in helping it continue to thrive.Polkadot has been signing critical partnerships that have boosted its position as a multichain application ecosystem. One such partnership is with the web3 platform Alchemy. In August 2022, a parachain of the Polkadot network, Astar Network, partnered up with Alchemy in order to gain access to the latter’s node infrastructure.
Amara Khatri - Crypto Daily
2022-09-28
Amara Khatri - Crypto Daily
2022-09-28
Polkadot (DOT) Dethrones Dogecoin To Join Crypto Top 10
The struggle to stay in the top 10 has been getting harder for Dogecoin in recent times. This list which comprises the largest coins based on their market cap, has seen entrants come and go, but Dogecoin has managed to retain its position here for the longest time. That is until the bear market had hit in full bloom, and DOGE had a hard time keeping up. Once again, the meme coin has been displaced from the top 10.Polkadot Takes The LeadOver the last several weeks, Dogecoin had been able to reclaim the 10th position, which it held through the downtrend. However, with the most recent recovery, Polkadot had seen one of the largest gains, causing its market cap to surge significantly.The 9% gains in the last 24 hours alone pushed DOT’s price above $7.7, and this brought its market cap to more than $8.6 billion. This put it over $200 million higher than the market cap of Dogecoin, making it the 10th largest cryptocurrency by market cap. Polkadot had been one of the cryptocurrencies that had found favor in the eyes of investors during the infamous DeFi summer. The gains made from staking made it incredibly popular among investors, and even though its price had taken a hit during the downtrend, the token is now making an impressive comeback.Dogecoin still remains one of the most popular cryptocurrencies in the market. The digital asset is down more than 80% from its all-time high price but continues to maintain a high position on the crypto top 10. Transactions remain high on the network even with the low prices.Data shows that DOGE recorded almost $1 billion in large transactions in the last week alone. These whale transactions were those of $100,000 in value or higher, showing interest from large investors. Its long-term holder composition also remains high, with 67% of all holders having held their tokens for more than one year at this point. As for Polkadot, the cryptocurrency has begun to register a bullish trend in the short term. It has registered support above $7.6, a coveted price point for the digital asset. There is no telling how long DOT will hold the 10th place, though, as it had previously overtaken Dogecoin for the 10th, but DOGE has reclaimed it not long after.Nevertheless, for now, the gains recorded by DOT are outpacing DOGE. In the last 7 days, DOT’s price is up 6.57%, whereas DOGE is up only 2.39%.
Best Owie - Bitcoinist
2022-09-09
#Polkadot
#Polkadot
Best Owie - Bitcoinist
2022-09-09
#Polkadot
#Polkadot
Polkadot and Tezos Lauded as Greenest Proof of Stake Chains
Polkadot and Tezos have been singled out for praise in a recent report into the environmental credentials of layer-1 blockchains. “The Regenerative Finance Movement” report by blockchain analysis firm Messari examines the energy footprint of various PoW and PoS chains and considers the role of carbon offsets within the industry. It notes how many crypto projects are now going green in a bid to enhance their image. Proof of Stake Networks Up the AnteProof of Stake chains already have a low carbon footprint compared to Proof of Work networks such as Bitcoin. This has made PoS layer-1s the preferred choice for environmentally conscious artists looking to release NFTs as well as crypto projects that espouse ESG. In fact, the opprobrium heaped upon major artists who launch their work on Ethereum has prompted some to seek out green chains as an alternative. British modern artist Damien Hirst, for example, chose to reveal his collection The Currency on the obscure Palm blockchain which is claimed to be “99% more energy efficient than proof of work systems such as Ethereum or Bitcoin.” However, many buyers then elected to bridge their NFTs to Ethereum in order to trade them on OpenSea, which arguably undid the whole point of the exercise.For environmentally minded artists, the logical solution for launching a green NFT collection is to choose a layer-1 that offers similar features and network effects to Ethereum. This includes smart contract capabilities, an established developer ecosystem, deep liquidity, and an array of third party dApps. By this benchmark, the best candidates are probably Polkadot, Tezos, Avalanche, and Solana. All four networks were highlighted in Messari’s Regenerative Finance report. Crypto Embraces Green EnergyMessari records Bitcoin’s annual energy consumption as being 89k GWh – roughly equivalent to that of the entire nation of Argentina. Ethereum, meanwhile, comes in at an estimated 17k Gwh, although this number will reduce significantly following the transition to Proof of Stake.Of the leading PoS chains, the least efficient in terms of energy consumption is Solana, according to Messari, at 1.9 GWh. While multiples less than Ethereum’s footprint, it’s still multiples more than the best in test. With estimated annual energy consumption of 0.1 GWh each, Polkadot and Tezos are the clear winners. That’s just the figure for the energy their consensus mechanisms use, incidentally. As Messari notes, “Through drastic programming overhauls and funding carbon offset projects, protocols are actively breaking down the stigma that crypto is harming the planet.” The assertion that Bitcoin is environmentally harmful has long been contentious and deeply polarising. Its defenders believe that bitcoin miners are incentivized to use renewables and to capture energy that would otherwise go to waste such as flared gas. Regardless, the growth of green PoS chains can only be a good thing, giving crypto detractors one less stick with which to beat the industry.
Stan Peterson - Coingape
2022-08-29
Stan Peterson - Coingape
2022-08-29
Top Blog Posts
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.