- Polkadot has reached an all-time high in popularity for active and unique wallets.
- DOT has managed to stay around $9.
Recent data shows that Polkadot has recorded the highest number of active wallets in the past month, indicating that the platform is developing positively. However, the increase in active wallets was not reflected in the number of transactions, which did not show a similar positive trend.
Polkadot has over 600,000 active accounts
Analysis of Polkadot’s active account data provides active account The number in the ecosystem has exceeded 605,000.
In particular, Moonbeam contributed the most with over 248,000 active addresses. This number surpassed the previous record of approximately 516,000 set in January and set a new high in the network’s history.
But by February, this number had fallen to about 419,000.
Additionally, Polkadot set a new record for unique accounts. According to data analysis, the number of unique accounts reached more than 5.59 million by the end of March, surpassing the previous figure of about 5.53 million recorded in February.
This milestone marks a new all-time high for the platform.
Polkadot trading decline
Despite the increase in unique and active accounts on Polkadot, the number of transactions has not yet increased commensurately. Analysis of transaction data showed a modest increase compared to February.
The number of transactions reached approximately 11.5 million, up from approximately 10.8 million in the previous month.
However, both numbers remain significantly lower than the 31.7 million transactions recorded in December, and the network has yet to replicate this peak since then.
DOT maintains $9
As of the close of trading on April 8, Polkadot (DOT) price was up 3.9%. This increase increased the price from approximately $8.70 to $9.05. This was the first significant positive move for DOT in his two weeks.
Source: TradingView
Realistic or not, the DOT market cap converted to BTC is as follows:
After falling from previous highs above $11, DOT price was poised to stabilize around the $9 range. However, the economic downturn that began on April 1st has pushed prices into this range.
As of this writing, DOT is trading around $9.03, a decline of just under 1%.
