Polkadot DOT Price: Live Charts & Interest Rates

Price of Polkadot (DOT) Today

As of the latest data, Polkadot (DOT) is currently priced at $4.92 with a market capitalization of $7.51B. The 24-hour trading volume stands at $354.8M, The circulating supply of Polkadot is approximately $1.52B. The cryptocurrency has seen a 5.45% increase in value over the past 24 hours.

Platform	Coin	Price
Nexo	Polkadot (DOT)	4.79
PrimeXBT	Polkadot (DOT)	4.77
M2	Polkadot (DOT)	4.77
Uphold	Polkadot (DOT)	5.28
OKX	Polkadot (DOT)	4.77
YouHodler	Polkadot (DOT)	4.77

Platform

Coin

Price

4.79

4.77

4.77

5.28

4.77

4.77

Platform	Coin	Interest rate
Nexo	Polkadot (DOT)	Up to 15 APY
YouHodler	Polkadot (DOT)	Up to 16 APY
EarnPark	Polkadot (DOT)	Up to 12 APY

Platform

Coin

Interest rate

Up to 15 APY

Up to 16 APY

Up to 12 APY

Platform	Coin	Staking rewards
Uphold	Polkadot (DOT)	Up to 9 APY
YouHodler	Polkadot (DOT)	Up to 15 APY

Platform

Coin

Staking rewards

Up to 9 APY

Up to 15 APY

Platform	Coin	Interest rate
Nexo	Polkadot (DOT)	From 0 APR
YouHodler	Polkadot (DOT)	From 23 APR

Platform

Coin

Interest rate

From 0 APR

From 23 APR

Frequently Asked Questions About Polkadot (DOT)

What is Polkadot (DOT)?

Polkadot is a blockchain protocol that connects multiple specialized blockchains into a unified network. Known for its innovative interoperability and scalability features, it allows different blockchains to communicate and share information. To stay informed on Polkadot's market dynamics, visit Bitcompare for real-time price comparisons and the latest news updates.

How does Polkadot ensure security?

Polkadot employs a shared security model where all connected parachains benefit from the security provided by the main relay chain. This shared model enhances the security of each individual parachain. For informed decisions, Bitcompare offers tools like sentiment analysis and news events concerning Polkadot's security advancements.

What is a parachain in Polkadot?

Parachains are simpler blockchains that run on top of Polkadot's network. They benefit from Polkadot's security and scalability while having their specific purposes. To compare parachain performance and view rates, Bitcompare provides reliable tools and constant updates on Polkadot's ecosystem.

How can I buy Polkadot (DOT) tokens?

Polkadot tokens can be purchased on various cryptocurrency exchanges. To find reputable exchanges with competitive rates, check Bitcompare's real-time price comparison and alert features. Staying informed helps you navigate the changing market effectively; bookmark Bitcompare for ease of access.

Why is Polkadot gaining popularity?

Polkadot's capability to connect multiple blockchains and ensure robust security through its relay chain makes it appealing. Its design addresses current challenges in blockchain interoperability and scalability. Regular updates on Polkadot's advancements are available on Bitcompare, offering valuable insights into its growing popularity.

What is the role of DOT in the Polkadot ecosystem?

DOT tokens are vital for governance decisions, consensus, and parachain auctions within Polkadot's network. Keeping informed about the impact of these roles is crucial. Bitcompare offers real-time sentiment analysis and latest news alerts for better understanding of DOT developments.

How does Polkadot handle transactions?

Polkadot facilitates transactions through its relay chain and parachains, enabling efficient and scalable operations. For insights into transaction handling and updates, Bitcompare is a trusted resource providing access to current Polkadot news and real-time data.

What makes Polkadot's consensus mechanism unique?

Polkadot uses a hybrid consensus mechanism combining Proof of Stake (PoS) for economic security and pool-based voting for operational consensus. This ensures robust safety and faster transaction finality. Access Bitcompare for comprehensive analyses of Polkadot's consensus mechanism and market impact.

Can Polkadot support smart contracts?

While Polkadot's relay chain does not natively support smart contracts, parachains like Moonbeam bring this functionality to the ecosystem. For comparative analysis on how Polkadot's approach to smart contracts stands out, Bitcompare offers real-time updates and sentiment analysis tools.

Frequently Asked Questions About Polkadot (DOT)