The most recent information from Santiment revealed that Polkadot [DOT] ranked above Ethereum [ETH] and Solana [SOL] because the blockchain with the best growth exercise prior to now seven days.
Whereas growth exercise on Ethereum and Solana totaled 78.79 and 67.21, respectively, within the final week, Polkadot logged a growth exercise index of 3124.14 throughout the similar interval.
As soon as once more, @Polkadot is main the dashboard when it comes to growth exercise efficiency (3124.14) within the final 7D 😎
The collected information is from @santimentfeed. Let’s take a look at extra beneath for additional comparisons 🔥#Polkadot $DOT #DOT pic.twitter.com/jpjjir7FXj
— Polkadot Insider (@PolkadotInsider) October 18, 2022
As well as, as of 18 October, Polkadot recorded a depend of 1,400 month-to-month energetic builders on the community. This represented a 1400% increment within the depend of month-to-month energetic builders on the chain on a year-over-year foundation.Â
There are some issuesÂ
Whereas growth exercise on Polkadot continues to rally as a result of visitors on its parachains, the community has didn’t see progress in different regards.
An evaluation of the community’s on-chain efficiency within the final week revealed a decline within the depend of day by day energetic customers on the community and a drop in its day by day income.
In response to information from Token Terminal, day by day income on Polkadot has declined persistently prior to now 180 days. Reportedly, Polkadot’s day by day income has dropped by 80.2% within the final 180 days, 37.3% within the final 90 days, 7.3% within the final 30 days, and 26.6% within the final week.Â
Toeing an analogous path of decline, charges paid to course of transactions on the Layer 0 blockchain day by day have additionally dropped, as per information from Token Terminal.
Moreover, information from Subscan confirmed a constant drop within the community’s day by day energetic customers for the reason that starting of the yr. After clinching a day by day excessive of 40,360 addresses on 12 November 2021, the depend of day by day energetic addresses on Polkadot has since plummeted. As of 18 October, only one,190 addresses used the chain.
Nobody is protected
DOT, Polkadot’s native coin, has not been ignored of the continued decline that has plagued the community. Within the final month alone, the worth of the #12 cryptocurrency asset has dropped by 6%. On a year-to-date foundation, the asset’s worth was down by 77%, information from CoinMarketCap revealed.Â
The persistent fall within the asset’s worth within the final month resulted in a corresponding decline in its buying and selling quantity. In response to information from Santiment, DOT’s buying and selling quantity dropped by 41%. It totaled $189 million, as of this writing.