• Polkadot (DOT) has had a strong start to the first week of 2023, rising 8% in the last seven days according to Coingecko.
• Over 550 projects are running on-chain or being developed on the ecosystem, with over 71 parachains on Polkadot.
• Polkadot has scored major partnerships with Japan phone operator NTT Docomo and video game company Square Enix, further strengthening the ecosystem’s Web3 infrastructure.
Polkadot (DOT) has had an impressive start to the new year, rising 8% in the last seven days according to Coingecko. The market sentiment of the entire crypto market has been bullish, and Polkadot is no exception. This is evidenced by the on-chain updates from Polkadot Insider, which showed that there were 2,126 new users on-chain on January 6th. This was accompanied by an increase in revenue, with the average for the week ending January 1st reported at $671.8 million, and the average for the week ending January 8th reported at $709.3 million.
The ecosystem itself has been very active, with over 550 projects running on-chain or being developed on the ecosystem. There are currently 71 parachains running on Polkadot, showing that development will continue, even in the midst of a bear market. Polkadot recently released a blog post rounding up the developments on the ecosystem last year, and it is impressive to say the least.
Polkadot has also scored major partnerships with Japan phone operator NTT Docomo and video game company Square Enix, further strengthening the ecosystem’s Web3 infrastructure. Both of these companies are well established, and will provide significant resources and support to the Polkadot community. This will be beneficial for both Polkadot, who will gain access to these companies‘ resources, and the companies themselves, who will be able to tap into the Polkadot ecosystem and its users.
All of these factors have contributed to Polkadot’s impressive start to the year, and its future looks bright. With continued development and partnerships, it is likely that Polkadot will remain a major player in the crypto space for the foreseeable future.