Polkadot is on the
incline
in the last 7 days
In the past 24 hours, the price of
Polkadot has
increased by
6.2%.
It's price has
risen by
0.5%
in the last 7 days. The current price per
DOT is
$8.18 AUD.
There is a current circulating supply of
1,175,261,760
DOT.
What is Polkadot (DOT)
Polkadot is a protocol designed to securely connect blockchains to a central network. The purpose of the Polkadot protocol is to allow multiple blockchains like Bitcoin (BTC) and Ethereum (ETH) to talk to each other without an intermediary, allowing value and data to be exchanged. Polkadot uses a multi-chain network to process more than 1,000 Transactions Per Second (TPS). The Polkadot protocol has four main components, the relay chain, bridges, parachain and parathreads.
Polkadot’s native token, DOT, is used for two purposes within the Polkadot network. DOT token serves as a governance token, allowing token holders to vote of the future of the protocol. DOT tokens can also be staked to verify transactions made on the network.
Check out our guide to Polkadot (DOT) on Swyftx Learn, to find out more.
Understanding Polkadot Price Chart
The chart presented above shows Polkadot’s live price in Australian Dollars (AUD). Swyftx users can utilise these price charts to conduct in-depth crypto technical analysis and understand Polkadot’s performance.
These are candlestick charts that make it easier for investors to track the price movements of Polkadot. Check out our guide to candlestick charts to learn more about reading candlesticks.
These charts also provide information on Polkadot’s market cap, 24hr trade volume and global rank.
