Coinbase
How to Buy Polkadot
Good news! You can buy Polkadot on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Polkadot.
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Polkadot is a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Polkadot aims to achieve high degrees of security and scalability. DOT serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains.
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AI generated 1h ago
DOT dropped ↘5% since Wednesday evening despite recently passing seven-day support levels, ranking ninth in Layer 1 trading volume.
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Sign me up2.4K
5.63%
1.8K
17.36%
644
-18.79%
1.3K
$4.78B
$4.78B
1.6B DOT
Not enough data
1.6B DOT
#27
0.14%
$259.35M
-11.58%
$2.12B
$8.02B
$55.13
-30.39%
DOT vs markets
↘ 56.28%
DOT vs BTC
↘ 57.7%
DOT vs ETH
↘ 53.73%
Tags
defi
substrate
polkadot
web3
+2
Network | Address | |
---|---|---|
Polkadot | NA |
Time | Price | Change |
---|---|---|
Today | $2.93 | ↘ 2.29% |
1 Day | $3.00 | ↘ 2.29% |
1 Week | $3.15 | ↘ 7.01% |
1 Month | $3.99 | ↘ 26.60% |
1 Year | $4.21 | ↘ 30.39% |
AI generated 1h ago
DOT dropped ↘5% since Wednesday evening despite recently passing seven-day support levels, ranking ninth in Layer 1 trading volume.
Market Position
•
Weekly decline of ↘8% significantly underperforms Layer 1 peers like BERA (↗6%)
•
Monthly drop of ↘29% substantially trails Layer 1 average decline of ↘7%
•
Trading volume fell ↘8% while maintaining ninth position among Layer 1s
Past Stories
The latest DOT price is $2.93. Compared to Polkadot's value of $3.00 from 24 hours ago, there's been a -2% decrease, while the current price is -7% down from $3.15 which was recorded one week ago. Polkadot's all time high is $55.13, which was reached on November 4, 2021. This is a -95% change from its price today.
The market cap is currently $4.78B, which is a result of multiplying the current price of Polkadot($2.93) by the total supply(1,629,686,387 DOT). The fully diluted valuation of Polkadot is $4.78B. The diluted valuation of Polkadot is $4.78B.
Polkadot had 1,805 buyers, 644 sellers and total 2,402 trades in the last 24h. Polkadot was searched 1,300 times in the last 24h.
Polkadot (DOT) is an open-source multichain protocol that seeks to connect and secure a network of specialized blockchains. It aims to facilitate the cross-chain transfer of any data or asset types, not just tokens, striving to make blockchains interoperable with each other. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains. As a metaprotocol, Polkadot has the ability to update its own codebase via on-chain governance according to the will of its token holder community. The Polkadot protocol seeks to connect public and private chains, permissionless networks, oracles, and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain.
Polkadot operates through four core components: the Relay Chain, Parachains, Parathreads, and Bridges. The Relay Chain is the heart of Polkadot, helping to create consensus, interoperability, and shared security across the network of different chains. Parachains are independent chains that can have their own tokens and be optimized for specific use cases. Parathreads are similar to parachains but with flexible connectivity based on an economical pay-as-you-go model. Bridges allow parachains and parathreads to connect and communicate with external blockchains. Polkadot's native DOT token has three main functions: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Trending articles
Popularity in posts
#73
Contributors
915
Posts
2,358
% About Polkadot
0.199%
Hold times
0 days
X (Twitter)
10.58% bullish
Sentiment
3.0 ★
Highlights
915 unique individuals are talking about Polkadot and it is ranked #73 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polkadot has an average sentiment score of 3.0 out of 5. Finally, Polkadot is becoming less newsworthy, with 0 news articles published about Polkadot.
On Twitter, people are mostly neutral about Polkadot. There were 24.38% of tweets with bullish sentiment compared to 130.53% of tweets with a bearish sentiment about Polkadot. 75.62% of tweets were neutral about Polkadot. These sentiments are based on 3003 tweets.
On Reddit, Polkadot was mentioned in 12 Reddit posts and there were 71 comments about Polkadot. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Analysis
Polkadot’s innovative design seeks to provide scalability by processing transactions on several parallel chains. This approach could increase its relevance as the demand for blockchain solutions grows.
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Polkadot’s complexity in connecting various blockchains could pose challenges for widespread adoption, as ease of use is critical for new users.
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Coinbase
How to Buy Polkadot
Good news! You can buy Polkadot on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Polkadot.
Read more
Coinbase
How to Stake Polkadot
Polkadot is currently available to stake on Coinbase’s centralized exchange, subject to locations where staking is allowed.
Read more
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.