Where is DOT? It has billion marketcap but it was not even able to be among the blockchain with most of transactions. It means that DOT has no demand and it can still survive due to the speculation only. DOT is not a good blockchain anymore. People are rarely using it now.
The parachain is a total flop, it has proven caused by dot is not also having a lot of TVL too. Its mean people have no interest to use DOT as blockchain to did regular transactions everyday.
The parachain is a total flop, it has proven caused by dot is not also having a lot of TVL too. Its mean people have no interest to use DOT as blockchain to did regular transactions everyday.
I guess the Polkadot team has done a terrible job promoting the cryptocurrency (DOT). Perhaps, Polkadot is one of the few projects driven by utility instead of hype. It might not have demand compared to other Blockchains, but its approach to scaling is quite promising. I sure hope it stays decentralized forever. The market is flodded with many centralized "shitcoins" overhyped by VCs, and whales alike. Polkadot could prove itself to be a viable ETH alternative to those looking into security, stability, and reliability.
With the upcoming 2.0 upgrade, it's expected things will change for the better. What I don't like about DOT is the huge number of coins in circulation. Maybe that's one of the many reasons why the cryptocurrency struggles to reach a new ATH? At least, Polkadot does the job it's supposed to. Who knows how the project will fare in the long run?
