- Polkadot network has seen the most development activity on Github over the last 30 days.
- DOT price has dropped by 7% in the last week and is down 3% in the last 24 hours.
In the last several weeks, significant progress has been made on Polkadot, a network protocol that enables a multi-chain application environment. A similar pattern was seen in February of 2023, as previously reported.
However, the $DOT cryptocurrency, like the rest of the crypto market, is affected by the general dynamics of the macro environment and has dropped by 7% in the last week. Meanwhile, the price of cryptocurrency has not yet been significantly affected by certain recent projects and collaborations.
In Favor of Interoperable Multichain Network
According to data compiled by Santiment, a digital asset market intelligence firm, the Polkadot network has seen the most development activity on Github over the last 30 days. The site claims that Kusama $KSM and Cardano $ADA are the networks’ most popular followers.
Mythical Games, a game tech firm, has just moved away from Ethereum and introduced its new Mythos ecosystem on Polkadot, which would let gaming partners create their own chains. Polkadot broke the news.
The team stated:
“Mythical Games has announced its plans to migrate its Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network.”
Following Bitcoin’s price drop last week, the Polkadot (DOT) price exhibited no evidence of a positive trend, mirroring the altcoin market in general.
On the other side, it was announced on April 26 at Consensus 2023 that the social network MeWe will be integrating with the Frequency blockchain network, a parachain of Polkadot. The corporation will start migrating user accounts to the new network this quarter, according to the release.
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