Since the crypto market is huge, the strength of cryptocurrencies is measured with their market capitalization and trading volume. Several crypto tokens are based on different blockchains having various features and solutions for addressing challenges. Moreover, there are coins based on the Polkadot ecosystem, BSC ecosystem, Solana, and Avalanche ecosystems.
Now, let’s look at the cryptocurrencies which are based on the Polkadot ecosystem. According to CoinMarketCap, the top three Polkadot-based crypto tokens by volume are Polkadot (DOT), Chainlink (LINK), and Kusama (KSM).
After the market crash, this week has witnessed quite a bullish run where most of the trading charts depict a greenish pattern. Thus, seeing a gradual recovery has set a sweet spot for traders and investors. Polkadot-based crypto tokens have already initiated a bullish rally where the top three tokens have surged over 3% within the last 24-hours.
Polkadot-Based Tokens
Polkadot (DOT) initiates the list as the top Polkadot ecosystem-based token which rallies nearly 2.87% within a day. Additionally, Polkadot aims to achieve levels of security and scalability by combining many blockchains. The platform also allows data or assets to transfer between blockchains. At the time of writing, DOT was trading at $18.53 with a trading volume of $825,939,147 in the last 24-hours.
The next Polkadot-based crypto-token in the list is Chainlink (LINK). Moreover, Six months ago, Chainlink data oracles began to connect with Polkadot’s core network. It provides app developers with new options for creating programs and services. Currently, LINK is trading at $16.25 with a trading volume of $7,575,070,642 within a day.
Furthermore, the top third Polkadot-based token is Kusama (KSM). Kusama Network (KSM) is a “canary network” for Polkadot, which means it acts as a relatively close replica of the Polkadot blockchain for testing new features before they are launched on the main network. Additionally, the current trading value of KSM is $170.28 with a trading volume of $1,435,210,883. Significantly, these crypto tokens are the top three Polkadot-based tokens which are listed by volume.
