In recent months, the total volume of cryptocurrencies is rising at a rapid pace. Along with the number of investors growing for the crypto-market, the trading volume of tokens has also surged in value. The trading volume is measured with the number of coins which has been exchanged in a period of time.
Significantly, Polkadot is a multi-chain network that serves as a hub for blockchain projects. It connects to these various networks and employs an ultra-efficient infrastructure to ensure security and fast transactions.
With the essential feature in the Polkadot ecosystem, the tokens of this network have soared in volume. Moreover, Polkadot ensures security and fast transactions that grab the attention of users and investors. As a result, the trading volume of crypto tokens in the Polkadot ecosystem is impressive. Let’s dip into the top 5 crypto tokens in the Polkadot ecosystem by volume and they are as follows: DOT, LINK, KSM, ONT, and FRONT.
Tokens Of Polkadot Ecosystem
Among the crypto investors, there would be no one without knowing about Polkadot (DOT) which is one of the top 10 cryptocurrencies in the market. When the whole world was whining about the crackdown of the crypto-market and Bitcoin, Polkadot users were also losing hope. However, DOT cracked all the challenges and still records high in terms of the trading volume.
DOT is the top token in the Polkadot ecosystem by trading volume with $5.5 billion, followed by Chainlink (LINK) with a trading volume of $4.1 billion. The list continues with Kusama (KSM) with a trading volume of $515 million, and then follows Ontology(ONT) with a trading volume of $435 million. Frontier (FRONT) token holds the top fifth position on the list by trading volume with $229 million.
However, this blockchain technology used in the Polkadot ecosystem allows users to transact faster. The advancements help investors in lots of transactions per second by ensuring security. Furthermore, this feature is an additive structure to the ecosystem, resulting in high trading volume for its tokens. Moreover, the on-going developments in the ecosystem will grab more attention from investors in the future.