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Top Polkadot Ecosystem Tokens by Market Cap

Top Polkadot Ecosystem Tokens by Market Capitalization

In recent times, many blockchains rose, claiming themselves to be the ‘Ethereum Killers’ & Polkadot is one among them. Polkadot is a faster, highly scalable network that is designed to work with other platforms. Created by ex-Ethereum CTO, Gravin Wood, Polkadot is an open-sourced, decentralized platform that serves as a protocol for protocols & a blockchain for blockchains.  

Interestingly, DOT & ETH have the same ambitions to be the leader of the Smart contract platform. Polkadot has many elements which are designed to overcome the weakness of the Ethereum protocol. However, as DOT still appears to be immature compared to ETH which is well-established, Ethereum continues to be the leader in the DeFi space. 

Polkadot is composed of Parachains which are a part of the entire blockchain, shredded to minimize the congestion. For the first time ever, two of the biggest Parachains, Astar Network & Acala collaborated to launch a ‘DeFi Raising’ program on Polkadot. 

In another boost to the Polkadot ecosystem, Interlay, a blockchain firm based in London launched a Bitcoin-based cross-chain bridge on Polkadot called interBTC or iBTC. Hence, Polkadot now has a decentralized version of ‘Wrapped Bitcoin’. 

Top Polkadot Coins by Market Capitalization

Crypto  24H Volume Current Price
Polkadot $92.20 million $9.25
Kusama $6.58 million $60.82
Ocean Protocol $2.80 million $0.229
Moonriver $3.42 million $17.18
Polkastarter $1.12 million $0.661

Latest News on Polkadot Ecosystem Tokens

Polkadot (DOT) 

Additional Read: Polkadot Whitepaper Summary

Kusama (KSM)

Ocean Protocol (OCEAN)

Moonriver (MOVR)

Polkastarter (POLS)

On the whole, the Polkadot Tokens & ecosystem is building to strengthen the DeFi space aiming to be the leader in the Smart Contract platform in the near future. With the constant updates and developments, the ecosystem may gain significant dominance very soon. 

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Additional Read: Top Cryptos to Watch this Week

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