The first machine economy DEX → where humans and machines come to trade.
Built on peaq, secured by Polkadot.
peaq
Meet MachineX — the first Machine Economy DEX 🤖
Built on peaq, @machinedex enables DePIN token swaps, rewards for providing liquidity, and (soon) tokenized robots and machines as Machine RWAs
Machine DeFi is coming to life on peaq
Check it out:
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xero 🎮
Kaito app for rewards
Swidge on @infinex
Be prepared for Virtuals presales
Monitor AVAX coins
Play games on Polkadot
Get some mints on Sophon
Take profits
Help small accounts do the above
Win together
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ChainSafe
New look, same mission:
Run the world’s systems on decentralized infrastructure.
just got a huge refresh.
From Protocol, to Infra, to Co-Development and Research, we’re building for @Ethereum, @Filecoin, @Polkadot, @Zcash, @Optimism and beyond.
Any challenge, any chain.
See for yourself 👇
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MR SHIFT 🦁
What is @Polkadot doing better than anyone else, that made the @energywebx team decide to build on the Polkadot stack?
@edhesse79 explains that the DOT ecosystem was the only place where he could build Energy Web, mainly because of a few key things:
1) Governance!
2) Cheap fees
3) the ability to have your own environment
👇🏻👇🏻
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Justin Bons reposted
death
What is a good cryptocurrency in 2025? 💎
Decentralized: SUI
Scalable: SUI
Fast: SUI
Well-governed: SUI
Economically sound: SUI
Justin Bons
What is a good cryptocurrency in 2025? 💎
Decentralized: BTC, ETH, SOL & ADA
Scalable: SOL, SUI, APT & NEAR
Fast: SOL, SUI, APT & NEAR
Well-governed: ADA, DOT, ICP & APT
Economically sound: ETH, SOL, APT & NEAR
These are only from top 30; there are many more gems out there: 🧵
Decentralized:
Decentralization exists on a multidimensional spectrum; it is not a binary!
From network topology to governance & politics, decentralization should be measured across multiple metrics, making it a complicated exercise
For the purpose of this list, we are looking purely at network topology, where combining validator counts, Nakamoto Coefficient & the "cost of attack" serve as the primary measures
ETH is the clear winner in decentralization here! 👑
When it comes to all of these decentralization metrics, it has the highest validator counts & the highest "cost to attack". Except for the Nakamoto coefficient, which ADA ended up leading in!
Scalable
We kept this one simple: Any chain that is able to exceed a max theoretical capacity of 10k TPS wins here
This is using a simple 1 to 1 value transfer for the purpose of comparison
The winner in scalability is NEAR! 👑
Thanks to its sharded design, it can scale to 100k+ TPS & beyond!
Fast
Sub-second block times are the new normal; if a blockchain does not meet this criterion, they are slow!
SUI is the winner in speed! 👑
Overtaking SOL by a very narrow margin, as both chains represent the cutting edge in parallelized blockchain design
Well-Governed
On-chain governance/stakeholder governance is the only way we preserve decentralization into the future
What is the point of a decentralized blockchain if the rules of the system can be changed in a dictatorial fashion
So for this category, we looked at the maturity of the implementation of on-chain treasuries, proposal mechanisms & other checks & balances
DOT takes the win on governance! 👑
DOT's governance design has been one of the best for years now. In particular, how stake is weighted based on time locked, along with the additional checks & balances present
Economically Sound
This might be my most unpopular take here, but the ideal economic design for a blockchain is a low tail inflation plus a high fee burn
As this guarantees security during periods of low economic activity, unlike a fixed supply cap
While being more scarce than a fixed supply chain during periods of high economic activity, due to the fee burn exceeding the inflation rate. That is what makes it more economically sound under all scenarios
The winner in economics is SOL! 👑
A difficult & probably a controversial choice, as I could easily also have justified picking ETH as the winner in this category based purely on the current numbers
The main reason I chose SOL instead is due to ETH's distinct lack of L1 scaling, as I see the fee value of a high-throughput network far exceeding that of a chain without that utility. Based on today's numbers, ETH should win, but this is an evaluation of the design, not only the current state of the network
Another minor detail here is that SOL does not burn the priority fee, mitigating the problem of unnecessarily inflating the fee during times of congestion
Conclusion
Nothing is perfect, despite what maximalists of all chains want you to think. What is "best" depends on what we prioritise & in what order
The "ideal" chain would win in all of these categories, but that is not realistic in a highly competitive market that is innovating at a breakneck pace
As these teams prioritize different aspects of the design over others, there is a correct choice in terms of who "wins" this cycle. Speed has been one of the key factors over the last year, not scalability per se
Explaining the dominance of purely parallelized chains over more sharded designs. Economics & governance have taken more of a back seat, but we can see that is starting to change
Contrary to much of, if not more cynical, public sentiment, decentralization is still respected, as most of the top chains meet these criteria. Nothing is perfect, but decentralization is clearly still valued
Moving forward, we want all chains to be as decentralized, scalable, fast, well-governed & economically sound as possible 🕊️
That is the fruition of the early cypherpunk dream: Utility drives change; that is the true value of our movement! 🔥
The current price of Polkadot is $3.9880. Over the last 24 hours, Polkadot has decreased by -6.27%. It currently has a circulating supply of 1,522,267,060 DOT and a maximum supply of 1,522,267,060 DOT, giving it a fully diluted market cap of $6.07B. At present, Polkadot holds the 15 position in market cap rankings. The Polkadot/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Often referred to as the "Blockchain of Blockchains," Polkadot is a next-gen Layer 0 meta protocol and an open-source blockchain launched in May 2020 to realize the broader vision of a secure, resilient, and fair Web3.
Polkadot unites a network of native purpose-built Layer 1 blockchains called parachains and multiple external blockchains (connected to it using innovative bridging technology), allowing them to operate at scale alongside each other seamlessly.
The parachains and external blockchains can freely interact with each other, making them interoperable. This is a significant shift from the siloed design of conventional blockchains like Ethereum and Bitcoin. Parachains can process transactions simultaneously, reducing the burden on the main chain and offering ease of scalability. They also allow developers to customize their blockchains, allowing them to optimize parachains for specific use cases with their native tokens.
The Relay Chain is Polkadot's central chain, created using the Substrate framework. The Relay Chain is responsible for maintaining Polkadot's shared security, cross-chain interoperability, and consensus mechanism. It has been designed to handle minimum functions, including the network's governance and nominated Proof of Stake (NPoS). All validators are staked on the Relay Chain and confirm transactions from the connected parachains.
The Polkadot ecosystem also has parathreads, which are parachains based on a pay-as-you-go model, making them more affordable. The parachains and parathreads can connect and communicate with external blockchains like Bitcoin or Ethereum through bridges.
The network is secured using the NPoS consensus mechanism. Users can choose to participate in the consensus system as nominators or validators. Nominators can select trustworthy validators to update the network while validators verify transactions. Both nominators and validators stake DOT and receive rewards in return.
DOT use cases
DOT serves multiple purposes within the larger Polkadot ecosystem. It is the currency used to pay transaction fees when sending data or tokens across chains. It also serves as a governance token that users can stake to vote on the future of Polkadot.
DOT tokens also serve as the currency to incentivize users to maintain the system's security. Users can stake DOT to participate in the network's consensus mechanism. DOT is also used for bonding, a type of Proof of Stake. By bonding tokens, developers can create new parachains, while removing bonded assets will delete outdated parachains.
DOT tokenomics and distribution
DOT is an inflationary token, implying it doesn't have a hard cap or maximum supply. It has an approximate inflation rate of 10 percent, with new tokens generated for incentivizing validators. One can transfer DOT in fractions, with the smallest unit being 0.0000000001 DOT, called a Planck.
10 million DOT tokens were generated during its first Initial Coin Offering (ICO) held in October 2017. The tokens were distributed in the following manner:
50 percent: ICO buyers
30 percent: Web3 Foundation for Polkadot development and other Foundation activities
11.6 percent: Web3 Foundation for future fundraising initiatives
5 percent: Private sale round held in 2019
3.4 percent: Token sale held in 2020
A DOT redenomination took place on August 21, 2020, after a network-wide referendum. As a result, the DOT balance for all existing holders was automatically increased by a factor of 100. The original 10 million DOT supply changed to 1 billion after the redenomination, and the market value of each DOT token decreased by a factor of 100. This event is popularly referred to as "Denomination Day."
About the founders
Polkadot is the flagship project of the Web3 Foundation, which was formed by Gavin Wood, Peter Czaban, and Robert Habermeier in 2017. Web3 Foundation is a Swiss-based non-profit foundation established to support Polkadot's research, development, and fundraising efforts.
A well-known name in the crypto and blockchain world, Wood is one of the pioneers of blockchain technology. He is the co-founder and former CTO of Ethereum and the founder of Parity Technologies. In addition, Wood coined the term Web3 back in 2014.
Wood also invented Whisper, a P2P communication protocol, Proof of Authority consensus, and the Solidity programming language. He currently heads the innovation initiatives on Polkadot and Substrate.
Czaban holds a master's of engineering from the University of Oxford and co-founded Web3 Foundation and Polkadot with Wood. Serving as Web3 Foundation's Technology Director, Czaban supports the creation of next-generation distributed technologies.
Habermeier is a Thiel Fellow with extensive research and development experience in cryptography, distributed systems, and blockchain tech. As a longtime Rust Community member, Habermeier is also widely known for using Rust to develop high-performance and parallel solutions.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.6K new posts about Polkadot, driven by 1.7K contributors, and total online engagement reached 899K social interactions. The sentiment score for Polkadot currently stands at 88%. Compared to all cryptocurrencies, post volume for Polkadot currently ranks at 1645. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Polkadot.
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Interactions
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Polkadot FAQ
How much is 1 Polkadot worth today?
Currently, one Polkadot is worth $3.9880. For answers and insight into Polkadot's price action, you're in the right place. Explore the latest Polkadot charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Polkadot, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polkadot have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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