Polkadot (DOT) up 5% as Community Votes on Crucial Upgrades
Polkadot (DOT) metrics go green in hopes of comprehensive overhaul
Polkadot (DOT) is on a mild bullish rampage today as the broader market is in recovery mode. Polkadot is changing hands at a price of $4.57, up by more than 2.54% in the past 24 hours and by more than 5% in the trailing seven-day period, according to data from CoinMarketCap.
Polkadot ecosystem diversity Polkadot has been a very ambitious low-ranger among its rival Layer 1 blockchain protocols as it concerns its ecosystem expansion, which is translating to price growth. There is always a lot going on on the Polkadot network at any given time.
According to an update from Bill Laboon, there are a number of upgrade proposals out there for members of the Polkadot ecosystem to decide on the future of the blockchain protocol. One of the most renowned of these updates is the proposal to register DOT as an asset on the Kusama Asset Hub.
This proposal that is up for voting will be a game-changer that will further bolster the interoperability between Polkadot and Kusama, which has been acting as its canary network from inception. There are other updates surrounding the ongoing parachain lease auction, of which Astar Network is currently in the lead by a wide margin.