Polkadot Price

Track Polkadot Price Today, Live DOT Price Chart & Market Cap

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FROM DOT
TO USD

Polkadot Price Live Data

24H Range
$?4.20
24H Range
$?4.32
52W Range
$?3.59
52W Range
$?11.86
ATH & ATL Range
$?2.82
ATH & ATL
$?54.98
Polkadot Price$?4.24
Market Cap$?6.32B
Diluted Market Cap $?4.24B
24H Volume$?258.49M
Vol. / M. Cap Ratio 0.0409
Dominance 0.31%
ATH $?54.98 (-92%)
ATH Date Nov 4, 2021
ATL $?2.82
ATL Date Aug 22, 2020
Cycle Low $?3.59
Cycle High $?11.86
Circ. Supply 1.49B (149%)
Total Supply 1.49B
Max Supply 1.00B
Supply Inflation 51.00% (High)
Volatility 5.72% (High)
PlatformDOT
Release Date Aug 18, 2020
Fear & Greed Index 33 (Fear)
Sentiment Bearish
Show more ↓

Polkadot price today is $?4.24 with a 24-hour trading volume of $?258.49M, market cap of $?6.32B, and market dominance of 0.31%. The DOT price decreased -0.64% in the last 24 hours.

Polkadot reached its highest price on Nov 4, 2021 when it was trading at its all-time high of $?54.98, while Polkadot's lowest price was recorded on Aug 22, 2020 when it was trading at its all-time low of $?2.82. The lowest price since it's ATH was $?3.59 (cycle low). The highest DOT price since the last cycle low was $?11.86 (cycle high). The Polkadot price prediction sentiment is currently bearish, while Fear & Greed Index is showing 33 (Fear).

Polkadot's current circulating supply is 1.49B DOT out of max supply of 1.00B DOT. The current yearly supply inflation rate is 51.00% meaning 503.67M DOT were created in the last year. In terms of market cap, Polkadot is currently ranked #7 in the Proof-of-Stake Coins sector and ranked #12 in the Layer 1 sector.

Highlights

  • Price has increased by 5% in the last 1 year
  • Positive performance compared to
  • in the last 30 days (53%)
  • Has liquidity based on its market cap
  • Trading on KuCoin

Risk Analysis

  • Outperformed by 76% of the in 1 year
  • Outperformed by and
  • Trading below the
  • Down -92% from all-time high
  • Yearly inflation rate is
See All Risk Checks

Polkadot Token Sale

Initial Price $?0.29
Start DateOct 14, 2017
End DateJul 27, 2020
ROI [USD]14.71x
ROI [BTC]1.50x
ROI [ETH]1.85x
TypeICO
PlatformDOT
More InfoPolkadot ICO

The price of Polkadot in the ICO was $?0.29 and the token sale ended on Jul 27, 2020. Since then, DOT price increased 14.71x against US Dollar, increased 1.85x against Ethereum and increased 1.50x against Bitcoin. To learn more about Polkadot ICO click here.

Polkadot Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
PolkadotUS Dollar DOT/USD 0.32%-0.64%2.91%-8.75%-36.87%-62.36%-50.10%5.50%-86.15%--44.26%
PolkadotBitcoin DOT/BTC -0.58%-1.84%3.90%-4.05%-23.22%-53.43%-62.87%-53.59%-88.95%---70.12%
PolkadotEthereum DOT/ETH -0.70%-1.32%6.62%1.36%-2.73%-38.27%-51.01%-30.04%-80.49%---74.52%
PolkadotTether DOT/USDT 0.32%-0.64%2.91%-8.75%-36.87%-62.36%-50.10%5.50%-86.15%--44.26%

Polkadot price in US Dollar has decreased by -8.75% in the last 1 month. DOT is up 1.36% against Ethereum and down -4.05% against Bitcoin in the last 1 month.

Polkadot Quarterly Returns

YearQ1Q2Q3Q4Total
2020----48.17%113.45%216.27%
2021299.19%-55.81%74.42%-6.50%187.70%
2022-20.11%-66.92%-10.50%-31.79%-83.87%
202347.07%-18.16%-20.87%100.93%91.36%
202416.97%-35.87%------
Average 85.78%-44.19%22.81%44.02%102.87%

The top-performing year for Polkadot was 2020 when the price of DOT increased by 216.27% from $?2.94 to $?9.29. The worst performing year for Polkadot was 2022 when the price dropped by -83.87% from $?26.72 to $?4.31. The average yearly growth of Polkadot over the last 5 years is 102.87% per year. Usually, Polkadot performs best in Q1 with an average of 85.78% gain and worst in Q2 with -44.19% loss.

Polkadot Price Closing History by Level

PriceDays Above% of Polkadot's Life
$?54.98 ATH--
$?50.0090.61%
$?45.00171.15%
$?40.00644.32%
$?35.001177.90%
$?30.0017711.95%
$?4.24 Price Now139794.33%
$?4.00145498.18%
$?3.00148099.93%
$?2.001481100.00%
$?1.901481100.00%
$?1.801481100.00%

The table above shows the number of days which Polkadot closed above a certain price level.

Polkadot Price & ROI on this Date

DatePriceROI
Sep 10, 2024 Today$?4.24-
Sep 10, 2023$?4.240.01%
Sep 10, 2022$?7.76-45.41%
Sep 10, 2021$?29.84-85.80%
Sep 10, 2020$?4.68-9.57%

The table above shows the price and ROI of Polkadot today and previous years on the same date (Sep 10).

DOT Exchanges

Polkadot is being traded on 95 cryptocurrency exchanges, including Binance and KuCoin. $?258.49M worth of Polkadot changed hands in the last 24 hours. If you wish to purchase DOT, check our guide on how to buy Polkadot in 6 steps.

ExchangePrice Volume Action
Binance$?4.24$?10.08M$?4.24$?10.08M Trade Now
KuCoin$?4.24$?1.32M$?4.24$?1.32M Trade Now
Kraken$?4.23$?1.18M$?4.23$?1.18M Trade Now
Bybit$?4.24$?3.02M$?4.24$?3.02M Trade Now
OKX$?4.24$?1.18M$?4.24$?1.18M Trade Now
gate.io$?4.24$?1.63M$?4.24$?1.63M Trade Now
Binance Futures$?4.24$?61.03M$?4.24$?61.03M Trade Now
PrimeXBT$?4.24$?196,131$?4.24$?196,131 Trade Now
MEXC$?4.24$?343,498$?4.24$?343,498 Trade Now
Coinbase$?4.23$?1.62M$?4.23$?1.62M Trade Now

About Polkadot

Polkadot is a blockchain project that was founded in 2016 and launched its mainnet in 2020. Polkadot was founded by Gavin Wood, an English computer scientist that was also one of the founding members of the Ethereum project.

The overarching idea behind Polkadot is interoperability—the platform is meant to enable different blockchains to communicate with each other, and perform operations like cross-chain token transfers. 

The Polkadot network itself consists of the Relay Chain, which orchestrates the network’s consensus through Nominated Proof-of-Stake, and “parachains”—these are customizable blockchains that connect to the Relay Chain and benefit from its security. All of the parachains connected to Polkadot can interoperate with each other, and combine to form an ecosystem of blockchains.

Here’s a quick summary of some of Polkadot’s most important features:

  • Founded in 2016 and raised capital through multiple token sales, including an initial coin offering
  • Mainnet launched in 2020
  • Uses Nominated Proof-of-Stake
  • Supports customized blockchains called “parachains”
  • Projects can compete for parachain slots through auctions

What is Polkadot and how does it work?

Polkadot allows parachains, which are customizable blockchains built using the Substrate framework, to interoperate with each other. Developers can tailor the features of their parachain to their specific needs, while still inheriting the security of the Relay Chain, which is at the core of the Polkadot network. 

Users who hold DOT can use their tokens to nominate validators and earn rewards from the validators they’re backing. Since operating a validator requires running a Polkadot node on a 24/7 basis, most everyday DOT holders will participate in the network as nominators. It’s also possible to stake the DOT crypto through centralized crypto exchanges that offer Polkadot staking services.

The number of parachains that Polkadot can support is limited, which is why projects that want to operate a parachain have to buy a parachain slot via parachain slot auctions. To bid in these auctions, projects need to provide DOT, which is Polkadot’s native asset. Through a mechanism called “crowdloans”, parachain projects can receive DOT loans from their supporters to help them win a parachain slot auction. 

The first parachain slot auctions on Polkadot happened in late 2021. The network has since onboarded more than a dozen parachains and the list is steadily growing over time. Parachain projects are tackling a number of use cases, here are some of the examples:

When talking about Polkadot, it’s also important to mention the Web3 Foundation, a Switzerland-based organization that provides grants to projects building on Polkadot and also publishes research related to blockchains, cryptography and Polkadot. 

The Substrate framework, which is used by Polkadot was developed by Parity, a software development company that’s also one of the main drivers of the technical development of Polkadot.

Polkadot price history

Most cryptocurrency prices see major fluctuations as the market goes through its bullish and bearish cycles, and DOT is no exception. DOT is one of the largest crypto assets in terms of market capitalization, and is available on almost all of the biggest cryptocurrency exchanges where it can be exchanged for other digital assets or fiat currency. 

Let’s quickly go through the DOT price chart some of the biggest milestones for the DOT price since the token began trading on exchanges.

  • $5 - The price of DOT exceeded $5 for the first time ever in September 2020
  • $10 - DOT first reached the $10 mark in January 2021
  • $20 - The first time that DOT reached a price of $20 was in February 2021
  • $30 - The DOT coin price first reached $30 in February 2021
  • $40 - The first time that DOT reached $40 was in February 2021
  • $50 - The Polkadot crypto price first exceeded $50 in November 2021

The Polkadot market cap has of course also seen major fluctuations. For example, the DOT market cap was at $3.5 billion in September of 2020 and increased all the way to $53 billion in November 2021.

Polkadot supply

A notable aspect of Polkadot is that the supply of DOT is not capped, which means that there is no DOT max supply. The total supply of DOT inflates over time, at a rate of about 10% per year. This means that DOT holders are incentivized to stake their coins and contribute to the security of the network, to avoid the value of their DOT holdings being diluted.

As of June 2022, the supply of DOT was just under 1 billion coins, but this number will increase over time.

One DOT consists of 10 billion “Plancks”. This is the smallest possible denomination of DOT, similar to how 100 million “satoshis” make up 1 BTC. The DOT token went through a redenomination process in August of 2020. The redenomination defined 1 DOT as consisting of 10 billion “Plancks”. When comparing the Polkadot price today to prices during the Polkadot token sale, it’s important to take the redenomination into account.

The most important Polkadot milestones

The Polkadot project has seen some significant developments since it was founded in 2016. Here’s a list of some of the biggest milestones that Polkadot has achieved so far:

  • October 2017 - The Polkadot ICO raises $145 million
  • June 2019 - Polkadot raises undisclosed amount through private token sale
  • May 2020 - The Relay Chain begins operating
  • July 2020 - Polkadot raises $43.3 million through a private token sale
  • August 2020 - DOT is redenominated after community vote
  • December 2021 - The first parachains are added to the Polkadot network

Polkadot vs. Kusama

If you have been reading up on the Polkadot cryptocurrency, you have most likely also heard of Kusama, which is sometimes referred to as Polkadot’s “canary network”. Kusama is a platform that’s very similar to Polkadot from a technical perspective, but has looser governance parameters that allow for new features to be adopted more quickly. 

Typically, experimental features are first added to Kusama and make their way to Polkadot later if they work as intended. However, this does not mean that Kusama is a testnet. KSM is an asset with real value and there are a number of interesting projects building on the platform. In fact, many of the projects that have launched Polkadot parachains have also built parachains on the Kusama network.

FAQ

What is Polkadot?

Polkadot is a sharded blockchain protocol that aims to bring together a network of diverse blockchains, making a single, decentralized ecosystem. It uses a native currency DOT and operates using a Proof of Stake protocol.

It was originally designed by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor of Solidity, the smart contract programming language. He released a white paper on Polkadot in late 2016 and founded the Web3 Foundation, a non-profit entity meant to support the development of Polkadot.

In August 2019, an unrefined version of Polkadot, called Kusama, was released. It was used as a test network to push the limits of the network under real conditions. A few months later, in May 2020, Phase 1 of Polkadot mainnet launched with Proof of Authority protocol, under the governance of Web3 Foundation. The network transitioned to Proof of Stake in Phase 2, a few months later, unlocking the option for DOT owners to stake their coinsa and claim validator slots.

How does Polkadot work?

Polkadot uses a Relay Chain, to which all other networks are connected, making it the heart of the network. Each network connected to the Relay Chain can be made for a specific use, which allows developers to create the exact functionality they need, which greatly improves efficiency and security. The Relay Chain is able to process all transactions from all connected networks at the same time, which can be utilized for great scalability.

Polkadot allows connected chains to communicate with each other and exchange any type of data, in order to create a network many of specialized entities.

How is Polkadot used?

Polkadot can be used for any purpose by design. It is meant to be the connection between different, specific blockchains, each supporting a specific need.

Let me bring some context by making an example. Reddit is an excellent candidate for this as it does not offer much by itself. If you want to watch a video, it sends you to Youtube (or other video services). If you want to read some news, you are routed to news websites.

Instead of making a separate video player and hosting many different options, Reddit simply connects the services of other websites and creates an environment where they can be used together. This allows one user to have a Youtube video, Instagram picture and a Tweet, all in one post.

Polkadot aims to create a similar environment, one that developers can use to create a dedicated product on a network meant for everything.

Why are DOT coins valuable?

Like other cryptocurrencies, the value of DOT relies heavily on supply and demand. This means that the value could rapidly drop or rise, depending on large asset movements on the market. Investments can prove quite risky even if all the necessary factors are taken into account.

How do I get Polkadot?

DOT can be bought on most cryptocurrency exchanges, however,  a direct DOT/fiat pair is not commonly available, so using BTC as a mediator is required. It can also be privately received from another user. 

There is an option to stake your DOT in order to gain annual interest.

Is DOT a good investment?

The cryptocurrency market is generally considered very volatile, making cryptocurrencies a high-risk investment. Large investments are highly discouraged for users who are not involved in the market, or don’t have in-depth knowledge on cryptocurrency technology or markets.

On the other hand, Polkadot brings a lot of innovation with it and has the potential to become a larger player on the market.

How much does it cost to buy 1 Polkadot?

As of , the price of 1 DOT is . The smallest part of DOT is called “planck” and represents 0.0000000001 DOT.

Is it a good time to buy Polkadot?

On this date, DOT is , and you can find relevant technical indicators on our DOT price prediction page.

How much should I invest in Polkadot?

Like other cryptocurrencies, DOT is a high-risk investment. Even though market analysis and education can be very useful, unpredictable short-term market changes can still result in significant losses. 

As with any other investment, make sure to carefully consider your financial situation before investing, and don’t invest more than you’re willing to lose.

How do you cash out from Polkadot?

If your exchange doesn’t have a fiat pairing for DOT, your best bet is probably to exchange your DOT for BTC, and then change BTC for any desired currency. 

Alternatively, it is possible to find someone to trade DOT in person, however, this can often take a lot of time and can prove to be extremely inefficient.

Are Polkadot coins legal?

Depending on the country, cryptocurrency use can range from severely limited to completely open. You can check the legality of crypto by country or territory here.

Is staking Polkadot a good investment?

Common staking profit is around 13% on a yearly basis. This profit can additionally be altered, depending on various factors, like the stake pool performance, future network changes, staked amount, rise in DOT popularity and many more.

Additionally, having a specific piece of hardware is not required to stake, so getting into DOT staking is much easier than getting into cryptocurrency mining.

How many Polkadot coins are left?

Currently, DOT has a circulating supply of DOT coins, while the maximum supply of DOT is not pre-set.

Is my information private when using Polkadot?

Polkadot’s blockchain is not shielded or encrypted, which means that all transaction information is publicly available. Having this information is useless to most people, however, with a right toolset and knowledge, getting relevant information by analyzing wallets and transactions is certainly possible.

The state of the Polkadot ledger can be viewed at the official Polkadot block explorer.

Are Polkadot transaction fees high?

Average fees on the Polkadot are fairly low, well below 0.1 DOT on average. It is worth mentioning that validators on the network do not receive the full fee amount, as with most similar networks.

On Polkadot, most of the fee is moved to Polkadot treasury, which is used by network participants to make suggestions and fund network improvements.

Polkadot News

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DOT
Polkadot
$?4.24
-0.64% Last 24h
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