Polkadot’s ecosystem saw a 33% rise in transactions in June, even as the value of DOT hit a seven-month low. Transactions surged to 16 million from 12 million in May, driven by One Frequency and Mythos Chain.
Notably, the number of unique addresses with non-zero balances rose to over 7 million. Polkadot’s OpenGov platform also experienced a 66% increase in proposals, reaching 151.
Despite the market downturn, Polkadot’s treasury remains strong, with assets totaling $167 million. Concerns about the treasury’s sustainability were debunked by stakeholders.
DOT’s price briefly dipped under $5 but has slightly recovered. Whales are capitalizing on the low prices for staking purposes.
Polkadot’s resilience and growth in transactions and governance activity highlight its strategic long-term potential in the blockchain space.
