Despite a bear market and the FTX scandal, the blockchain platform Polkadot had an impressive quarter in Q4 2022, according to a report by Messari. The report highlighted the record-breaking performance of the platform during this time period.
După ce Scandal FTX, the market experienced a major downturn, leading to a decrease in the market capitalization of Polkadot by 31% from the previous quarter and 83% from the previous year. Despite this decline in market value, the financial stability of the network remained intact, and there was a predictable increase in the supply of DOT tokens.
Despite a challenging market scenario, the activitate în lanț of Polkadot demonstrated remarkable growth Quarter on Quarter (QoQ). According to a report, the daily active accounts increased by 64%. The number of new accounts rose by 49% because individuals searched for more decentralized networks.
The developer community of Polkadot has also experienced significant growth, earning the distinction of being the second largest, with 764 full-time developers. In the last quarter, seven new teams acquired parachain slots, among them were Bitgreen, Crust Network, Ajuna Network, Parathread 2092, Frequency, OmniBTC, and Pendulum. Kilt, as well, achieved a noteworthy accomplishment as the first parachain to migrate from Kusama to Polkadot smoothly.
Santiment analyzed at the end of January 2023, which listed the top ten alternative coins based on their development activity. According to the data, Polkadot (DOT) was the leader, with 441 commits recorded, and was followed by Kusama (KSM) and Cardano (ADA).
Source: https://crypto.news/polkadot-on-chain-and-developer-activity-grow-despite-market-conditions/