Polkadot, a prominent competitor in the cryptocurrency space, has announced steady growth within its ecosystem, according to a recent blog post from the development team. The update highlights increasing participation and vibrant developer engagement, despite prevailing market hurdles.
The blog series, which offers a detailed overview of network activity, engineering advancements, and recent product developments, notes several key trends from July. Notably, Polkadot’s governance system, OpenGov, experienced heightened activity with 1,134 unique voters casting ballots in 118 referenda. Out of these, 65 referenda were approved, 29 were rejected, 22 timed out, and 2 were canceled, reflecting active involvement from DOT holders.
Developer engagement remains robust, with the Polkadot network now hosting nearly 30,000 repositories and weekly commits surpassing 5,500—an increase from the previous month. Approximately 900 developers contribute weekly, maintaining strong momentum within the ecosystem.
The Polkadot Forum also saw growth, with 161 new members joining in July. The community generated 89 new topics and 676 posts, achieving 300,000 page views and 5,800 user visits. This indicates an active and engaged user base.
In addition, Kusama experienced a rise in coretime sales, with 62 cores sold to seven unique addresses, despite a drop in core prices below 1 KSM. This continued demand underscores persistent interest in the network’s resource allocation features.
Looking ahead, the Polkadot Mobile App, anticipated for release in September 2024, was previewed by Parity CEO Bjorn Wagner at Polkadot Decoded. The app promises features such as password-free onboarding, wallet funding with DOT or stablecoins, and the ability to make purchases at over 1 million stores, with staking functionalities to follow.
To further support developers, Polkadot introduced two new APIs: the XCMFee Payment Runtime API and the XCMDryRunApi. These tools are designed to streamline XCM fee payments and enhance testing capabilities.
Additionally, blockchain gaming firm Mythical Games has transitioned its Mythical Chain to the Polkadot ecosystem, bringing over 750,000 active wallets and a user base exceeding 5 million from the Mythos Chain.
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