Polkadot (DOT) Rises 3.31%: What’s Driving Today’s Price Strength?
Polkadot $DOT is trading higher today, gaining 3.31% to around $2.20, as improving market sentiment lifts major altcoins. The move is supported by a 3.94% increase in market cap to $3.64 billion, showing renewed confidence from investors. Trading activity has also picked up, with 24-hour volume rising 16.73% to $170.76 million, a sign of healthier demand rather than a low-liquidity bounce.
Polkadot’s fundamentals remain a key factor behind the price action. The network focuses on interoperability, allowing multiple blockchains to communicate and share security through its relay chain and parachain model. With 1.65 billion DOT in circulation, equal to its total supply, and no fixed maximum supply, DOT’s valuation is more closely tied to ecosystem growth and utility than strict scarcity.
The Vol/Mkt Cap ratio of 4.66% suggests steady accumulation rather than speculative excess. Overall, DOT’s rise reflects broader Layer-0 and infrastructure optimism as traders rotate back into established blockchain ecosystems.
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