• Polkadot (DOT) has had a strong start to the year, rising 8% in the last seven days.
• On-chain activity on the Polkadot ecosystem is booming, with over 550 projects running or in development.
• Polkadot has scored major partnerships with NTT Docomo and Square Enix, further strengthening its Web3 infrastructure.
Polkadot (DOT) has ushered in the first week of 2023 on a strong note, rising 8% in the last seven days, according to data from Coingecko. This bullish sentiment has been reflected in the activity on the Polkadot ecosystem itself, which has seen a steady increase in new users, peaking on January 6th at 2,126 new users, as well as a gradual increase in revenue, from an average of $671.8 million in the final week of December to $709.3 million this week.
The Polkadot ecosystem has seen a surge in development activity, with over 550 projects running on-chain or in development. These projects range from traditional finance to gaming to renewable energy. Polkadot has also made significant strides in establishing itself as a major player in the Web3 space, having secured major partnerships with Japanese phone operator NTT Docomo and video game company Square Enix.
These developments have positioned Polkadot as a major player in the Web3 space and the token’s price has responded positively. However, the token has yet to break out of its current trading range and remains to be seen if the bullish sentiment will be sustained. Nevertheless, Polkadot’s strong start to the year is a promising sign for the future of the ecosystem.