3 important fundamental factors that can increase the price of Polkadat

The Polkadat network, which has one of the most compelling ideas among the blockchains active in the field of digital currency, has long been unsuccessful in competing with other networks to attract more users. However, there are a few key factors that can further the growth of this ecosystem and increase the price of Polkadat tokens.

To Report Kevin Telegraph, the Polkadat ecosystem, performed poorer in 2021 compared to other first tier networks. However, the gradual holding of the Parachain auction and the launch of the main network allowed Polkadat to remain competitive.

This trend seems to be growing very soon after the parachute auction and ended in mid-March (March 1400). At that time, several projects in the Polkadat ecosystem saw their tokens increase in price, and this price increase was largely due to the popularity of networks that introduced new capabilities and moved towards compatibility with the Atrium Virtual Machine (EVM).

In the image above, you can see the pricing trend of the top six protocols in the Polkadat ecosystem, which help the network to have a successful presence in the digital currency space.

Interactivity is the trump card of Polkadat

Interactivity was one of the drivers of the digital currency market last year. Monabim (GMLR) and Star (ASTR) are two examples of parachutes in the Polkadat network that focus on creating multi-chain interaction with Atrium and other networks.

Monbim is a smart contract support parachute that aims to make it easier to use Atrium Development Tools to create or deploy Solidarity-based programming projects in a Polkadat-based environment.

Monbeim was the first parachute to launch on the main Polkadat network. The project aims to add intra-chain governance, shareholding and inter-chain interaction to Atrium’s core features.

Astar is a decentralized application that supports a variety of standards, including Atrium, Web Assembly (WASM), and Layer 2 solutions such as zk-rollups. The goal of the Star Protocol is to become a multi-chain smart contract platform that can support multiple Chinese blockchain networks as well as the Atrium virtual machine.

According to data from the analytical site DefiLlama, after the launch of the Star Network in late January 2022 (December 1400), it was able to increase the value of its total locked capital to a peak of $ 1.47 billion. At present, the total value of locked capital in this network is $ 1.31 billion.

Monbim and Star can be said to have added important services to the Polkadat ecosystem; Because Relay Chain, this network does not support smart contracts. It is worth mentioning that Railchin is one of the most important parts of the Polkadat platform, in which each of the independent blockchains of the network, by connecting to it and sharing their blocks in this chain, benefit from the Polkadat shared security model.

Also read: What is Polkadat? Everything about the Chinese blockchain Internet

The PolkaDat diff ecosystem is still in its infancy

The Polkadat DeFi ecosystem of finance has attracted a lot of users during this time thanks to new developments in Acala and Centrifuge.

Akala plays an important role in the Polkadat defense ecosystem and has been able to bring its first native stable coin called “aUSD” to Polkadat.

Stable coins are a major part of Defy’s infrastructure, and the advent of aUSD led to the decentralization of stable coins backed by the Pulkadat (DOT) token, its derivatives, and assets from other networks such as Bitcoin or Atrium.

With the arrival of Akala and aUSD, the Polkadat ecosystem has joined companies such as Terra, Frax Share and Curve Finance, which operate in the hot market for stable coins; An area that has become one of the influential sectors in the evolution of decentralized finance.

Centrifugation is a decentralized liquidity protocol for connecting real-world and decentralized finance. The platform aims to achieve its goals by building tokens for assets such as invoices for goods and services, real estate and royalties in various industries.

One of the main goals of this protocol is to help users to benefit from assets that do not rely on digital currencies. Reducing the amount of capital needed to start various projects in small and medium-sized companies and creating a stable source of income for investors is another goal of this platform based on Polkadat.

With the help of centrifuges, various institutions can convert their real assets into tokens and obtain loans from the Tinlake protocol by pledging them.

Web 3.0 accelerates the growth of Polkadat

Web 3.0 is another popular concept in the digital currency ecosystem and is in fact just a fictitious term for integrating China blockchain technology with the Internet.

Saito and Kylin are two protocols in the Polkadat ecosystem that focus on facilitating the evolution of Web 3.0 through scalability and data management.

Sito Blockchain Network is designed to process terabytes of data, and instead of miners or stocks, it uses the node-rewarded peer-to-peer (P2P) networking method, which is not dependent on the licensing issue and is scalable.

Popular sites and platforms such as Facebook, Twitter, and Amazon, which are currently active exclusively in the current generation of the Internet, Web 2.0, will eventually need these features to bolster their decentralized versions.

Also read: The most comprehensive tutorial on fundamental analysis of digital currencies + video

Kylen also provides the decentralized infrastructure for managing the data of the Polkadat ecosystem on the Web 3.0 called DeData. The Kylian protocol includes a Data Oracle, analytics tools, and a data market.

The Kylian Data Analysis section is a set of tools designed for analytical databases that extracts purposeful findings, patterns, and interpretations. All of this also provides the necessary conditions for the commercialization of data-related capabilities in a low-cost way for the general public.

Oracle Data Killin is a decentralized and advanced data feeding protocol that can process any type of in-chain and out-of-chain data in a valid manner.