Polkadot (DOT) Price

$5.11

Polkadot (DOT) Price Today

The live price of Polkadot is $5.11 USD. In the past 24 hours, the trading volume of Polkadot was $399M USD, with a change of +7.07%. The current live price of Polkadot has changed by +5.49% from its 7-day high of $4.85 USD and by +33.60% from its 7-day low of $3.83 USD. With a circulating supply of $1,576,098,618.65 DOT, the market cap of Polkadot is currently $7.6B USD, marking a +6.85% change in the last 24 hours. Polkadot currently ranks 20 by market capitalization.

Polkadot (DOT) Market Data

Market Cap

$8B

24h Volume

$399M

Circulating Supply

1.5B DOT

Maximum Supply

Fully Diluted Market Cap

$8B

Liquidity Indicator

4.95%

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About Polkadot (DOT)

What Is Polkadot (DOT) and How Does It Work?

Polkadot (DOT) is a next-generation blockchain protocol designed to enable interoperability between disparate networks. Launched in May 2020 by the Web3 Foundation and spearheaded by Ethereum co-founder Gavin Wood, Polkadot uses the DOT token for network governance, staking, and bonding to secure new parachains. Its core focus is on creating a scalable, upgradeable, and decentralized Web3 ecosystem that connects specialized blockchains in a unified framework.

Under the hood, Polkadot’s architecture revolves around a central Relay Chain that coordinates consensus and transaction finality across multiple parallel chains called parachains. Validators secure the Relay Chain via a nominated proof-of-stake (NPoS) model. DOT holders can nominate trusted validators, and collators maintain parachain blocks, which are then validated and finalized on the Relay Chain. This design allows parachains to process transactions in parallel, boosting throughput and enabling bespoke chain logic while sharing Polkadot’s pooled security and governance mechanisms.

What Are Parachains and How Does the Relay Chain Secure the Polkadot Network?

Parachains are independent, application-specific blockchains that run in parallel to Polkadot’s central chain. Each parachain can implement its own runtime logic, whether a DeFi app, gaming network, or identity platform, while remaining interoperable with the rest of the ecosystem. To join Polkadot, a parachain registers its state-transition function on the Relay Chain; collators then gather transactions and propose state proofs, which Polkadot’s validators verify against the registered logic before inclusion.

The Relay Chain is Polkadot’s heart of security and consensus. It employs a nominated proof-of-stake (NPoS) mechanism where DOT holders nominate validators to secure the network. Validators on the Relay Chain check parachain block availability and validity, finalizing them only after rigorous checks, thereby providing “shared security” to all connected parachains. This pooled security model lets parachains focus on feature development, confident that the Relay Chain upholds overall network integrity and resistance to attacks.

Who Founded Polkadot and When Was It Launched?

Polkadot was conceived in 2016 by Ethereum co-founder Dr. Gavin Wood, along with Robert Habermeier and Peter Czaban, under the auspices of the Web3 Foundation. After publishing its white paper in 2016, the project raised $144.3 million in its October 2017 ICO. Development was led by Parity Technologies, founded by Gavin Wood and Jutta Steiner. Following a series of testnets and “chain candidate” launches, Polkadot’s mainnet went live on May 26, 2020, initially under a proof-of-authority model before transitioning to NPoS consensus by June 2020. By December 2021, parachain functionality was fully enabled, ushering in cross-chain interoperability through slot auctions and crowdloans.

Polkadot Roadmap & Future Milestones

Polkadot’s 2025 roadmap builds on its scalable multi-chain design with several key upgrades:

1. Polkadot 2.0 Upgrade (Q1 2025): Introducing Async Backing and Elastic Scaling for higher throughput and performance, plus the Polkadot Virtual Machine (PVM) for richer smart-contract capabilities.

2. XCM v5 Cross-Chain Messaging: Enhancing cost predictability and user experience for asset transfers across parachains and external networks.

3. Asset Hub Smart Contract: A dedicated hub to launch and manage assets with shared security, lowering barriers for new tokens.

4. Decentralized Governance (Gov2): Shifting to a more robust, community-driven governance framework.

5. Parathreads & Developer Tooling: Enabling pay-as-you-go network access via parathreads and rolling out the JAM Rust SDK to streamline dApp development.

What Is DOT Token Utility?

DOT serves as the lifeblood of the Polkadot ecosystem. You stake DOT to secure the network and earn inflationary rewards via its nominated proof-of-stake model. You bond DOT when onboarding or renewing parachains, ensuring they share Polkadot’s pooled security. And as a governance token, DOT holders propose and vote on upgrades, treasury spending, and protocol changes through Polkadot’s on-chain OpenGov framework.

You can also trade DOT on BingX’s spot market with ease. Simply choose your pair, such as DOT/USDT, then place a market or limit order using our real-time order books. Benefit from competitive fees, advanced charting tools, and 24/7 liquidity to enter or exit positions swiftly.

What Is Polkadot Tokenomics?

Polkadot’s DOT tokenomics are built around an open-inflation model with no hard cap on total supply. As of Q2 2025, the circulating supply sits at approximately 1.39 billion DOT out of a current total issuance of 1.48 billion DOT. Rather than a fixed maximum, Polkadot targets a 10% annual inflation rate, minting roughly 120 million new DOT each year to reward network participants.

Newly issued DOT are split between the treasury (15%), funding ecosystem development and governance proposals, and stakers (85%) as inflationary rewards to incentivize securing the Relay Chain via NPoS. DOT holders can bond tokens to become validators or nominate trusted validators, earning yield proportional to stake size and network participation rates. Additionally, DOT is used for bonding parachains (locking up tokens to lease a parachain slot) and drives Polkadot’s on-chain governance, where every token represents one vote on protocol upgrades, treasury spend proposals, and referenda.

How to Stake DOT Tokens on Polkadot Network

Here’s a step-by-step guide to staking your DOT on the Polkadot network:

1. Set Up & Fund Your Polkadot Wallet: Create or open a Polkadot-compatible wallet (e.g., Polkadot.js Extension, Ledger Live, or Trust Wallet). Ensure you have enough DOT to cover your desired stake plus a little extra for transaction fees (the existential deposit is 1 DOT).

2. Connect to the Staking Dashboard: Go to the Polkadot Staking Dashboard (staking.polkadot.network) and click “Connect Wallet”. Approve the connection in your wallet interface.

3. Bond (Lock) Your DOT: In the Nominate tab, enter the amount of DOT you want to bond. Click “Bond Extra”, specify your amount, and submit. This locks your tokens for staking.

4. Select Validators: Choose up to 16 validators to nominate. Review commission rates, performance stats, and identity info to pick reliable nodes. Add each validator to your nomination list and confirm.

5. Confirm & Wait for Activation: Approve the nomination transaction in your wallet. Your stake will become active at the start of the next era (roughly 24 hours), after which you begin earning rewards.

6. Monitor Rewards & Unbonding: Track your staking rewards on the Dashboard under “Account Actions”. To withdraw, initiate “Unbond”, which starts a 28-day unbonding period before your DOT becomes transferable again.

How Is Polkadot Different From Other Blockchains Like Ethereum?

Polkadot and Ethereum take fundamentally different approaches to scalability and interoperability. Ethereum is a single, monolithic layer-1 blockchain whose primary mission is to host smart contracts and decentralized applications via its Ethereum Virtual Machine (EVM). To scale, Ethereum relies on permissionless layer-2 rollups and sharding roadmaps under ETH 2.0, meaning developers tap into a shared settlement layer but must build or integrate with external scaling solutions.

In contrast, Polkadot uses a heterogeneous multi-chain architecture: a central Relay Chain for security and consensus, plus specialized parachains that process transactions in parallel and communicate natively. This “shared security” model lets each parachain customize its logic and performance without sacrificing network-wide safety.

Their governance and upgrade paths also diverge. Ethereum’s on-chain protocol changes emerge from off-chain community discussions, EIPs, and core developer coordination, often leading to lengthy upgrade cycles and hard forks. Polkadot, however, integrates a fully on-chain OpenGov framework: DOT holders can propose referenda, vote, and enact upgrades or treasury spending automatically, enabling seamless, fork-free evolution.

Additionally, staking on Polkadot involves bonding DOT to validators or nominating trusted nodes directly on the Relay Chain, whereas Ethereum’s PoS requires validators to stake a fixed 32 ETH and relies on external beacon-chain coordination. This holistic design - combining parallel processing, slot auctions for parachains, and embedded governance, sets Polkadot apart from Ethereum’s single-chain, layer-2-centric model.

What Fees Are Involved When Transacting or Staking DOT?

When you send DOT or interact on Polkadot, you pay a small extrinsic fee made up of a base fee, a weight fee (for compute resources), and a length fee (for transaction size), plus any optional tip to speed inclusion. In practice a simple DOT transfer usually costs 0.01–0.02 DOT (10–20 milliDOT) per transaction.

Staking actions (bonding, nominating, unbonding) incur the same on-chain transaction fees, and when rewards are paid out, your chosen validator typically deducts a commission fee (commonly around 5% of earned rewards) before distributing the rest to nominators.

Which Wallets Support DOT Tokens?

Popular non-custodial options for managing DOT include the Polkadot.js browser extension, which integrates directly with Polkadot’s Staking Dashboard, SubWallet and Talisman (both available as web extensions and mobile apps), and Nova Wallet for seamless on-the-go staking and governance participation. If you prefer a mobile-first experience, Trust Wallet supports DOT alongside other major chains, letting you buy, swap, and track your balance in one place. For enhanced security, hardware wallets like Ledger (via Ledger Live or connected through your preferred Polkadot wallet) and Polkadot Vault (a cold-storage option on an offline device) let you hold your private keys completely offline.

Alternatively, you can securely store DOT directly in your BingX spot wallet. Simply deposit DOT into your BingX account to benefit from institutional-grade custody, 24/7 access, and integrated portfolio tracking. Your DOT remains insured under BingX’s security protocols, and you can trade or withdraw at any time without managing separate private keys.

What Makes Polkadot (DOT) a Good Investment?

Polkadot’s technical innovation and growing ecosystem make it a standout long-term play. Its heterogeneous multi-chain architecture, built around a high-throughput Relay Chain and customizable parachains, enables true interoperability across blockchains without sacrificing security. Developers leverage Substrate, Polkadot’s modular framework, to launch parachains tailored to specific use cases, from DeFi to gaming, all while sharing the Relay Chain’s pooled security. Continuous upgrades (e.g., Async Backing, the Polkadot Virtual Machine, and XCM v5 cross-chain messaging) further enhance performance and user experience, positioning Polkadot as a core infrastructure layer for Web3 applications.

On the economic front, DOT combines attractive staking yields, robust governance, and institutional backing. With a target inflation rate of around 10%, of which 85% rewards stakers, DOT offers competitive annual yields for bonders and nominators, incentivizing network security via its nominated proof-of-stake model. Major parachain auctions and crowdloan campaigns have locked billions of DOT in network bonds, underscoring strong community and project demand. Backed by the Web3 Foundation and Parity Technologies, Polkadot enjoys blue-chip credibility, and ongoing roadmap milestones (like the Asset Hub and Gov2 upgrades) bolster its value proposition. Together, these factors underpin DOT’s potential for sustained adoption and price appreciation.

Information source

Official Website

Whitepaper

Polkadot (DOT) Price Converter

DOT to USD

1 DOT = $ 5.12

DOT to VND

1 DOT = ₫ 132,950.76

DOT to EUR

1 DOT = € 4.55

DOT to TWD

1 DOT = NT$ 154.91

DOT to IDR

1 DOT = Rp 84,715.71

DOT to PLN

1 DOT = zł 19.26

DOT to UZS

1 DOT = so'm 66,415.59

DOT to JPY

1 DOT = ￥ 744.37

DOT to RUB

1 DOT = ₽ 422.43

DOT to TRY

1 DOT = ₺ 198.49

DOT to THB

1 DOT = ฿ 168.81

DOT to UAH

1 DOT = ₴ 213.05

DOT to SAR

1 DOT = ر.س 19.20

Polkadot Price Converter

How to Buy Polkadot (DOT)

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By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.