Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Last month was full of ups and downs for the Polkadot ecosystem, from setting transaction records to groundbreaking collaborations, Polkadot continued to be popular. Demonstrating strong technical strength and thriving community vitality. Before reviewing the highlights of this month, we have to mention the recent Spammening live event. The community conducted a stress test on Kusama and easily broke the performance limit of 100,000 TPS using only 23% of the cores. In theory, if all cores are running at full capacity, TPS is expected to reach an astonishing 557,000. This extraordinary performance once again proves the technical strength and potential of the Polkadot ecosystem.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Original text: https://x.com/Polkadot/status/1865118662069490074

Compiled by: OneBlock+

Last month was full of ups and downs for the Polkadot ecosystem, from setting transaction records to groundbreaking collaborations, Polkadot continued to be popular. Demonstrating strong technical strength and thriving community vitality. Before reviewing the highlights of this month, we have to mention the recent Spammening live event. The community conducted a stress test on Kusama and easily broke the performance limit of 100,000 TPS using only 23% of the cores. In theory, if all cores are running at full capacity, TPS is expected to reach an astonishing 557,000 . This extraordinary performance once again proves the technical strength and potential of the Polkadot ecosystem.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

👉 Ecological highlights

Cross-chain collaboration: Polkadot x Cardano

Last month, Polkadot and Cardano had an in-depth exchange in a live broadcast, exploring the possibility of cooperation between the two ecosystems. The synergy between blockchains is getting stronger and stronger, and this wave of operations is a big plus!

📍 Replay link: https://x.com/i/broadcasts/1LyxBgQZQVzKN

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

FIFA Rivals on the blockchain: a boon for football fans

Football or “soccer”? The debate is endless, but we can all agree on one thing: the partnership between FIFA Rivals and Mythical Games is a huge boon to bringing ⚽️ to the blockchain! The game is expected to be officially launched in mid-2025, so it’s worth the wait.

📍 Learn more: https://x.com/FIFARivals/status/1859960054172066291

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Exclusive Interview with Gavin Wood

Polkadot founder Gavin Wood shared a lot of valuable information in an exclusive interview with MR SHIFT, not only sharing his unique insights into the future of blockchain, but also expressing many sharp opinions.

📍 Full interview: https://youtu.be/npnbqnlQtoQ?si=DXoJj9Ax6Oa6KHmO

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

PBA-X Classes Now Available

Want to improve your blockchain skills? PBA-X has launched a 4-week online course, open to everyone, don’t miss this opportunity!

📍 Register now: https://t.co/6Dh7wNq1Un

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Messari Data Report

According to Messari's analysis report, Polkadot 's transaction volume increased by 69% month-on-month, and the Nakamoto coefficient reached 112. The decentralization and activity of the ecosystem are steadily improving.

📍 Full report: https://messari.io/report/state-of-polkadot-q3-2024

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

👉 On-chain data is impressive

All-time high: 39 million transactions

According to DotLake data, Polkadot’s monthly transaction volume hit a record high. And with the addition of peaq, this is just the beginning!

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

New ecological dashboard is online

Data platform Token Terminal has released Polkadot’s ecosystem dashboard, with all key data indicators clearly visible.

📍 View Polkadot dashboard: https://tokenterminal.com/terminal/studio/dashboards/b098b738-0a30-433f-a63a-bc0d4a4ebac5

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Community governance is booming

The community voted to adjust the annual inflation rate of DOT to 8% . This is another example of a community-led, community-serving project.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Over 1 million fans

Polkadot’s Twitter followers have exceeded 1.5 million! Thank you for the support and participation of the community, “Welcome new friends, let’s build together in the future!”

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

👉 Community Highlights

DeFi and the future of gaming

At The Decentralized Mic , the teams from Velocity Labs, Dot Play, and BlockDeep Labs shared a lot of valuable insights on the future development of DeFi and blockchain games.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

JAM Easy to understand version

Kian Paimani likens the Join-Accumulate Machine (JAM) to a " supercomputer that works for everyone" , explaining complex concepts in a popular way, which is worth a look.

📍 Full video: https://youtu.be/eGLCedIT94U?si=Z8P5-yiel1URPPIC

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

👉 Project dynamics and technological breakthroughs

The world’s first verifiable multi-chain bridge is launched

The launch of Hyperbridge marks a new level of multi-chain interoperability, enabling completely trustless cross-chain operations.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

ERC-20 cross-chain pioneer

Aave becomes the first ERC-20 Token to be bridged to Polkadot via Hydration. This means that rAAVE’s cross-chain potential is even more worth looking forward to!

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

From on-chain to off-chain, SubWallet provides solutions

SubWallet has launched a crypto-to-fiat currency exchange function that supports 23 tokens and payment methods such as VISA, Mastercard, SEPA, etc., providing convenience for holiday shopping.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Nova Wallet’s “One-click Coin Swap” feature

DeFi will become more seamlessly integrated into daily life! The upcoming Nova Wallet feature will allow you to easily swap assets on the chain, even while drinking coffee.

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

peaq leads the machine economy

peaq is redefining the machine economy, covering 21 industries, connecting more than 2 million devices with a total device value of over US$1 billion .

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Hydration is growing rapidly

Since October, Hydration's monthly active users have grown by 50% , which is an impressive performance!

Polkadot November Ecosystem Monthly Report: 39 million transactions, 69% growth rate, technology and community go hand in hand

Polkadot lived up to expectations in November. Both its technological breakthroughs and community activity demonstrated its potential as the next generation blockchain network. On the road of exploring the multi-chain future, Polkadot will continue to break through itself and lead industry innovation.

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