CRYPTOCURRENCY
Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.
Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades
Polkadot's ecosystem saw significant expansion in Q3 2023, with the addition of five new parachains, a rise in staking metrics, and major technical upgrades. The total volume of staked DOT increased to 663 million, and the platform recorded more than 190 million on-chain events. The quarter also saw the introduction of native USDC and a 20% quarter-on-quarter rise in XCM messages.
Astar, Kabocha Lead in Polkadot and Kusama Auctions
Bill Laboon at Web3 Foundation highlights ongoing parachain lease auctions for Polkadot and Kusama networks, highlighting Astar's strong position and Kabocha's maintaining lead. He also discusses educational opportunities and grant programs.
Polkadot Q2 2023: OpenGov and XCM V3 Launch, SEC Clearance for DOT
According to Messari, Polkadot, a blockchain network designed to support interconnected, application-specific Layer-1 chain, has made significant progress in Q2 2023.
Polkadot Developers Gains Access to Chainlink Oracle Through Moonbeam Integration
Thanks to the latest integration of Chainlink oracle into the Moonbeam smart contract platform, developers in the broader Polkadot ecosystem can now access reliable price feeds as they seek to build functional DApps
Polkadot's Parachain Auctions Filling up With Astar Network Winning Third Slot
Astar Network has won the third parachain auction slot on the Polkadot Network.
Top Three Altcoins to Watch This Week: DOT, AVAX, and MANA
With a mildly volatile weekend done with, investors are looking forward to another new week in hopes of charting a positive trade history across all markets. Here are three altcoins to watch ahead of the new week.
Moonbeam Wins Second Parachain Auction Slot on Polkadot
Moonbeam, an emerging protocol that prides itself as one of the most powerful Ethereum-compatible smart contracts on the Polkadot blockchain has won the second parachain auction slot.
Acala Wins First Parachain Auction Slot on Polkadot
Acala Network, an Ethereum-compatible smart contract platform optimized for Decentralized Finance (DeFi) has won the first parachain auction on the Polkadot network.
Top Three Coins to Watch for the Week: BTC, DOT & OMG
Based on prospective ecosystem activities, BTC, DOT, and OMG are some of the top coins to watch out for this week.