Polkadot to breakout with bullish updates in the DOT ecosystem

  • The eleventh Parachain auction on Kusama starts today.
  • eToro, the social trading platform, listed DOT on October 4.
  • A key project in the DOT ecosystem, Polkabridge has announced a partnership with Harmony Blockchain. 

Enabling cross-blockchain transfers, the Polkadot ecosystem has updates lined up. The tenth Parachain auction is now complete, and Kusama is ready to start the eleventh. 

Kusama gears up for eleventh parachain auction

The social trading platform eToro has listed Polkadot. eToro’s announcement states, 

DOT is a crypto that is helping unify multiple blockchains into a more streamlined experience for investors. DOT holders gain access to simplifying the protocols of different blockchains into a decentralized custom blockchain tailored to the investor’s preferences.

The social trading platform is making strides in the crypto and DeFi ecosystem. Two weeks ago, the platform rolled out a new DeFi portfolio, offering traders the chance to invest in decentralized finance tokens. 

Kusama, Polkadot’s relay chain, has launched the 11th batch of auctions ending on October 13. 

Polkadot ecosystem’s key project Polkabridge recently announced a partnership with Harmony Blockchain. The network that claims to process transactions within 2 seconds with finality is now integrated into Polkabridge’s multichain application platform. 

With upgrades in the Polkadot ecosystem, cryptocurrency analyst @AltcoinSherpa has predicted capital rotation from Bitcoin and Ethereum to altcoins like DOT in Q4 2021. 

It’s interesting to note that Kusama and Polkadot lead the crypto ecosystem in Github development activity. There are 465 new commits on Kusama and Polkadot. 

The development team is working on building bridges with blockchains like EOS, Cosmos, Bitcoin and Ethereum to support token swap without the involvement of a centralized exchange. 

Traders are awaiting the completion of Polkadot’s launch. When the project takes parachains live, the connection of connected and secure layer-1 applications will be complete. 

Proponents expect parachain launch to trigger a rally in DOT price. 

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