The last month was disastrous for Polkadot [DOT] investors as the token shed a substantial amount of its value.
, as the token shed a substantial amount of its value. However, though its price action was not up to par, the blockchain’s network activity marked a record high., April was a bloodbath for DOT as its price dropped by more than 22%. This had an impact on the token’s social metrics.
Apart from this, it was also surprising to see a massive decline in Polkadot’s Development Activity, which usually remained high.The blockchain has reached a new ATH for monthly active accounts since the start of 2022, when parachains first launched. On top of that, the blockchain’s state in the DeFis pace was also not on par, as its TVL declined after registering a promising spike on the 6th of May.DOT investors were also not enjoying profits, as the token’s value dipped by more than 1% in the last seven days.
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