Polkadot’s Q4 data shows growth in user activity, can DOT sustain this trend?

Polkadot’s address activity registers an uptick as market conditions improve. DOT demand hangs in the balance as the market seeks more directional clarity. Polkadot is off to a healthy start so far this year in terms of its operations, as is the case for most top blockchain networks. However, we cannot truly have a clear […]

It is easy to assume that Polkadot user activity may grow at a higher pace in Q1 2023, based on the data from the Messari report.

Nevertheless, a strong recovery in Q1 might also contribute to support stronger user activity and growth. This strong user growth reflects the robust spike in active social users in December. A precursor to the volume surge that manifested in early January. The amount of address activity and new address growth are correlated to DOT’s market performance to some extent.

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