DOT
Polkadot
DOT

Polkadot price

in USD
$3.830
-$0.176 (-4.40%)
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Market cap
$5.82B
Circulating supply
1.52B / 1.52B
All-time high
$55.09
24h volume
$365.03M
3.4 / 5
DOTDOT
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About Polkadot

DOT, the cryptocurrency of the Polkadot ecosystem, is designed to enable a seamless and interconnected blockchain network. Polkadot's core purpose is to facilitate interoperability, allowing different blockchains to communicate and share data securely. Within this ecosystem, DOT plays several vital roles: it secures the network through staking, is used in governance to vote on protocol upgrades, and serves as a mechanism for bonding new parachains (specialized blockchains) to the Polkadot Relay Chain. With ultra-low transaction fees, fast finality, and a scalable, multi-chain architecture, DOT empowers developers to build innovative decentralized applications while ensuring a user-friendly experience. Whether you're exploring DeFi, gaming, or cross-chain solutions, DOT is the key to unlocking Polkadot's full potential.
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Last audit: Jun 1, 2020, (UTC+8)

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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Polkadot’s price performance

Past year
-18.52%
$4.70
3 months
+14.12%
$3.36
30 days
+0.39%
$3.82
7 days
-15.79%
$4.55

Polkadot on socials

VirtualBacon
VirtualBacon
The SEC has 92 crypto ETF filings pending. Final deadlines start in October with $SOL, $XRP & $DOGE, followed by $DOT, $AVAX & $LINK. Expect rolling ETF headlines each month but don’t chase coin by coin. Institutions are adopting them all, this is just the new phase of the market.
10.76K
86
Goomba
Goomba
Last time $BTC dominance broke the monthly uptrend and moved below the ribbon was summer 2020 Cast your mind back: DeFi summer with YAM, AAVE, YFI and SUSHI Uniswap getting traction The Link army rising Dot showing that L1 can get hype ETH network congestion and high gas It was glorious
Gallery 1
7.99K
34
Strong Holder
Strong Holder
ACURAST DePIN but useful: phones do compute, chains get results, users get ownership. AI needs supply — not slogans. @Acurast @Polkadot @0xPolygon @Avax @kusamanetwork #Acurast #DePIN #Compute #AI #Infra
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Polkadot FAQ

Polkadot was launched with an initial supply of 10 million. However, after the redenomination, the token balance increased by 100, turning the initial supply to 1 billion. That said, as an inflationary token, the supply of Polkadot is not capped. As of September 2022, over 1.2 billion DOT tokens were in circulation.

Easily buy DOT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOT/USDT, DOT/USDC and DOT/BTC.

You can also buy DOT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for DOT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

OKX offers multiple ways to seek support. Our self-service support center addresses commonly asked questions about buying, selling, and trading digital assets. We also have a thriving global community, which can be reached through various channels, including Telegram, Reddit, Facebook, Line, Weibo and Twitter.

Currently, one Polkadot is worth $3.830. For answers and insight into Polkadot's price action, you're in the right place. Explore the latest Polkadot charts and trade responsibly with OKX.
Cryptocurrencies, such as Polkadot, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polkadot have been created as well.
Check out our Polkadot price prediction page to forecast future prices and determine your price targets.

Dive deeper into Polkadot

Often referred to as the "Blockchain of Blockchains," Polkadot is a next-gen Layer 0 meta protocol and an open-source blockchain launched in May 2020 to realize the broader vision of a secure, resilient, and fair Web3.

Polkadot unites a network of native purpose-built Layer 1 blockchains called parachains and multiple external blockchains (connected to it using innovative bridging technology), allowing them to operate at scale alongside each other seamlessly.

The parachains and external blockchains can freely interact with each other, making them interoperable. This is a significant shift from the siloed design of conventional blockchains like Ethereum and Bitcoin. Parachains can process transactions simultaneously, reducing the burden on the main chain and offering ease of scalability. They also allow developers to customize their blockchains, allowing them to optimize parachains for specific use cases with their native tokens.

The Relay Chain is Polkadot's central chain, created using the Substrate framework. The Relay Chain is responsible for maintaining Polkadot's shared security, cross-chain interoperability, and consensus mechanism. It has been designed to handle minimum functions, including the network's governance and nominated Proof of Stake (NPoS). All validators are staked on the Relay Chain and confirm transactions from the connected parachains.

The Polkadot ecosystem also has parathreads, which are parachains based on a pay-as-you-go model, making them more affordable. The parachains and parathreads can connect and communicate with external blockchains like Bitcoin or Ethereum through bridges.

The network is secured using the NPoS consensus mechanism. Users can choose to participate in the consensus system as nominators or validators. Nominators can select trustworthy validators to update the network while validators verify transactions. Both nominators and validators stake DOT and receive rewards in return.

DOT use cases

DOT serves multiple purposes within the larger Polkadot ecosystem. It is the currency used to pay transaction fees when sending data or tokens across chains. It also serves as a governance token that users can stake to vote on the future of Polkadot.

DOT tokens also serve as the currency to incentivize users to maintain the system's security. Users can stake DOT to participate in the network's consensus mechanism. DOT is also used for bonding, a type of Proof of Stake. By bonding tokens, developers can create new parachains, while removing bonded assets will delete outdated parachains.

DOT tokenomics and distribution

DOT is an inflationary token, implying it doesn't have a hard cap or maximum supply. It has an approximate inflation rate of 10 percent, with new tokens generated for incentivizing validators. One can transfer DOT in fractions, with the smallest unit being 0.0000000001 DOT, called a Planck.

10 million DOT tokens were generated during its first Initial Coin Offering (ICO) held in October 2017. The tokens were distributed in the following manner:

  • 50 percent: ICO buyers
  • 30 percent: Web3 Foundation for Polkadot development and other Foundation activities
  • 11.6 percent: Web3 Foundation for future fundraising initiatives
  • 5 percent: Private sale round held in 2019
  • 3.4 percent: Token sale held in 2020

A DOT redenomination took place on August 21, 2020, after a network-wide referendum. As a result, the DOT balance for all existing holders was automatically increased by a factor of 100. The original 10 million DOT supply changed to 1 billion after the redenomination, and the market value of each DOT token decreased by a factor of 100. This event is popularly referred to as "Denomination Day."

About the founders

Polkadot is the flagship project of the Web3 Foundation, which was formed by Gavin Wood, Peter Czaban, and Robert Habermeier in 2017. Web3 Foundation is a Swiss-based non-profit foundation established to support Polkadot's research, development, and fundraising efforts.

A well-known name in the crypto and blockchain world, Wood is one of the pioneers of blockchain technology. He is the co-founder and former CTO of Ethereum and the founder of Parity Technologies. In addition, Wood coined the term Web3 back in 2014.

Wood also invented Whisper, a P2P communication protocol, Proof of Authority consensus, and the Solidity programming language. He currently heads the innovation initiatives on Polkadot and Substrate.

Czaban holds a master's of engineering from the University of Oxford and co-founded Web3 Foundation and Polkadot with Wood. Serving as Web3 Foundation's Technology Director, Czaban supports the creation of next-generation distributed technologies.

Habermeier is a Thiel Fellow with extensive research and development experience in cryptography, distributed systems, and blockchain tech. As a longtime Rust Community member, Habermeier is also widely known for using Rust to develop high-performance and parallel solutions.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Polkadot DOT
Consensus Mechanism
Polkadot DOT is present on the following networks: Astar, Polkadot. Astar uses a hybrid consensus mechanism that combines Proof of Stake (PoS) and Delegated Proof of Stake (DPoS), with the added feature of Sharded Multichain capabilities. The primary goal is to provide a scalable, interoperable, and decentralized platform for building decentralized applications (dApps), which can run on multiple blockchains in parallel. Key Features of Astar's Consensus Mechanism: 1. Proof of Stake (PoS): In Astar, validators participate by staking ASTR tokens, the native currency of the network. The more tokens staked, the higher the chances of being selected as a validator. Validators are responsible for validating transactions and securing the network. Validators receive block rewards for their efforts, which are paid in ASTR tokens. 2. Delegated Proof of Stake (DPoS): Astar incorporates DPoS to allow ASTR token holders to vote for validators. Token holders delegate their voting power to trusted validators, who then produce blocks and validate transactions. This ensures greater decentralization by allowing the community to have a direct say in who validates the network. Delegators receive a share of the block rewards earned by their selected validators. 3. Sharded Multichain: Astar’s consensus mechanism allows for multichain execution via Parachains in the Polkadot ecosystem, enabling Astar to process multiple parallel chains and increase scalability. This sharding mechanism ensures that Astar can scale effectively, maintaining high throughput while decentralizing the network. 4. Finality: Astar leverages Polkadot's GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement) finality gadget for fast and deterministic finality. Once a block is finalized, it is irreversible, ensuring the integrity and security of transactions. Polkadot, a heterogeneous multi-chain framework designed to enable different blockchains to interoperate, uses a sophisticated consensus mechanism known as Nominated Proof-of-Stake (NPoS). This mechanism combines elements of Proof-of-Stake (PoS) and a layered consensus model involving multiple roles and stages. Core Components 1. Validators: Validators are responsible for producing new blocks and finalizing the relay chain, Polkadot's main chain. They stake DOT tokens and validate transactions, ensuring the security and integrity of the network. 2. Nominators: Nominators delegate their stake to trusted validators, choosing which validators they believe will act honestly and effectively. They share in the rewards and penalties of the validators they nominate. 3. Collators: Collators maintain parachains (individual blockchains that connect to the Polkadot relay chain) by collecting transactions from users and producing state transition proofs for validators. 4. Fishermen: Fishermen monitor the network for malicious activity. They report bad behavior to the validators to help maintain network security. Consensus Process Polkadot's consensus mechanism operates through a combination of two key protocols: GRANDPA (GHOST-based Recursive Ancestor Deriving Prefix Agreement) and BABE (Blind Assignment for Blockchain Extension). 1. BABE (Block Production): BABE is the block production mechanism. It operates similarly to a lottery, where validators are pseudo-randomly assigned slots to produce blocks based on their stake. Each validator signs the blocks they produce, which are then propagated through the network. 2. GRANDPA (Finality): GRANDPA is the finality gadget that provides a higher level of security by finalizing blocks after they are produced. Unlike traditional blockchains where blocks are considered final after a number of confirmations, GRANDPA allows for asynchronous finality. Validators vote on chains, and once a supermajority agrees, the chain is finalized instantly. Detailed Steps 1. Block Production (BABE): Slot Allocation: Validators are selected to produce blocks in specific time slots. Block Proposal: The selected validator for a slot proposes a block, including new transactions and state changes. 2. Block Propagation and Preliminary Consensus: Proposed blocks are propagated across the network, where other validators verify the correctness of the transactions and state transitions. 3. Finalization (GRANDPA): Voting on Blocks: Validators vote on the chains they believe to be the correct history. Supermajority Agreement: Once more than two-thirds of validators agree on a block, it is finalized. Instant Finality: This finality process ensures that once a block is finalized, it is irreversible and becomes part of the canonical chain. 4. Rewards and Penalties: Validators and nominators earn rewards for participating in the consensus process and maintaining network security. Misbehavior, such as producing invalid blocks or being offline, results in penalties, including slashing of staked tokens.
Incentive Mechanisms and Applicable Fees
Polkadot DOT is present on the following networks: Astar, Polkadot. Astar incentivizes network participation through block rewards, transaction fees, and staking rewards while encouraging governance via delegated voting. Incentive Mechanism: 1. Staking Rewards: Validators earn ASTR tokens for validating transactions and securing the network. The more tokens staked, the higher the chances of validating blocks. 2. Delegated Proof of Stake (DPoS): ASTR token holders can delegate their tokens to validators, sharing in the rewards based on the performance of their chosen validators. 3. Cross-Chain dApp Rewards: Developers deploying dApps on Astar earn rewards for using the network’s multichain capabilities. 4. Governance Participation: ASTR token holders participate in on-chain governance to vote on proposals and protocol changes. Applicable Fees: 1. Transaction Fees: Users pay fees in ASTR tokens for transactions. These are collected by validators who process the transactions. 2. dApp Execution Fees: Developers pay for smart contract execution based on resource demands. 3. Cross-Chain Fees: Additional fees apply for asset transfers and interactions between different blockchain networks. 4. Parachain Slot Fees: Astar incurs fees for its parachain slot on the Polkadot network to ensure interoperability. Polkadot uses a consensus mechanism called Nominated Proof-of-Stake (NPoS), which involves a combination of validators, nominators, and a unique layered consensus process to secure the network: Incentive Mechanisms 1. Validators: Staking Rewards: Validators are responsible for producing new blocks and finalizing the relay chain. They are incentivized with staking rewards, which are distributed in proportion to their stake and their performance in the consensus process. Validators earn these rewards for maintaining uptime and correctly validating transactions. Commission: Validators can set a commission rate that they charge on the rewards earned by their nominators. This incentivizes them to perform well to attract more nominators. 2. Nominators: Delegation: Nominators stake their tokens by delegating them to trusted validators. They share in the rewards earned by the validators they support. This mechanism incentivizes nominators to carefully choose reliable validators. Rewards Distribution: The rewards are distributed among validators and their nominators based on the amount of stake contributed by each party. This ensures that both parties are incentivized to maintain the network’s security. 3. Collators: Parachain Maintenance: Collators maintain parachains by collecting transactions and producing state transition proofs for validators. They are incentivized through rewards for their role in keeping the parachain operational and secure. 4. Fishermen: Monitoring: Fishermen are responsible for monitoring the network for malicious activities. They are rewarded for identifying and reporting malicious behavior, which helps maintain the network’s security. 5. Economic Penalties: Slashing: Validators and nominators face penalties in the form of slashing if they engage in malicious activities such as double-signing or being offline for extended periods. Slashing results in the loss of a portion of their staked tokens, which serves as a strong deterrent against bad behavior. Unbonding Period: To withdraw staked tokens, participants must go through an unbonding period during which their tokens are still at risk of being slashed. This ensures continued network security even when validators or nominators decide to exit. Fees on the Polkadot Blockchain 1. Transaction Fees: Dynamic Fees: Transaction fees on Polkadot are dynamic, adjusting based on network demand and the complexity of the transaction. This model ensures that fees remain fair and proportional to the network’s usage. Fee Burn: A portion of the transaction fees is burned (permanently removed from circulation), which helps to control inflation and can potentially increase the value of the remaining tokens. 2. Smart Contract Fees: Execution Costs: Fees for deploying and interacting with smart contracts on Polkadot are based on the computational resources required. This encourages efficient use of network resources. 3. Parachain Slot Auction Fees: Bidding for Slots: Projects that want to secure a parachain slot must participate in a slot auction. They bid DOT tokens, and the highest bidders win the right to operate a parachain for a specified period. This process ensures that only serious projects with significant backing can secure parachain slots, contributing to the network's overall quality and security.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
630720.00000 (kWh/a)
Renewable energy consumption
33.172732643 (%)
Energy intensity
0.00030 (kWh)
Key energy sources and methodologies
To determine the proportion of renewable energy usage, the locations of the nodes are to be determined using public information sites, open-source crawlers and crawlers developed in-house. If no information is available on the geographic distribution of the nodes, reference networks are used which are comparable in terms of their incentivization structure and consensus mechanism. This geo-information is merged with public information from Our World in Data, see citation. The intensity is calculated as the marginal energy cost wrt. one more transaction. Ember (2025); Energy Institute - Statistical Review of World Energy (2024) - with major processing by Our World in Data. “Share of electricity generated by renewables - Ember and Energy Institute” [dataset]. Ember, “Yearly Electricity Data Europe”; Ember, “Yearly Electricity Data”; Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved from https://ourworldindata.org/grapher/share-electricity-renewables.
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: For the calculation of energy consumptions, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts. To determine the energy consumption of a token, the energy consumption of the network(s) astar is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Emissions report
Scope 1 DLT GHG emissions – Controlled
0.00000 (tCO2e/a)
Scope 2 DLT GHG emissions - Purchased
186.14368 (tCO2e/a)
GHG intensity
0.00009 (kgCO2e)
Key GHG sources and methodologies
To determine the GHG Emissions, the locations of the nodes are to be determined using public information sites, open-source crawlers and crawlers developed in-house. If no information is available on the geographic distribution of the nodes, reference networks are used which are comparable in terms of their incentivization structure and consensus mechanism. This geo-information is merged with public information from Our World in Data, see citation. The intensity is calculated as the marginal emission wrt. one more transaction. Ember (2025); Energy Institute - Statistical Review of World Energy (2024) - with major processing by Our World in Data. “Carbon intensity of electricity generation - Ember and Energy Institute” [dataset]. Ember, “Yearly Electricity Data Europe”; Ember, “Yearly Electricity Data”; Energy Institute, “Statistical Review of World Energy” [original data]. Retrieved from https://ourworldindata.org/grapher/carbon-intensity-electricity Licenced under CC BY 4.0.
Market cap
$5.82B
Circulating supply
1.52B / 1.52B
All-time high
$55.09
24h volume
$365.03M
3.4 / 5
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