Polkadot hits 60M monthly transactions

Polkadot (CRYPTO:DOT) has set a new milestone with 60 million transactions recorded in a single month, signaling a surge in activity within its ecosystem.

According to Token Terminal, the “Polkadot Ecosystem is at all-time highs,” as both daily active addresses and transaction volumes have increased exponentially.

Polkadot’s price has surged more than 181% in the last month and climbed nearly 32% in the past seven days.

The breakthrough of the $10 resistance level has been critical for its recent upward momentum.

Crypto analyst Ali Martinez suggested that Polkadot could briefly retrace to $7.5 before potentially skyrocketing to $22, emphasising the asset’s significant growth potential.

The recent boom in cryptocurrency markets, spurred by Donald Trump’s 2024 presidential election victory and favorable regulatory outlooks, has benefited Polkadot.

Bitcoin’s (CRYPTO:DOT) rise to a record $100,000 has created a positive ripple effect across the broader crypto market, with Polkadot among the top beneficiaries.

The milestone of 60 million monthly transactions highlights the expanding utility and adoption of Polkadot’s network.

Analysts and investors alike see this as a sign of sustained growth, with the platform continuing to attract activity and developer interest.

Breaking psychological resistance levels, combined with ongoing ecosystem growth, could catalyze DOT’s next leg upward.

Polkadot’s ability to sustain its upward trajectory depends on market conditions, its ecosystem’s continued expansion, and its ability to retain investor confidence.

At the time of reporting, the Polkadot price was $10.70.