Many say @Polkadot is dead.
I disagree.
Proof attached.
Polkadot ecosystem is clearly heating up:
- @hydration_net (DeFi appchain) taking off with >$290m in TVL
- @EnterTheMythos (gaming chain) wallets skyrocketing with @FIFARivals (Pudgy Party is up next)
- 2M user & 3M machine accounts on @peaq (DePIN)
- Smart contracts mainnet (RISC-V based PolkaVM) expected in October
@Uniswap will launch on said PolkaVM (PVM), which has an EVM compatibility layer to enable simple migration of Solidity apps
- PVM already deployed on Kusama innovation network
- $DOT as a gas token will improve token utility (ongoing)
- Polkadot-native rollups (via @PolkadotDeploy), which are also supported by @alt_layer's RaaS framework
- Unified addresses format to improve UX (some chains and wallets already implemented)
- Elastic scaling coming to Polkadot later this year (which will for example allow @peaq to scale up to 100k TPS)
- 500ms blocks (BASTI blocks) PoC ahead, could go live in 2026
- JAM will turn Polkadot into a trustless supercomputer (basis of a "Web3 cloud").
- JAM CoreChains are coming (currently in private testnet) and official JAM Testnet expected in 2026
- $DOT ETFs (Grayscale & 21Shares) decision in Nov 2025, which could drive demand from investors & institutionals (especially if "Web3 Cloud" narrative hits)
Are you watching anon?
Also check out @hydration_net
DeFi Summer is hitting @Polkadot and @hydration_net is leading it.
Hydration combines swaps (286 tradeable assets), lending, a decentralized stablecoin & more under the roof of one scalable, Polkadot-based appchain, and has surpassed $291M in TVL, driven by:
- >$133m in supply assets on its lending market
- >$87M assets deposited in Stablepool deposits
- >$66M deposited in Omnipool
- >$30M in protocol treasury
- >$20M in staked assets
Activity metrics are also improving with:
- $344M in trading volume in past 30d
- $182M in cross-chain volume in past 30d
- Almost $10M in volume in the past 24h
- >$37M in outstanding loans
- >42k active accounts
Some interesting features of Hydration's DeFi hub are:
- Pay gas in any supported asset
- Multi-million DOT liquidity incentives live
- Simple UX that allows for simple trade splitting
- Automation features for trading
- Allows for single-sided LPing
- Built-in OTC desk: place order & let others fill
- Supports LBPs for token launches
- GIGADOT and GIGAETH for yield maximization
- HOLLAR: over-collateralized stablecoin (coming soon)
- Protocol owned liquidity (treasury)
- In-app cross-chain functionality
- Onchain governance mechanism
- +++
Highly recommended to check out if you're looking to get into Polkadot. Plays a very crucial role as the central liquidity hub in this multi-chain ecosystem.
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