Polkadot futures market flippens Litecoin as its open interest hits $573M By Cointelegraph

Polkadot futures market flippens Litecoin as its open interest hits $573M

Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months.

The promise that interoperability between blockchains will be a viable solution to the high gas fees plaguing the crypto market has made Polkadot’s development of parachains attractive and the number of projects choosing to build on DOT continues to grow alongside it’s popularity as a staking platform.

DOT token price, USDT at Binance. Source: TradingView
DOT futures aggregate open interest. Source: Bybt.com
LTC, ADA, DOT 10-day average trading volume, USD. Source: TradingView
DOT daily active addresses. Source: polkadot.subscan.io
VORTECS™ score (green) vs. DOT price. Source: Cointelegraph Markets Pro