Polkadot
DOT#46DOT is used to stake, vote and buy computing time on Polkadot, a network of connected blockchains.
- Market cap
- $1.96B
- Volume 24h
- $170.93M
- All-time high
- —
- Circulating supply
- 1.71B of 2.1B
Passes all 8 Shariah criteria.
- 8 pass
- 0 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Polkadot has open development, a new 2.1 billion supply cap and a US spot ETF, but its on-chain fees and DeFi activity are very small and its token rules keep changing by vote.
Reviewed every 3 months and on major eventsNews: Mixed
Governance activity centred on a proposal for a native dotUSD stablecoin seeded by the treasury.
Reviewed monthly and when something material happens- NeutralOpenGov referendum 1944 proposes dotUSD, a native over-collateralised stablecoin for PolkadotThe Root-track referendum would have the treasury seed $2.5M in USDT and $2.5M in DOT; phase 1 is backed by existing stablecoins, phase 2 by DOT vaults. It was still in the deciding stage in late September, so the outcome is open.
- PositiveReferendum 1910 executed: slashing removed for nominators and unbonding cut from 28 days to about twoWith validators now required to hold their own minimum stake and bear slashing themselves, ordinary DOT stakers no longer risk losing funds for validator faults and can exit far faster. This makes staking DOT simpler and less risky for holders.
- PositiveFirst DOT issuance step-down takes effect, cutting new emissions by about halfUnder the 2.1 billion cap adopted in 2025, issuance now falls every two years by 13.14% of the remaining gap to the cap. The first step replaced the former fixed 120 million DOT a year and sharply lowered inflation.
- Positive21Shares launches the first US spot Polkadot ETF on NasdaqThe fund, trading as TDOT with a 0.30% fee, was seeded with $11 million. It gives US investors exchange-traded exposure to DOT, although assets in the fund have stayed small.
- PositivePolkadot moves balances, staking and governance from the relay chain to Asset HubThe migration needed no action from users and cut the minimum account balance from 1 DOT to 0.01 DOT. It turned Asset Hub into the main place where DOT is held and used, and freed the relay chain for its core role of securing parachains.
- PositivePolkadot governance caps total DOT supply at 2.1 billionReferendum 1710 passed with about 81% in favour and replaced open-ended issuance with a hard cap and a stepped schedule. It was the largest change to DOT's monetary policy since launch.
Price & market
DOT trades around $1.16, inside its current zone of $1.14–1.19, after a strong monthly rise and a drop over the past day. The price is back above both the 50-day and 200-day averages and still low in its yearly range, and the fundamentals are supported by open development and a capped supply. In the near term the upside to $1.25 (+7.3%) is slightly smaller than the downside to $1.07 (−8.1%), so the risk/reward is low. Volatility is high and network fees remain very small. The long-term picture is attractive, while the next 2–12 weeks call for caution.
- Review level
- $1.07
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 5 days to go.
Where it trades
Section in preparation
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