DeFi on Polkadot: An alt chain with interoperability on the horizon
Cointelegraph
Published Nov 04, 2020 09:34AM ET
Updated Nov 05, 2020 11:40AM ET
The Polkadot blockchain platform only launched its mainnet in May, but it is already pushing to become a major competitive force in the sector. In late August, following a DOT token redenomination, Polkadot smashed into the top 10 cryptocurrencies, overtaking established altcoins such as EOS, Litecoin (LTC) and others.
Kelvin Koh from Asian crypto fund Spartan Black previously said that Polkadot could rank in the top three blockchains. Elsewhere, Dan Morehead from Pantera Capital Management also recently shared his sentiments with Bloomberg, highlighting that although Polkadot is currently trading at around 10% of Ethereum’s value, his firm believes it has a “much higher than 10% chance of being a competitor to Ethereum.”
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Written By: Cointelegraph
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