Polkadot (DOT) has become one of the best blockchain networks in the last year due to its focus on facilitating communication between individual networks, especially Ethereum (ETH).
As a result of Polkadot’s pressure on the front line, projects that have embraced the concept of interaction and joined the Polkadot ecosystem have seen price increases in recent months.
Clean (REN), Ocean Protocol (OCEAN) and Celer Network (CELR) are three of these projects that have paved the way for facilitating interconnection between networks, resulting in a significant increase in the number of active token holders and the appeal of each audio project.
REN / USDT
Ren is an open blockchain protocol specifically designed to provide interoperability and liquidity between a large number of separate blockchains, including Ethereum, Bitcoin (BTC) and Polkadot.
The partnership with the Polkadot network began in July 2020 when Ren’s partnership with the Acala Network (ACA) was announced to help bring Bitcoin into the DOT ecosystem.
At the time of the announcement, the average REN price was $ 0.15 and has risen to $ 1.80 since February 20, when further integrations with other blockchains such as Dogecoin and Digibyte helped raise the REN price.
Sea / USDT
Ocean Protocol is a blockchain-based ecosystem that helps users unlock the value and revenue generation of data by generating data codes that span datasets and allow third parties to perform transactions using the data securely.
This allows publishers to monetize their data while maintaining privacy and control. The Internet also provides consumers with an easier way to access previously unavailable data.
Discussions on building an ocean on top of Polkadot began in July 2020, with the first confirmed integration on January 25, 2021, when Ocean announced its partnership with the Polkadot-based Moonbeam Network (GLMR) to allow users of the Polkadot ecosystem to post . and share data. And buy them.
Over the following months, new partnerships and cross-chain announcements were announced, and OCEAN continued to increase by 250% on March 7 to a new full-time $ 1.69.
CELR / USDT
Celer Network is a Layer 2 expansion platform designed to “offer interactive, secure and affordable applications for the entire blockchain”, according to the project’s website. The platform’s goal is to enable users to build, operate and use scalable DApps “through innovation in off-chain expansion technology and incentive-driven crypto-economy.”
CELR’s integration with the Polkadot ecosystem was announced on 19 January when the project released a public channel support model that supports the Tier 2 scale and instant payment on Polkadot.
Since then, CELR has risen 240% from its lowest value of $ 0.019 on January 19 to a record high of $ 0.067 on March 15, as Layer 2 solutions continue to gain traction, offering alternatives to higher transaction costs on Ethereum.
As the cryptocurrency market continues to evolve and the Ethereum network struggles with congestion and high fees, Polkadot-related projects offering cross-venture solutions in decentralized finance and NFT are well positioned for broader adoption and higher calculations.