Voyager Digital Ltd (VYGVQ)

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Polkadot (DOT) Rises to Top Ten Coin by Market Cap
This week, Voyager listed Polkadot (DOT), a newly launched project working to deliver the most robust platform for security, scalability, and innovation. The ambitious new token has quickly risen in value, taking the No. 6 spot on CoinGecko. In the past week, DOT's price spiked from $2.85 to a high of $6.63 Thursday. Today, DOT is trading around $5.85, a 98% increase over the last seven days.

Part of the reason Polkadot has taken off is that it offers a unique alternative to Ethereum, which has experienced network congestion and high fees in the wake of the recent DeFi boom. Polkadot is more scalable than Ethereum because it executes transactions using several parallel chains instead of standard blockchain nodes. Also, it's a cross-blockchain protocol that can transfer any kind of data between different blockchains.

On its website, Polkadot explains that this makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For example, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain.

In its short existence, Polkadot has gained popularity amongst developers, with nearly 200 projects already in its ecosystem.

Top Gainers:

Polkadot (DOT) +98%

Celo (CELO) +67%

Cosmos (ATOM) +18%

Compound (COMP) +6%

https://www.investvoyager.com/blog/polkadot-dot-takes-off/