Polkadot price DOT

What is Polkadot?

Polkadot is a layer-0 network built to connect many blockchains into one secure, interoperable system. It was created by Gavin Wood, an Ethereum co-founder who designed the Solidity language and coined the term Web3, and is supported by the Web3 Foundation. Its token, DOT, is used for staking, governance and bonding new chains to the network.

At the centre sits the Relay Chain, which provides shared security, while specialised chains called parachains connect to it, each able to run its own rules. DOT became tradable in August 2020.

Following the live Polkadot price

On this page you will find the live Polkadot price in both US dollars and euros, with the context you need to read the market. The chart opens on the last 7 days by default, and you can switch to 24 hours, 7 days, 1 month, 3 months, 6 months or a full year. Pick a period with the buttons and the chart updates on the spot.

It is an easy way to set the short-term moves against the longer trend before you decide anything.

Market data at a glance

Beside the live rate, the page brings together:

• The intraday high and low.
• Market capitalisation in dollars (B for billion, M for million).
• Combined trading volume across the major exchanges.
• The amount of DOT in circulation.
• The all-time high, the date it was set and how far below it the price sits now.
• Where you can buy DOT.
• Links to the official website, whitepaper and social channels.

Convert DOT and see the real cost

The calculator turns any amount of DOT into dollars or euros instantly, and it works in reverse too. Alongside it sits an exchange fee calculator, so you can see what a trade really costs after fees and roughly how much DOT you would end up with, not just the headline rate.

Historical Polkadot data

Under historical data you can look back at past prices on any date, shown in dollars as the market standard, with the matching trading volume and market cap.

Polkadot’s price story

• August 2020: DOT begins trading at around 2.79 dollars.
• early 2021: a strong rally lifts it toward 40 dollars by February.
• November 2021: DOT reaches its all-time high near 55 dollars, around the launch of parachain auctions.
• 2022: it falls below 10 dollars in the bear market.
• 2023 to 2024: a long range, with a 2024 recovery as ETF optimism lifted the wider market.
• 2024: Gavin Wood unveils JAM, a planned upgrade to bring an Ethereum-like application layer to the network.

DOT’s biggest moves have closely tracked milestones in its multi-chain roadmap.

What moves the Polkadot price?

The value of DOT reflects supply and demand, with the health of its multi-chain ecosystem playing a large role. The main drivers:

Why the value climbs

• Growing demand to connect and secure chains through the network.
• A successful upgrade or new interoperability features.
• Rising staking participation locking up DOT.
• A strong crypto market and risk-on sentiment.

Why the value drops

• A slowdown in ecosystem and parachain activity.
• Competition from rival layer-1 and interoperability projects.
• Market-wide downturns or a global crisis.
• A buy the rumour, sell the news reaction once an upgrade ships.

These are not the only factors, but they cover most of the moves. For broader market context, follow our latest altcoin news and our Ethereum news.