Polkadot ecosystem in good health, but DOT’s state looks concerning, here’s why

Polkadot ecosystem in good health, but DOT’s state looks concerning, here’s why

February 27, 2023

By Suzuki Shillsalot

Polkadot’s number of stakers increase but its TVL declined.

In fact, Polkadot’s NFT ecosystem witnessed growth, however, trouble might be ahead for DOT.

Polkadot Insider revealed that the number of stakers in the Polkadot [DOT] ecosystem has been on a rise since the beginning of this year.

As per the tweet, Polkadot’s total staked tokens reached 613 million.

DeFiLlama’s data, on the other hand, told a different story- according to its chart, Polkadot’s Total Value Locked (TVL) registered a decline over the last few days in spite of an increase in the number of stakers.

Meanwhile, the network has been partnering and integrating with others to expand its capabilities. The latest one was the integration of DeFi with Moonbeam network.

Polkadot Insider mentioned that this cooperation will bring asset tracking, DeFi yield aggregation, and its security toolbox to network users.