Dotcom

Polkadot's DOT token trades around $0.82, down roughly 98% from its all-time high, while DeFi TVL across the ecosystem has collapsed. Here is what is driving the decline.

Polkadot recorded just 4 DeFi app-level transactions on August 3, according to DefiLlama, yet $DOT has still gained nearly 10% over the past week.

Polkadot has activated Referenda 1909 and 1910, overhauling its staking system with a 10,000 DOT validator self-stake requirement, 0% commission, nominator slashing removal, and a 28-day to 48-hour...