Polkadot
#45
DOT
$0,883
+1.40% (24h)
Market Cap
$1,49B
Volume 24d
$58,45M
Updated at
21:04 UTC
Price Chart
| Date | Price (USD) |
|---|
What is Polkadot?
Polkadot (DOT) is the native token of the Polkadot network, a protocol designed to enable interoperability between different blockchains. Launched in 2020, the project was co-founded by Gavin Wood, Robert Habermeier, and Peter Czaban. The network operates using a Nominated Proof-of-Stake (NPoS) consensus mechanism, which allows token holders to participate in securing the network. Its primary function is to facilitate cross-chain communication and data transfer in a decentralized manner. Polkadot is categorized as a layer-0 protocol because it provides a foundational infrastructure upon which other blockchains, known as parachains, can be built and connected, creating a multi-chain ecosystem.
How does Polkadot work?
Polkadot operates on a Nominated Proof-of-Stake (NPoS) consensus mechanism to secure its network and validate transactions. This system requires participants, known as nominators, to select and stake their DOT tokens behind trustworthy validators. These validators are then responsible for producing new blocks on the network's core chain, called the Relay Chain.
The network's security and operation depend on two key roles: validators and nominators. Validators maintain the network by running nodes, validating parachain blocks, and participating in consensus with other validators. Nominators contribute to security by delegating their staked DOT to chosen validators, signaling their trust in those participants.
Transactions are processed through a unique multi-chain architecture. The central Relay Chain provides shared security and finalizes transactions for all connected blockchains, which are called parachains. This design allows parachains to process transactions in parallel, which facilitates communication and data transfer between them through the Relay Chain.
Polkadot use cases
The DOT token serves several integral functions within the Polkadot ecosystem, primarily centered around network operation and participation. Its design enables token holders to actively engage with the protocol's security, governance, and multi-chain architecture.
- Staking: DOT is used for staking within the Nominated Proof-of-Stake model, allowing holders to help secure the network and validate transactions.
- Governance: Token holders can participate in on-chain governance by voting on proposals for network upgrades, protocol changes, and treasury spending.
- Cross-chain interoperability: DOT is used for bonding to secure a slot for a parachain on the network, enabling blockchains to connect to Polkadot.
Polkadot tokenomics
The tokenomics of Polkadot (DOT) are designed to support the network's security and operational needs. The circulating supply is 1692442081.29883 DOT, while the protocol includes a maximum supply figure of 2100000000 tokens. Polkadot's supply is not fixed; it is inflationary by design to incentivize participation in its Nominated Proof-of-Stake (NPoS) consensus mechanism. New DOT tokens are continuously minted and distributed as rewards to validators and nominators who stake their tokens to secure the network. This reward system is a core component of the network's economic model, encouraging token holders to actively contribute to its stability and security.
Polkadot price history & milestones
Polkadot (DOT) was launched in 2020, introducing its multi-chain protocol to the market. The token's value has experienced significant fluctuations since its inception, a common trait in digital asset markets. According to historical data, the all-time high price for DOT was $55, which was recorded on November 4, 2021. Conversely, the token's all-time low was registered at a price of $0.799508995919921 on June 28, 2026. These price points represent the historical extremes of the token's valuation. Based on market capitalization, Polkadot holds a rank of 45 among other digital assets, reflecting its position within the broader cryptocurrency landscape.
Related tokens
Frequently asked questions
-
What is the current price of Polkadot?
As of 21:04 2026-07-11, Polkadot (DOT) is trading at $0,883. Prices update every 5 minutes on this page. -
Is Polkadot a good cryptocurrency to buy on Switchere?
Switchere does not provide investment advice. You can buy Polkadot on Switchere; whether it's right for you depends on your own research and risk tolerance. -
Who are the founders of Polkadot?
Polkadot was co-founded by Gavin Wood, Robert Habermeier, and Peter Czaban. Gavin Wood is also known for his role as a co-founder of Ethereum and for creating the Solidity programming language. The project was developed under the Web3 Foundation, a Swiss foundation established to facilitate a functional and user-friendly decentralized web. -
What is Polkadot's all-time high price?
The all-time high price for Polkadot (DOT) was $55. This price was reached on November 4, 2021. This figure represents the peak market value that the DOT token has achieved since its launch. Market conditions and other factors contribute to the price movements of digital assets, including their historical highs and lows. -
Where can I buy Polkadot?
You can buy Polkadot on Switchere using a wide range of payment methods including credit cards, debit cards, Apple Pay, Google Pay, SEPA bank transfers, and supported digital wallets. The process typically completes within a few minutes after identity verification. -
Can I buy Polkadot with a credit card?
Yes. Switchere supports Polkadot purchases with Visa and Mastercard credit and debit cards. Card payments are protected by 3D Secure authentication and typically settle to your Switchere wallet within a few minutes of approval.
Could not find the answer to your question? Describe your issue in
Buy on the go
Anywhere. Anytime.
Buy crypto with your credit card from anywhere. Live rates, transparent fees, and 3D Secure on every order - the full Switchere card-buy experience in your pocket.
Scan to download the app iOS and Android
