- Community voting replaces council decisions. Asynchronous Backing cuts block times, boosting parachain speed 50%.
- RWA traction grows: Centrifuge/Energy Web launch tokenized assets. Institutions seek regulated on-chain environments via parachains.
Polkadot (DOT) is trading at $4.18 USD, reflecting a +4.25% increase over the past 24 hours. It has a market capitalization of approximately $6.69 billion, placing it at #22 globally by market rank.
The 24-hour trading volume stands at $339.92 million, marking a robust 51.12% increase, which suggests elevated market activity. The circulating supply is 1.59 billion DOT, with no maximum cap defined. The fully diluted valuation (FDV) matches the current market cap at $6.69 billion, given that all tokens are already circulating.
Recent Polkadot Developments (as of July 19, 2025)
New Governance Model Active (OpenGov)
Polkadot’s OpenGov upgrade is fully live, allowing token-weighted referenda to be proposed and voted on continuously. This shifts decision-making from council-driven processes to a fully decentralized community vote.
Asynchronous Backing Goes Live
The long-awaited Asynchronous Backing feature has launched, significantly reducing block times for parachains. This enhances the block production rate by over 50%, improving app responsiveness across the entire Polkadot network.
Coretime Launches for On-Demand Parachain Leasing
DOT holders and projects can now lease parachain slots via the Coretime marketplace, replacing the fixed auction system. This improves capital efficiency and makes parachain onboarding more flexible.
Polkadot-to-Ethereum Bridge Enters Final Testnet Stage
The Snowbridge, Polkadot’s Ethereum-compatible bridge, is in its final testnet phase. Once deployed, this will enable direct DOT-to-ETH asset transfers and cross-chain contract interactions.
Growing RWA and Enterprise Interest
Several parachains, including Centrifuge and Energy Web, are launching tokenized real-world asset (RWA) protocols, gaining traction among fintech institutions seeking regulated on-chain environments.
DOT is experiencing renewed short-term bullish sentiment. After bouncing from its support zone around $4.00, the price has advanced to test the $4.20 resistance. A confirmed breakout above this level could trigger further upside toward $4.35, while downside support remains near $3.95.
From a market perspective, the rising volume and reclaim of key levels around $4.20 could point to a short-term continuation toward $4.35–$4.50, particularly if the Snowbridge and Coretime protocols deliver as scheduled.
