Polkadot

Polkadot is a Layer 1 blockchain network designed to let separate, independently built blockchains communicate and exchange value with one another without needing to trust a central intermediary. It addresses the problem of isolated blockchains that cannot natively interact, and it is aimed at developers building specialized chains as well as users who want those chains to work together. Polkadot calls its connected member chains 'parachains,' each of which can have its own rules while sharing the security of the central Polkadot relay chain.

Polkadot uses a Proof of Stake consensus mechanism in which DOT holders can nominate validators to secure the relay chain, and those validators pool their security across all connected parachains. DOT is the native token used for staking, governance over protocol changes, and bonding collateral required for a chain to claim a parachain slot. Blocks on the relay chain are produced extremely quickly, with the stored block time showing 0.0 minutes, reflecting near-instant finality at the relay chain level.

The data stored for Polkadot does not include a fee revenue stream, so fee-based measures such as price-to-fees or protocol revenue ratios are not available on this page. The fundamental basis recorded is the Polkadot Treasury, which is an on-chain fund that accumulates a portion of transaction fees and slashing penalties rather than distributing them directly to token holders. With a circulating supply of roughly 1.7 billion DOT against a maximum supply of 2.1 billion, approximately 80.95 percent of the maximum supply is already circulating at this point in time, and the remaining dilution overhang stands at just 0.000273 percent of circulating supply, meaning near-total issuance has already occurred.