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Polkadot (DOT) has over 600,000 active addresses on-chain by the end of March

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Polkadot (DOT) has over 600,000 active addresses

Polkadot (DOT) has a substantial surge in active addresses, surpassing 600,000 active on-chain addresses by the end of March.

Out of all the addresses, a significant portion, specifically 41%, are linked to the Moonbeam cross-chain smart contract platform.

Additionally, 191,000 addresses were specifically created on the Polkadot platform. There has been an increase in the number of distinct accounts that have balances larger than zero, with a total of around 5.59 million accounts as of the end of March.

Nevertheless, the network’s transaction volume continues to be minimal, with a total monthly transaction volume of 11.58 million.

The DOT token of Polkadot has experienced a 4.68% surge in the past 24 hours and is presently being traded at $8.99.

However, it has declined by 83% from its peak value of $55 in November 2021. The Polkadot community developed its own memecoin, DED (DED), with the intention of taking advantage of the memecoin frenzy and enticing new users to the blockchain.

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