cryptonews.net
According to data provided by Dot Insights, a project designed to track the progress of the Polkadot (DOT) and Kusama (KSM) ecosystems, Polkadot (DOT) is experiencing unprecedented on-chain activity despite falling markets. In November 2022, the number of new accounts skyrocketed by nearly 900%. The number of active accounts increased from 1100 to 4516, that is, more than 300%. Both surges can be explained by the outflow of liquidity from centralized exchanges.
In addition, the Web3 Foundation stated that Polkadot (DOT) has reached a significant milestone. DOT Polkadot becomes the world's first altcoin that is no longer a security, according to Daniel Schoenberger, W3F's chief legal officer. This breakthrough is the result of three years of consultations with the US Securities and Exchange Commission (SEC) working groups on digital assets and other regulators.
On September 27, 2022, Polkadot (DOT) also unveiled an updated roadmap aimed at making it easier to innovate across its infrastructure and "canary network," Kusama (KSM). On November 14, its main competitor Cosmos (ATOM) failed to accept its most important update in years, Cosmos 2.0. This upgrade would allow Cosmos Hub to manage a significant portion of ATOM funds.
Image: Finance Magnates