Tech

Is Polkadot Live the catalyst DOT needs for an uptrend?

10/02/2023
Bitcoin Ethereum News


  • Polkadot introduced Polkadot Live to enhance user experience.
  • Decline in developer activity and mixed sentiment challenged Polkadot’s growth.

Polkadot [DOT], once a prominent cryptocurrency, faced numerous challenges over the past few months. To improve user experience and tackle its challenges head on, Polkadot’s governance decided to introduce Polkadot Live.

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Polkadot Live aimed to address two key issues. First, it focused on delivering real-time notifications to users in a decentralized manner. Second, it allowed users to promptly respond to these notifications by submitting extrinsic actions directly from their desktops.

This proposal sought funding to hire full-time developers dedicated to improving and launching the Polkadot Live product.

The rationale behind this proposal was rooted in several problems that Polkadot Live sought to solve. One major issue was the lack of proactivity in web applications. Users often needed to manually visit URLs for Polkadot dApps, causing them to miss out on real-time chain activity alerts.

Furthermore, web notifications presented their own set of concerns. They were inconsistent among different browsers and were frequently used for spammy purposes.

These web notifications provided a subpar experience compared to native notifications, lacking support for extrinsic functionality.

For the Polkadot ecosystem to grow further, the impending issue of fragmentation among platforms and applications for different chains had to be resolved. Thus, Polkadot Live calls for aggregation tools to unify user accounts and activities while providing a seamless experience.

However, despite these efforts to enhance user experience and address issues, Polkadot faced challenges within its developer community.

Notably, Token Terminal’s data revealed a significant decline in both the number of core developers and code commits on the Polkadot network over the past month.

Source: Token Terminal

This decline in developer activity raised concerns about the project’s progress and innovation. A shrinking developer community could potentially slow down critical updates and improvements needed to keep Polkadot competitive and appealing.

Source: token terminal

DOT sees green

Shifting the focus to Polkadot’s price and market sentiment, the token experienced substantial growth in the past week. At the time of writing, it was trading at $4.182. Social volume around DOT surged significantly during this period, reflecting heightened interest and discussions.

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However, the weighted sentiment around the token fell. This decline in sentiment indicated a shift in the community’s perception of DOT.

While its price surged, the negative sentiment suggested potential doubts or concerns about the sustainability of this growth or the token’s future direction.

Source: Santiment

Source: https://ambcrypto.com/is-polkadot-live-the-catalyst-dot-needs-for-an-uptrend/