Polkadot's Q4 2024 Performance Shows Significant Growth

According to PANews, a report by Messari highlights that Polkadot's transaction volume reached 60 million in the fourth quarter of 2024, marking a 200% year-on-year increase. This surge was primarily driven by rollups such as Neuroweb and Frequency. The report also notes enhanced cross-chain interoperability, with the Snowbridge (Polkadot-Ethereum bridge) achieving a total value locked (TVL) exceeding $70 million. Hyperbridge further supports the transfer of multi-chain assets across Ethereum, Optimism, and Arbitrum. In a stress test named 'The Spammening' on the Kusama network, a throughput of 143,343 transactions per second (TPS) was achieved, with projections indicating a full capacity of up to 623,000 TPS, demonstrating high scalability. The market capitalization of DOT increased by 71% to $1.64 billion, and transaction fees tripled. On the governance front, OpenGov has enhanced decentralization, leading to a significant rise in referendum activity. Key proposals include expanding the number of validators to 500 and setting an annual inflation rate of 120 million DOT. Regarding technological advancements, Polkadot 2.0 is progressing well, with the introduction of Elastic Scaling expected in the first quarter of 2025. Additionally, the development of JAM technology is advancing, which will support Ethereum-compatible smart contracts.