Messari released Polkadot’s Q4 status report in 2023. Parachain monthly active addresses increased by 93% month-on-month, from 104,000 to 200,000.
XCM transfer volume increased 150% month-on-month to an all-time high of 133,000 transactions. The total number of active XCM channels reached 203 at the end of the year, tripling compared to 2023.
As of December 2023, Polkadot has 800 full-time developers and a total developer headcount of 2,100. According to data from Electric Capital, Polkadot is among the top three crypto ecosystems by number of developers.
DOT’s circulating market capitalization increased 111% month-on-month to $8.38 billion. The growth in Q4 propelled DOT to a 94% year-over-year growth, placing it among the top 15 cryptocurrency projects by market capitalization.