• DOT supply staked grew by 49% as Nomination pools welcomed more members.
• The block time on the network may soon decrease as a result of a new development.

According to Polkadot [DOT], the project’s performance in the third quarter (Q3) was something it was very pleased with. The report, which Polkadot published on 6 October, explained how there were some technical upgrades, newly deployed parachains, and growth in other areas.

Read Polkadot’s [DOT] Price Prediction 2023-2024

DOT staking grows, thanks to…

First off, Polkadot mentioned that Energy Web, Bit.Country, peaq, Nodle, and InvArch Network won the parachain slots in the quarter.

Previously called a parallelizable chain, a parachain helps to coordinate the Polkdaot and Kusama [KSM] networks. It also helps feed into the main blockchain called the Relay Chain.

Therefore, the increase in the number of Polkadot parachains means that there’s more room for harmonious functioning of the ecosystem.

As per its staking metrics, the web3 interoperability blockchain mentioned that DOT staked grew from 578 million to 663 million.

However, Polkadot noted that the growth would have been impossible if not for the input of the Nomination pools. By defi
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Author: Victor Olanrewaju

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