PANews reported on February 8 that according to the Polkadot 2024 Q4 report released by Messari, Polkadot's Q4 monthly transaction volume reached 60 million, a year-on-year increase of 200%, mainly driven by Rollups such as Neuroweb and Frequency. Cross-chain interoperability has been improved, Snowbridge (Polkadot-Ethereum Bridge) TVL exceeds 70 million US dollars, and Hyperbridge supports multi-chain asset transfers such as Ethereum, Optimism, and Arbitrum.
The Kusama network stress test "The Spammening" reached 143,343 TPS, and it is expected to reach 623,000 TPS at full load, demonstrating high scalability. The market value of DOT increased by 71% to $1.64 billion, and transaction fees tripled. In terms of governance, OpenGov improved decentralization, and referendum activity increased significantly. Important proposals include expanding the number of validators to 500 and setting an annual inflation of 120 million DOT.
In terms of technological upgrades, Polkadot 2.0 is progressing smoothly. Elastic Scaling will be launched in Q1 2025. JAM technology development is advancing to support Ethereum-compatible smart contracts.
