Polkadot Weekly Update: Major Milestones and Ecosystem Expansion

Last week, Polkadot experienced several significant developments. An important institutional purchase was made, with 922 DOT (approximately $3,700) entering the primary market. The launch of Polkadot 2.0 is imminent, accompanied by a community-driven global launch event that marks both celebration and transition towards new visions like Polkadot Cloud and Polkadot Hub. Additionally, proposals are underway to convert 500,000 DOT into tBTC, following a community vote, with on-chain proposals expected soon. Gavin Wood publicly clarified his stance against issuing a new token based on JAM, emphasizing that such actions do not bring tangible benefits to Polkadot. Parity’s technical VP highlighted interoperability possibilities, mentioning that Polkadot contracts support Solana deployments, provided there are enough supportive services. The Mimir multisig team successfully deployed a Safe custody system on PolkaVM, with migration activities of Uniswap V2 and seamless integration of tools like Remix and MetaMask nearing mainnet readiness. Efforts continue to expand asset management and investment products, with 21Shares advancing the registration process for a Polkadot-based spot ETF, with a decision expected by late June 2024. In-depth analyses from venture capital highlight Polkadot’s ecosystem strengths. Researchers have published a roadmap on post-quantum cryptography relevant to Polkadot and JAM. Community engagement remains high, with the Polkadot Ambassador Alliance launching a summer campaign targeting 1,000 pop-up events. The Polkadot App is set to launch in June, and a grant for GIGAHydration liquidity incentives has been approved, supporting the ecosystem over the next six months. Data shows significant DOT staking activity on Bifrost, with over 12 million DOT and more than 6,000 stakers, capturing 66% of the liquid staking market. Commercial adoption is advancing, marked by the launch of a Polkadot-backed debit card through Nova Wallet and partnerships like adidas Football teaming with FIFA Rivals on a Polkadot game chain. Notably, 265Dots was invited to ring the closing bell at Euronext Amsterdam, signaling mainstream recognition for Polkadot. For more updates, visit the provided links.