Polkadot’s Network Usage Remained Consistent in Q2 Despite Market Downturn

Blockchain analytics platform Messari has published a detailed report on Polkadot’s performance in Q2, 2022, analyzing different aspects of the protocol, including market valuation, network usage, developer activity, parachains, and ecosystem challenges. The paper, dubbed the “State of Polkadot,” revealed that the blockchain project’s native crypto asset shredded about 66% of its market cap in three months.Polkadot closed the last quarter with a $7.9 billion valuation, down from the $15 billion recorded in Q1.