Messari released the Q4 2024 report on Polkadot: surge in transactions, expansion of Cross-Chain Interaction, and advancement of Polkadot 2.0

PANews news on February 8th. According to the Polkadot Q4 report released by Messari, the Q4 monthly volume of Polkadot reached 60 million transactions, a 200% increase compared to the same period last year, mainly driven by Rollups such as Neuroweb and Frequency. Cross-Chain Interaction has been improved, with Snowbridge (Polkadot-Ethereum bridge) TVL exceeding 70 million US dollars, and Hyperbridge supporting multi-chain asset transfers such as Ethereum, Optimism, and Arbitrum. Kusama network stress test “The Spammening” reaches 143,343 TPS, expected to reach 623,000 TPS at full load, demonstrating high scalability. DOT market value rise 71% to $1.64 billion, transaction fees tripled. In terms of governance, OpenGov enhances decentralization, significantly increases voter turnout, and important proposals include increasing validators to 500 and setting the annual inflation amount to 120 million DOT. In terms of technological upgrading, Polkadot 2.0 is progressing smoothly. Elastic Scaling will be launched in Q1 2025, and JAM technology development is advancing to support Ethereum-compatible smart contracts.