Investing.com - The team behind Polkadot, one of the crypto industry’s major Ethereum rivals, revealed in a blog post that the ecosystem is showing steady growth, with more people getting involved and developer activity picking up.
The blog series provides key insights into network activity, engineering developments, and the latest products.
In July, the network's governance system, OpenGov, reported higher engagement, with 1,134 unique voters participating in 118 referenda. Of these, 65 were approved, 29 rejected, 22 timed out, and 2 were canceled, highlighting the active role of DOT holders within the network.
Despite market challenges, developer activity in the Polkadot ecosystem remains strong. Per its own calculations, the network now hosts 29,917 repositories, with weekly commits exceeding 5,500— well above last month's figures. Around 900 developers contribute each week as well, keeping the ecosystem's momentum active.
Meanwhile, the Polkadot Forum continues to be an active hub for discussions, with 161 new members joining in July. The community generated 89 new topics and 676 posts, with page views reaching 300,000 and user visits at 5,800.
July also saw a spike in coretime sales on Kusama, with 62 cores sold to 7 unique addresses, despite a decrease in core prices to below 1 KSM. Demand for coretime remains high, the team said, indicating continued interest in the network’s resource allocation capabilities.
The upcoming Polkadot Mobile App, teased at Polkadot Decoded by Parity CEO Bjorn Wagner, is expected to roll out to select users in September 2024. The app will reportedly offer new features like onboarding without passwords or seed phrases, the ability to fund wallets with DOT or stablecoins, and the option to make purchases at over 1 million stores, with staking functionality on the way soon.
Two new APIs were rolled out to boost developer efficiency: the XCMFee Payment Runtime API and the XCMDryRunApi. Polkadot developers said that these tools will help streamline XCM fee payments and improve testing capabilities.
Earlier this month, blockchain gaming company Mythical Games migrated its Mythical Chain to the Polkadot ecosystem. The transition brings over 750,000 active wallets from the Mythos Chain, along with a user base of over 5M, to Polkadot.