Investing.com – The team behind , one of the cryptocurrency industry's main rivals, revealed in a blog post that the ecosystem is showing steady growth, with more people getting involved and developer activity increasing.
The blog series provides key insights into network activity, engineering developments and the latest products.
In July, the network’s governance system, OpenGov, reported increased participation, with 1,134 unique voters participating in 118 referendums. Of these, 65 were approved, 29 rejected, 22 expired, and 2 were cancelled, highlighting the active role of DOT holders within the network.
Despite the market challenges, developer activity in the Polkadot ecosystem remains strong. By its own calculations, the network now hosts 29,917 repositories, with weekly commits exceeding 5,500, well above last month’s figures. Additionally, around 900 developers contribute each week, keeping the ecosystem’s momentum going.
Meanwhile, the Polkadot forum remains an active hub of discussion, with 161 new members joining in July. The community generated 89 new topics and 676 posts, with 300,000 page views and 5,800 user visits.
July also saw a surge in coretime sales on Kusama, with 62 cores sold to 7 unique addresses, despite a decline in core prices to less than 1 KSM. Demand for coretime remains high, the team stated, indicating continued interest in the network’s resource allocation capabilities.
The upcoming Polkadot mobile app, unveiled at Polkadot Decoded by Parity CEO Bjorn Wagner, is expected to launch for select users in September 2024. The app will reportedly offer new features such as 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 have been implemented to increase 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 Mythos Chain wallets, along with a user base of over 5 million, to Polkadot.
