Editor's Note: This article comes fromHot Wheels Community (ID: FHBT18), Author: Pepe, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Hot Wheels Community (ID: FHBT18)

Hot Wheels Community (ID: FHBT18)

, Author: Pepe, reproduced by Odaily with authorization.

Hello everyone, I’m Pepe. With the launch of the transfer function on August 19, the long-awaited project of Polkadot, domestic attention has also shifted from defi to polkadot. Polkadot’s performance in the past two days has not changed. It's disappointing, today's highest is close to 5 knives.

The above picture is a bit imagery, but I see that today's ranking on coingecko has surpassed ltc.

Of course, I still have some doubts about the circulation calculated by his family. The circulation calculated on coingecko is 890 million, which is based on the current total (inflation currency) of 980 million minus the chips on the Web3 Foundation address, but I have also seen some previous data statements:

The foundation holds 30% of the shares, and there is also a lock-up period for this year's crowdfunding. I haven't found anyone asking about this, and see if there are any Polkadot fans to reply.

Before, many friends told me why I didn’t write about Polkadot. In fact, a fundamental analysis article was published in June. See:

Some people say it is the strongest competitor of ETH2.0, some people say it is a "gringo scam", what is the truth? —Pepe Detective Coin vol04 Polkadot

For what Polkadot is and what his cross-chain is, you can refer to the link above, and I won’t repeat it here.

This issue mainly wants to share some recent observations on Polkadot, especially when I saw a sentence recently, saying that this Polkadot, now the old leeks think it is the next eos (a wave of hype), but the new leeks Everyone thinks it is the next Ethereum (creating a thousand times myth).

Which one is it? Maybe we have to analyze why it is so popular now, is it really just because it happens to be a bull market + star project?

I think the popularity you can see at this stage, in addition to the enthusiasm of the community, there are the following aspects:

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1. With a large number of mortgages, the circulation is actually smaller than imagined

For dot holders, if you are not lazy enough, or just want to take a chance to improve your life, one of the things you can do with dot at present is - staking (there should be some parachain auctions and the like later) , need to use dot).

From the block records:

The mortgage amount has reached 57%, accounting for nearly 60% of the total amount, which is considered to be extremely fast for a project that has just opened transfers within a week.

https://ipfs.io/ipns/dotapps.io/#/staking/targets

According to the data of the previous rounds of sales, it is speculated that the proportion of the foundation should be more than the amount of less than 100 million that Coingecko thought. It may be a little exaggerated to say that the chips that are actually trading and forming the current market value only account for less than the total amount. to 10%.

The only thing that is a bit negative is the increase in mortgage mining. The motivation for gradually selling this part to the market is relatively large. I don’t know whether the interest can only be withdrawn and then transferred, or there must be an unlocking process, but at present The reward in the previous cycle was 220,000 dots. Let’s assume that this is the average value. If it is calculated at $5, it is 1.1 million US dollars. A cycle is about 5 days, which means that inflation is selling at an average of 200,000 US dollars per day at the current price. In the short term, the market enthusiasm is greater than this inflation, not to mention that not every investor will directly mine, sell and withdraw.

In addition, there are currently 197 validators (which can be understood as nodes in other POS projects), and this number will increase in the future. If you want to choose a node mortgage, you can click the following link:

After looking at the data, the highest node income is 0.4dot for a period of 1,000 mortgages, and the annualized rate is expected to be 14%, but don’t think this is very high, it is not fixed. According to the earliest white paper, after the pledge rate of the entire network exceeds 50%, The more pledged, the coins allocated to each node will be reduced accordingly.

And from this point of view, now that so much can be mortgaged, there are also factors for large households to enjoy this early mortgage dividend.

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2. Ecology or ecology, who are the real demanders of cross-chain?

A picture expresses the current ecological prosperity on Polkadot:

Dear Polkadot fans, can you recognize which Polkadot ecological projects these logos are? Anyway, I don't recognize it completely, hahaha.

Compared with the logic of hot spots in the late stage of the last wave of bull market: I am slapping Ethereum, and everyone here is hot chicken.

This year's popular trend will be more integration and cooperation + business mutual promotion to increase market value. On Ethereum this year, relying on various defi mutual aid mining to generate an annualized rate of return that even cx disks are jealous of. Needless to say, it goes without saying. Anyone who cooperates with his family will have a good link, and the recently equally strong atom, no matter what his family's team is, as long as there are a few awesome (increasing) projects in the ecology, it will be fragrant.

There is also the popularity of polkadot. In addition to the high attention paid to its own star team, especially its one-click chain issuance, some people think that the threshold for chain issuance will be higher than that of ERC20 on Ethereum, and real code logic is required. But I feel that the threshold for one-click posting chains has actually been lowered. In order to prove that you are not empty, you either have to create a new chain, or copy and add your own things. To be honest, it’s like writing an article. Sometimes it is not easier to change the content of the content than to say it yourself, so I think its requirements are actually low, and therefore it has attracted more projects, whether it is on the bright side or in the parallel world.

And many projects in its ecology, in addition to the concept of Polkadot, also benefited from this year's market + stepping on the hot concept + small market value, and also have dazzling increases, which has attracted more attention to Polkadot, as well as dot. Buy demand.

The picture above shows the market capitalization of some Polkadot Ecosystem bids so far. There are already four bids EDG/KSM/OCEAN/EWT with a market capitalization of hundreds of millions of dollars. From here, we can see two points:

(1) Compared with the previous dapps on eth/eos, the hair chain seems to be a more complete project, and the imagination in terms of market value will be greater (there is actually a side chain on Yuzu, which is very easy to do, and there were some gems Treasures, but for various reasons, the relatively small audience has not seen marketing).

A small project team who still wants to do something, or a person who wants to make money.

Because the threshold of the public chain track is already very high now, if you want capital and background, you must have enough distinctive stories. The best way for small coins in tone is to transform into various cross-chain ecologies. It doesn’t need to be too outstanding, but it can still attract a wave of attention if it catches on with this popularity.

Why do I say that, it is in the above list, there is a coin - oax, I bought it in the last wave of bull market, it is too low-key, no matter how others go up, it will not move, I did not expect it to be mixed into this now The circle came [laughing and crying].

And all these ecology, just like the competing nodes on eos, will have a positive effect on the market value of dot.

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For dot, there are still some stories to watch in the future, such as whether it can be on cb, it seems that there is more enthusiasm for Polkadot domestically, but I have observed it recently, and there are still big Vs talking about it overseas.

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There are also parachain auctions in it, and there are events that increase the demand for dots, which have not yet started.

As for the lack of funds, I saw that there is a saying that many of them are out of defi, just now that the popularity of defi is also declining, and more attention will be paid to Polkadot and its ecology, including the recent media campaign in China. Of course, in addition to this, some Ethereum community developers may also pay attention to Polkadot and migration development in the future. After all, there is the origin of the founder, and after all, the migration of eth2.0 is still unknown and takes time for applications. There is also the possibility of driving market expectations.