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Home Cryptocurrencies Polkadot Tokens and Parachains

List of All Polkadot Tokens and Parachains
May 2024

Polkadot is a new generation blockchain, loyal to Ethereum by foundations and supporting NFTs and smart contracts. Polkadot blockchain allows users to create independent sub-blockchains called parachains using its ecosystem.
Symbol Coin Name Price 7 Day Chart Highest CeFi Yield Highest DeFi Yield
Polkadot logo DOT
Polkadot
$7.56
0.2% arrow up arrow down 24 Hr
12%
APR
Chainlink logo LINK
Chainlink
$16.69
2% arrow up arrow down 24 Hr
3.7%
APR
0.24%
APY
Astar logo ASTR
Astar
$0.09
12.6% arrow up arrow down 24 Hr
4.49%
APY
0x logo ZRX
0x Protocol
$0.57
-0.1% arrow up arrow down 24 Hr
4.5%
APR
0.01%
APY
Centrifuge logo CFG
Centrifuge
$0.74
-1.9% arrow up arrow down 24 Hr
Moonbeam logo GLMR
Moonbeam
$0.30
2.3% arrow up arrow down 24 Hr
1.99%
APY
Aleph Zero logo AZERO
Aleph Zero
$0.91
3.7% arrow up arrow down 24 Hr
iExec RLC logo RLC
iExec RLC
$3.21
-1% arrow up arrow down 24 Hr
3.66%
APY
PHA
Phala Network
$0.20
-3.8% arrow up arrow down 24 Hr
3.42%
APY
ACA
Acala Token
$0.10
1.3% arrow up arrow down 24 Hr
0.49%
APY
POLS
Polkastarter
$0.71
0.2% arrow up arrow down 24 Hr
2.49%
APY
FIS
StaFi
$0.48
2.7% arrow up arrow down 24 Hr
2.38%
APY
LIT
Litentry
$1.10
3.7% arrow up arrow down 24 Hr
2.99%
APY
PAID
PAID Network
$0.15
4.2% arrow up arrow down 24 Hr
BNC
Bifrost
$0.44
18% arrow up arrow down 24 Hr
NODL
Nodle
$0.00512
0% arrow up arrow down 24 Hr
FRM
Ferrum Network
$0.06
4.1% arrow up arrow down 24 Hr
KILT
KILT Protocol
$0.28
5.9% arrow up arrow down 24 Hr
CRU
Crust Network
$0.90
-9.1% arrow up arrow down 24 Hr
KYL
Kylin
$0.01
-1.3% arrow up arrow down 24 Hr
POLC
Polkacity
$0.02
8.9% arrow up arrow down 24 Hr
POLK
Polkamarkets
$0.03
3.9% arrow up arrow down 24 Hr
PCX
ChainX
$0.17
9.6% arrow up arrow down 24 Hr
EDG
Edgeware
$0.000314
-8.5% arrow up arrow down 24 Hr
SUB
Subsocial
$0.00235
0% arrow up arrow down 24 Hr
RFUEL
RioDeFi
$0.0024
0.9% arrow up arrow down 24 Hr
CVR
CoverCompared
$7.68E-5
-0.2% arrow up arrow down 24 Hr
XOR
SORA
$1.97E-5
9.3% arrow up arrow down 24 Hr
DOWS
Shadows
$0.00413
16% arrow up arrow down 24 Hr
FOC
TheForce Trade
$0.000689
-1.2% arrow up arrow down 24 Hr
STELLA
StellaSwap
$0.03
3.4% arrow up arrow down 24 Hr
PSWAP
Polkaswap
$0.00144
3.8% arrow up arrow down 24 Hr
EQ
Equilibrium
$2.49E-5
0% arrow up arrow down 24 Hr
PARA
Paralink Network
$0.00109
14% arrow up arrow down 24 Hr
LAD
Ladder Network Token
$2.62
0% arrow up arrow down 24 Hr
HDX
HydraDX
$0.01
0% arrow up arrow down 24 Hr
DHX
DataHighway
$0.05
22.4% arrow up arrow down 24 Hr
AIR
Altair
$0.02
0.8% arrow up arrow down 24 Hr
PARA
Parallel Finance
$0.00489
0% arrow up arrow down 24 Hr
DGX
Digix Gold Token
$49.97
-1.4% arrow up arrow down 24 Hr

What are Polkadot Coins?

Polkadot (DOT) aims to create a completely decentralized internet chain that connects internet sites that do not have a center to which it is connected, networks that are open to the public or do not need special permission with a blockchain. Polkadot blockchain has a native cryptocurrency called DOT. It was created by the Web3 Foundation, a foundation of Swiss origin, and took its place in the markets on August 19, 2020. Polkadot is a network established to develop functional solutions on scalability, customizability, and interoperability where necessary. Polkadot is also distinguished for its quick and low-cost transaction fees.

Polkadot, unlike many other blockchain platforms, can be run on two separate blockchain platforms. It is made up of two networks: the main network, also known as the relay chain, and parachains, which are networks where users can permanently store and create transactions. The Polkadot network's core blockchain is relay chains, which are connected to other blockchains. The network's security is likewise provided by this main blockchain. On the other hand, parachains can be built for any number of users and leverage the main blockchain, allowing blockchain transactions to benefit from the main network's security. All operations are carried out safely as a result of this. Users can design parachains based on their intended use at the same time. As a result, users are able to do their tasks quickly and securely. As a result, blockchain systems do not have to execute a large volume of transactions without exposing any data to the main network. At the same time, they use Polkadot's computing skills to ensure that network transactions are correct. Parachains have the flexibility to construct their own governance structures using Polkadot's shared security feature. More will be explained in a simple way, Polkadot hosts parachains, which are self-contained blockchains. These customized blockchains are created to achieve certain aims and overcome unique challenges.

If we focus on the reason for the appearance of the Polkadot, then, Polkadot was founded as a result of Ethereum's high price and scalability, and a group of programmers who wanted to develop their own solutions wanted to produce a more effective solution. On the Ethereum platform, there are some issues. This is also owing to his exorbitant compensation. In fact, one of the key reasons for the birth of platforms like Polkadot can be attributed to this. Polkadot, for example, is following Ethereum's trend. They hope to follow Ethereum's lead and create a system that is both cheaper and faster. They are attempting to be Ethereum compatible, as Ethereum has now become a standard. On the other hand, the design aims are one of the most significant variances. Ethereum intends to be a distributed financial and smart contract execution platform, whereas Polkadot wants to allow individuals to build full blockchains and connect them together.

Now let's take a look at the DApps based on Polkadot. First of all, I would like to express the meaning of DApp. DApp is a decentralized application, an application that runs on a blockchain system, which can operate autonomously, typically through the use of smart contracts. DApp is also a term for internet applications that are constructed in a proper way. P2P (peer-to-peer) refers to all programs that operate on a peer-to-peer basis. At the same time, decentralized applications built on the blockchain directly support cryptocurrencies. October additional fees are charged for transactions, as each connected user offers support for the network. We can consider it as an advantage of DApps. On the other hand, because DApps are always being enhanced, the user experience may not be as consistent as it is in a traditional program, where several developers collaborate to ensure that the code is error-free. We can consider it a disadvantage of DApps.

Polkaswap

Polkaswap is a project currently under development, conducted by Soramitsu. Soramitsu is a blockchain company based in Japan. Polkaswap functions as a market maker. At the same time, it can be considered the Uniswap of the Polkadot ecosystem. It provides better liquidity, speed, and security for users. It is completely unauthorized, so no central authority can control transactions. Let's talk about some of the features of Polkaswap. Polkaswap has the ability to work between different blockchains or exchange cryptocurrencies belonging to different blockchains. On the other hand, a good feature is also affordable fees. It has much more reasonable pricing than Ethereum. Finally, it has the ability to perform operations faster.

Polkastarter

Polkastarter (POLS) token serves as a decentralized fund-raising platform. The Polkastarter protocol has a structure that will allow you to operate dec chains. Users will be able to invest in new blockchain projects using this platform. There are numerous ways to raise funds in the bitcoin and blockchain worlds. Polkastarter is a cross-chain token pool and auction system built on Polkadot that allows projects to generate funds in a decentralized and interoperable manner. Several pools are now open, with more to follow soon.

LocalCoinSwap

LocalCoinSwap is a distributed crypto exchange aimed at solving most of the problems that we associate with centralized and distributed cryptocurrencies. LocalCoinSwap decentralizes the buying and selling of cryptocurrencies globally, with over 250 payment methods supported. Polkadot is one of the many assets that this platform supports, making it extremely adaptable.

Mantra DAO (DeFİ)

MANTRA DAO is a DeFİ platform run by the community that focuses on staking, lending, and governance. It is also a fully integrated decentralized financial services ecosystem built on interoperable technologies and collectively controlled by its users. Mantra DAO provides a suite of decentralized finance solutions to the community because it is developed on Rio Chain for Polkadot.

Ren

The Ren project is an open protocol for all decentralized applications to access inter-chain liquidity. RenVM makes it feasible to integrate Bitcoin and ZCash into Ethereum DApps, for example. This functionality has now been extended to Polkadot's multi-chain environment thanks to a partnership with Acala network. In addition, unlike other cryptocurrencies, users do not need to buy or possess REN to utilize its platform. Instead, customers pay a fee in the Blockchain's cryptocurrency, which they use to perform their business.

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Article by Yunis
30 June 2021 (Updated 24 May 2024)
Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

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