Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency, and with more than 30,000 supporters, the DeFi lending protocol secured its place in the expanding ecosystem. Parallel Finance secures its lease…

Moonbeam wins Polkadot’s second parachain auction with $1.4 billion pledged

Moonbeam, an Ethereum-compatible smart contract platform, has won the second parachain auction on Polkadot. According to the company’s announcement, over 35 million DOT, worth approximately $1.4 billion. Unprecedented community support helps Moonbeam secure a two-year slot on Polkadot After losing the last parachain auction to Acala, Moonbeam has now emerged as a winner of Polkadot’s…

Acala wins Polkadot’s first parachain slot with over 32 million DOT staked

DeFi protocol Acala has won the first-ever Polkadot parachain auction on Thursday. The platform raised a total of 32.5 million DOT from 81,000 contributors, worth over $1.3 billion at press time. With over 32M DOT contributed by over 81,000 community members, Acala has won the first parachain auction on @Polkadot! Thank you to everyone who…

DFG allocates 500,000 DOT to Acala ahead of Polkadot parachain auctions

Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26.5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot. “We proudly announce our very first decision: 500,000 DOT that will be contributed to the Acala Crowdloan. This was a decision made…

Bifrost launches on Kusama-based Karura Swap with 200,000 BNC in rewards

Karura Swap, the AMM-style decentralized exchange on Kusama, has joined forces with Bifrost Finance to introduce its newest trading pair BNC/kUSD. The pair will launch in Bootstrap mode on October 19 at 13:00 UTC with trustless trading scheduled to go live on October 21 at 13:00 UTC. The first cross-parachain token listing on Karura Swap…

Is Kusama (KSM) about to shed its “canary network” label?

Polkadot whale and notable community member @DonnieBigBags tweeted that the Polkadot to Kusama bridge will be rolled out at the end of this year. He added that, by formally connecting both chains, Kusama is “more important than ever.” “Importantly it was announced today that the $DOT <> $KSM bridge will be ready by the end…

Polkadot (DOT) parachains are coming in mid-December. Here’s what you need to know

Polkadot’s much-awaited parachains are set to go live on the network later this year, its developers said in a post on Wednesday. The community can expect ‘Auctions’ from the proposed date of November 11 onwards. What are parachains on Polkadot? Parachains are custom, project-specific blockchains that are integrated within the Polkadot (DOT) and Kusama (KSM)…

Kusama dApp Moonriver records 1 million transactions in just 3 weeks

Moonriver, the Ethereum (ETH) blockchain-compatible smart contract platform developed on Polkadot, is full steam ahead with some impressive figures since its launch just three weeks ago.  A Polkadot – Kusama powerhouse As reported by Moonbeam, Moonriver has close to 100k wallet addresses on the network and over 650 ERC20 tokens have been created. In addition,…