Polkadot price was the large-cap cryptocurrency’s biggest laggard in 2024, but a rare chart pattern suggests a strong rally in 2025.
Polkdaot (DOT) is down over 15% this year, while other top coins like Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB) have risen to their all-time highs.
The coin’s underperformance occurred despite its network experiencing successful ecosystem launches. For example, Hydration, a leading decentralized exchange within the Polkadot ecosystem, processed a record volume of over $124 million in December.
Polkadot’s NFL Rivals, a digital trading card game, has gained traction among NFT retailers. Meanwhile, Bifrost, a liquid staking network on Polkadot, has accumulated assets of over $15.1 million, while Moonwell, a lending protocol, has a total value of nearly $200 million.
On-chain data also shows that the number of transactions on Polkadot has continued to rise, reaching a record high this week.
According to The Block, Polkadot recorded 8.52 million transfers in December, slightly less than 9.11 million in November. However, transfers reached an all-time high in the fourth quarter, indicating robust activity on the network. Similar growth was observed on the Relay chain, where both active addresses and transfers increased.
Polkadot also offers one of the highest staking returns among major cryptocurrencies, with a return of 12% and a…
