$DOT Surges Past $162 Million in Trading Volume as Polkadot Preps Native Dollar
Polkadot has experienced a significant surge in trading volume, reaching $163.73 million in a single day, as it prepares to launch its own native dollar through a community vote.
The dotUSD referendum is now live on OpenGov, allowing holders of $DOT to decide whether the network should introduce a stablecoin.
According to CoinMarketCap data, Polkadot's price has broken out of a multi-month downtrend and is currently trading at $1.1417, up 3% in the last 24 hours.
The breakout has been accompanied by an increase in volume, with the 8.46% volatility-to-market-cap ratio indicating significant trading activity.
Analysts believe that as long as Polkadot holds above $1.0873, the outlook remains constructive, while losing this zone could suggest a short-lived move driven more by news than lasting demand.