Polkadot Trading Volume Surges Amid Elastic Scaling Upgrade
Polkadot's (DOT) price has remained under pressure despite renewed market attention after its 24-hour trading volume surged above $226 million on September 12. The DOT token traded at $1.0454 on OKX, holding near trendline support after an early-September rally faded.
Data for September 12 showed that despite stronger trading activity, DOT was still down on the week. Coinglass data also revealed that longs absorbed almost all liquidations across the 12-hour and 24-hour windows.
The recent elastic scaling upgrade on Polkadot allows parachains to use multiple cores at once, allowing them to push up to three blocks into one relay-chain slot. This change moves the main performance constraint from the wider Polkadot network to each chain's block producers.