🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Polkadot Q2 Highlights: OpenGov Launch, XCM V3 Release, Network Activity Surge
Polkadot Q2 2023 Report: Achieved Two Key Milestones, Network Activity Significantly Increased
Main Highlights
OpenGov officially launched. Polkadot's new decentralized governance model OpenGov introduces parallel voting, community-centric governance institutions, and a more flexible delegation mechanism, making the decision-making process more efficient and transparent.
XCM V3 officially released. This new version message format adds advanced programming capabilities, bridging with external networks, cross-chain locking, improved fee payment mechanisms, and support for NFTs.
The United States Securities and Exchange Commission ( SEC ) has not classified Polkadot's native token DOT as a security. The Web3 Foundation stated that after three years of dialogue with the SEC, DOT is no longer considered a security.
Acala and Moonbeam have re-leased parallel chain slots, with the initial leases for the first batch of parallel chains set to expire in October. As new projects seek to join and existing projects renew, competition for parallel chain slots will intensify.
Introduction to Polkadot
Polkadot is a nominated proof-of-stake ( NPoS ) blockchain network designed to support various interconnected, specialized Layer 1 chains known as parachains. Each chain in the Polkadot ecosystem uses the blockchain framework Substrate developed by Parity Technologies, allowing developers to choose the components best suited for their specific application chain. Polkadot refers to the entire ecosystem composed of all parachains connected to the "relay chain." The relay chain does not support application functions but instead hosts all validators, responsible for the security, governance, and interconnectivity of parachains.
Key Indicators
Ecosystem Overview
Overview of Decentralization and Staking
Summary
Polkadot made significant progress in the second quarter, achieving two major milestones: OpenGov and XCM V3. The network fundamentals remain strong, with a noticeable increase in parachain activity levels. As the first batch of parachain leases is about to expire, competition for slots will intensify. The implementation of future system parachains, asynchronous support, and other features will further enhance network performance. Polkadot has one of the largest developer communities in the industry, demonstrating its ability to deliver according to the roadmap.