Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
DOT Sinks as Polkadot Fades—Is Recovery Still Possible?

DOT Sinks as Polkadot Fades—Is Recovery Still Possible?

BitgetBitget2025/06/29 12:48
By:Bitget
  • Polkadot’s user base and developer activity have dropped drastically in 2025.
  • DOT trades near key support after a 93% plunge from its all-time high.
  • Analysts warn of further losses if selling pressure continues and support levels break.

Polkadot — DOT , once promised a revolution. Now, it’s struggling just to survive. What was once a bold experiment in interoperability has turned into a fading memory. DOT has lost over 93% of its value since its peak, and the community is no longer buzzing with energy. Even longtime supporters have started to lose faith. The numbers tell a harsh story. Developers are leaving. Users are disappearing. The network is barely hanging on.

Polkadot is dead.

Raised $500M. Promised a revolution.

Now? No users. No devs. No future.

Here’s how one of crypto’s biggest bets faded into a ghost chain 👇🧵 pic.twitter.com/XMHElzhOl0

— Nonzee (@0xNonceSense) June 27, 2025

Vision Derailed, Momentum Lost

Polkadot launched with massive hype. Backed by $500 million in funding, it aimed to challenge Ethereum’s dominance . The parachain model sparked initial excitement, but that excitement quickly faded. Real-world usage failed to materialize. The fire never caught on. By 2025, daily active users had dropped to just 5,000. Developer participation plummeted from 2,400 to around 1,000. That isn’t a dip—it’s a dramatic collapse in engagement.

Trading volume followed the same bleak pattern. From a high of $39 billion, it has nosedived to just $5 billion. Investors clearly lost confidence and started looking elsewhere. Revenue figures are equally depressing. For two straight months, Polkadot earned just $462. Not $462,000—just $462. That’s less than the monthly revenue of a tiny online store. Capital didn’t just slow—it vanished. Market participants fled for ecosystems that showed real growth and innovation.

Can DOT Survive the Bleeding?

As a result, Polkadot’s share of the total crypto market shrank to a mere 0.15%. That’s barely a blip on the radar now. Analysts aren’t optimistic. DOT currently trades at $3.30, down 47% in the past 12 months. The technicals aren’t encouraging either. The RSI hovers near oversold territory, signaling relentless selling pressure. If the price drops below $3.00, support may crumble. And if $2.80 breaks, the next stop could be $2.60—or worse.

A project that once stood as Ethereum’s rival is now an afterthought. The dream lies fractured. Still, there’s a faint glimmer of hope. If bearish pressure weakens, DOT might retest the $3.60 resistance level. A breakout there could offer short-term relief, maybe even spark renewed interest. But without users and developers, it won’t mean much in the long run.

Polkadot is running out of time. The network needs a bold turnaround plan—not minor fixes. Without urgent action, it risks becoming a cautionary tale of what happens when ambition outpaces execution.This isn’t a temporary setback. It feels like a slow-motion collapse. And unless something drastic changes, Polkadot’s dream might be over for good.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Thumzup Media Goes on a Cryptocurrency Shopping Spree

In Brief Thumzup Media Corporation diversifies with a $250 million cryptocurrency investment plan. The company aims to minimize single-asset risk and leverage U.S. regulatory progress. Donald Trump Jr.'s investment has heightened attention and potential market impacts.

Cointurk2025/07/20 11:35
Thumzup Media Goes on a Cryptocurrency Shopping Spree