Polkadot: Assessing if ETF and network activity can carry DOT to $1.30
Polkadot [DOT] is up by more than 13% in the past 24 hours. Similarly, the total crypto market is rallying as short liquidations increased by 17% to around $272 million. But DOTs surge is not only dependent on the broader crypto market strength. High network activity, capital inflows through treasury and ETFs, and a bullish technical outlook have been key. Why is Polkadot surging? Looking at the network activity, Polkadots Monthly Active Addresses have doubled in September. The number has grown from 40K in August to a high of 82.9K, but the figures have since retraced to 80.3K. Source: Token Terminal Moreover, the monthly token trading volume has increased by 116%, hitting $4.70 billion. Discover more Finance NEWS Try CAD Software Transactions have also continued to stay high, aligning with the past analysis. Daily transactions are averaging 238K, with the sum for the past 30 days at 7.20 million, as per Token Terminal. In terms of capital flow, it turned positive this month on an overall scale. For instance, 21Shares Polkadot ETF [TDOT] saw net inflows of $663K after two months of dormancy, as per SoSoValue. This indicated institutions were gradually returning to buying TDOT, which could be accelerated by the SECs regulatory clarity on tokenization. Additionally, Treasury net flows turned positive after









