Key Takeaways
What are the current developments on Polkadot?
The interoperability of more chains into the Polkadot ecosystem, together with governance, led to a paradigm shift on the chain.
Will this unlock Web3’s potential?
The upgrades could unlock web3 as it tailors the blockchain for use in DeFi, NFTs, and RWA tokenization.
Polkadot’s (DOT) price action may be poised for a $100-target in the long run, with the most recent upgrades setting up for this acceleration. In fact, the ecosystem has seen a shift in governance, with the same driving scalability and efficiency.
The upgrades will unlock Web3’s potential in the ecosystem by increasing the Total Value Locked (TVL) and facilitating the launch of Polkadot’s stablecoin – pUSD. Here are the full details of the upgrades and how they will be shaping the outlook in late 2025.
Polkadot governance and ecosystem upgrade
Polkadot, in a post on their X page (formerly Twitter), revealed that the ecosystem is expanding opportunities for developers.
Particularly, the Hyperbridge, which is a roll-up on Polkadot, has expanded verifiable interoperability to the mainnet. The Cross-Consensus Messaging protocol now enables seamless communication and asset transfers.
The Layer-0 blockchain enables the execution of Polkadot 2.0 for elastic scaling and the JAM protocol. Parachains enable the customization of blockchains for diverse use cases.
Among the applications are DeFi, NFTs, and RWA tokenization – Gateways to Web3. Staking cryptos and bridging traditional assets could support growth and innovation in the ecosystem.
Source: Polkadot/X
That’s not all though as a stablecoin, pUSD, was launched too. The DOT-backed stablecoin could enhance liquidity, thereby strengthening its DeFi ecosystem and decreasing reliance on major stablecoins, as previously mentioned in AMBCrypto’s report.
The upgrade has had an impact on transactions and price, which have equally reacted on a positive note.
Transactions and DOT price predictions
The last quarter of the year has seen a recovery in the number of transactions in the Polkadot ecosystem. The month of September had 16.95 million transactions, but the figures have been improving after the upgrades.
The sustainability of this improvement will determine whether the reshuffle is temporary or permanent.
In the meantime, the price action may be hinting at a potential shift after the break above the neckline of the inverted bullish reversal pattern, as seen on the chart. However, while the $100-target may be too high right now, $5 is pretty realistic in the short term.
Source: TradingView
The unlocking of Web3 in the ecosystem could lift the chances of Polkadot hitting $100 in the long term. Volume could increase from swaps and transactions due to its interoperability across multiple chains.
Still, the $100-target is distant. It might take years to reach it. And yet, no price is too far due to the volatility of cryptocurrencies.