Polkadot (DOT) surges 8% with staking dashboard upgrade

• Polkadot’s price experiences an 8% increase.
• The surge is bolstered by the introduction of the Staking Dashboard 1.1.
• The upgrade allows users the ability to view the 14-day activity of validators on the Polkadot network.

Polkadot (DOT) has once again made headlines with its impressive price movement in the crypto market. At the time of writing, each DOT is priced at $4.34, reflecting a 3.23% increase in the past 24 hours.

This surge in DOT price is attributed to the recent deployment of Polkadot’s Staking Dashboard 1.1, designed to enhance the user experience within the Polkadot ecosystem.

Polkadot’s resurgence

Over the past week, Polkadot has been among the best performers in the top 20 cryptocurrency rankings by market capitalization, with an 8% price gain during this period. This positive momentum underscores Polkadot’s readiness to retest the resistance point at $5 in the near term.

The surge in Polkadot’s price is not merely coincidental. It is closely tied to the introduction of the Polkadot Staking Dashboard 1.1, a critical upgrade in the Polkadot ecosystem that provides users with improved insights into the network’s validator activities and performance.

The Polkadot Staking Dashboard 1.1

The Polkadot Staking Dashboard 1.1, unveiled by Ross Bulat, an engineer with Parity Technologies offers Polkadot Stakers a more intuitive reporting system, making it easier for users to understand ongoing activities within the ecosystem.

1/ Polkadot Staking Dashboard 1.1 Is Now Live 🎉 This is a BIG release.
MetaMask support, new power-user features for managing nominations, configurable RPC endpoints, and a lot more, all in this thread.

Get ready to #StakeDOT at the next level. Let’s dive in🧵👇 pic.twitter.com/9HG3CdFj6Y

— Ross (@rossbulat) October 30, 2023

Among the features of this upgrade is the ability to view the 14-day activity of validators on the Polkadot network, along with their performance concerning the staker’s nominations. Light clients are now supported, and asynchronous synchronization is enabled, enhancing the overall user experience.

The dashboard also includes a ranking system that classifies validators based on their performance, allowing potential stakers to make informed decisions. To ensure maximum accuracy, the dashboard showcases the validator with the best performance by default.

This upgrade is designed to promote transparency and ease of use, ultimately encouraging greater participation in the Polkadot network and driving the recent surge in demand for DOT tokens. With high-profile partnerships and the increased accessibility provided by the Staking Dashboard 1.1, Polkadot appears poised for continued growth.