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Are Polkadot’s parachain auctions keeping up with expectations
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With the market staying macro bearish, most of the assets and their blockchains are currently relying on network developments for recovery. Well, Polkadot isn’t any different. It has the Parachain auctions at hand as a tool to engage in the limelight. However, it seems to be not working out as they expected it to.
On 16 December, Polkadot Parachain auctions’ first round ended with clover.finance taking the fifth spot. The DeFi project won by raising over $251 million which was just slightly more than the runner-up Efinity.
Parachain auction round 1 winners | Source: Parachains.info
The parachains play a paramount role when it comes to network development as one of Polkadot’s core developers described these parachains as a “blockchain on
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