First set of Polkadot parachains goes live with over $3.5 billion staked
ambcrypto.comPolkadot’s ecosystem hit another milestone on its journey towards full interoperability recently after the first set of parachains were launched on the blockchain platform.
As per an official announcement, the five projects that have been leased a slot to run parallel to Polkadot are Acala, Moonbeam, Parallel Finance, Astar, and Clover. These Polkadot-based projects will be focused on a wide array of sectors, including DeFi, dApp development, and smart contracting, among other use cases.
The parachain auctions, which have been ongoing since 11 November, saw hundreds of projects vying for these slots by raising DOT through crowd loans and staking them to bid on the parachain slots. Each of the five successful projects will now have a parachain
Read more on ambcrypto.com
