What’s the Next Huge Step for DOT? Make Sure You’re Not Left Behind!

Polkadot has launched the first phase of its parachain network, offering custom-made layer 1 blockchains with scaling capabilities that can be used for various use cases. The parachains, a unique part of the crypto market, offer a more customisable alternative to the limited network capacity of traditional blockchains, with Polkadot’s base layer acting as a hub for security. Moonbeam, Acala, Parallel Finance, Clover and Astar are currently providing parachain services, with prices ranging between $25 and $50. Polkadot’s design marks a departure from Ethereum’s rollup roadmap, using different programming languages to describe the base layer, increasing interoperability with other networks.

Parachains: The Next Phase in Polkadot’s Roadmap

The launch of the first parachains on Polkadot is finally here, and it’s a unique part of the crypto ecosystem that everyone should be paying attention to. In this article, we’ll dive deeper into what parachains are, how they can help with scaling, and what the first set of launched projects are.

What are Parachains?

Parachains act as their own layer 1 blockchains that are custom-made for a variety of different use cases. They tap into the Polkadot base layer for security, making it a highly anticipated event within the crypto ecosystem. This is not much different from Ethereum’s rollup roadmap, where a large network of independent blockchains will use a base layer blockchain as a hub.

The Launch of the First Parachains

Moonbeam, Acala, Parallel Finance, Clover, and Astar are the first set of launched parachains on Polkadot. Moonbeam is one of the most popular parachains and is an extension of the Moonriver platform previously launched on the Kusama network. As one of the top EVM-compatible chains, it allows developers to easily port applications from other networks. Acala is the first project to win a parachain auction on Polkadot and is hoping to be a one-stop-shop for DeFi on Polkadot. Another DeFi platform, Parallel Finance, is focused on becoming the “DeFiPulse of credit” while also being compatible with Bitcoin in the future. Clover Finance is focused on making the Polkadot DeFi ecosystem interoperable with other networks, while Astar is working on decentralized applications in general.

What’s Next?

In addition to the public parachains that have launched, Energy Web will be partnering with Polkadot developer Parity for the Consortia Relay Chain, requiring an entirely new token for the Energy Web ecosystem. The testnet version of the Consortia Relay Chain and an initial set of connected blockchains are expected to launch sometime in the second quarter of next year.


Polkadot’s parachains are something to watch out for in the crypto ecosystem as it paves the way for a new crypto ecosystem. The unique architecture of parachains allows for diverse and custom-made use cases and taps into the Polkadot base layer for security, providing a highly scalable solution. With the first set of launched parachains being highly anticipated, it’s definitely worth keeping an eye on what’s next for Polkadot.

Notify of
Inline Feedbacks
View all comments

What's in Store for XRP this Week? Find Out the Details of the Ripple XRP Lawsuit!

In a video, Dusty discusses the recent XRP trade that resulted in around 50% profit. He talks about two streams regarding the future of Bitcoin – one is bullish and thinks it will build up from here...

Unraveling the Mystery: Sudden Drop in Stocks and Crypto Values!

In a video update, Sam explains the reason for the sudden dip in both cryptocurrency and stock markets towards the end of the day. According to him, the dip was triggered by the detection of the first...

What's the Latest Buzz Surrounding CRYPTO.COM and Altcoins? Don't Miss Out on the Urgent Update! 🔥

Crypto.com is giving away more than 50 NFTs created by various artists to support local relief and humanitarian efforts in Turkey following recent earthquakes. The collection ends in three days, and all...

What is China's master plan in Africa? Find out how they're making their move.

China has been investing heavily in Africa in recent years, seeking to accumulate resources and influence in the continent. Africa is home to vast mineral reserves, arable land, and a rapidly-growing population,...

"Unveiling the Top 5 Cryptocurrencies to Invest in for 2023 - Are You Ready?"

The video discusses the top five cryptocurrencies to watch, covering recent news, potential, and functions. The first cryptocurrency mentioned is XRP, the native cryptocurrency of the Ripple Network, which...

Explore the Exciting Differences Between Navigating Altcoin & DeFi Ocean with an Array of Tools 🛠️ and the Bare Minimum Approach 🛶 - Which is the Smart Choice?

Navigating the altcoin and decentralized finance space without proper tools and information is like sailing the ocean with just a hole and a single sail compared to a robust ship with multiple sails, cannons,...

"The Truth about Ultimate Champions NFT Play to Earn Game: Should You Buy CHAMP Token and CHAMP Crypto?"

The video discusses the Ultimate Champions game, how to make money from it, and whether or not the speaker will invest in it. The game involves collecting sports cards and participating in leagues, tournaments,...

Unveiling the Secret Method for Crypto Long/Short Trade Without an Exchange! 👁️ #shortcrypto #binance #longsqueeze #leveragetrading

The author is interested in investing in Ethereum, but after the recent FTX drama, they do not want to use an exchange. Instead, they suggest using a decentralized exchange like Uniswap, but note that...

What's the Magic Number? My XRP Purchase Strategy Unveiled!

The author has not purchased XRP for over a year due to its plummeting price. They remain hesitant to invest given the current bear market affecting all cryptocurrencies, including those they love such...

Discover the Ultimate Trading Guide for 2023 with Finteria: Stocks, Crypto, Forex & Commodities!

Moonlight discusses trading cryptocurrencies and provides a step-by-step guide on how to become profitable in trading crypto. She recommends a platform called finteria.com, which allows users to trade...
Load More



Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap


Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks