Polkadex

Dec 2, 2021

5 min read

November at Polkadex

Native PDEX listed on Gate.io, the Polkadex network turns two months old, and more!

It’s been two months since the Polkadex mainnet was launched! While the month of October laid out the foundation for the growth of the Polkadex network, November has continued to build on top of that foundation. From native PDEX getting listed on Gate.io to Orderbook development crunch-time and from new partnerships to the the continued growth of the Polkadex network, November was filled with highlights. Read on to catch up with all the best Polkadex moments from November.

The Polkadex network turned 2 months old on November 29th! In its second month the network reached 100 active validators (33% monthly growth) and almost 1,000 nominators (~40% monthly growth). The amount of PDEX migrated from ERC-20 PDEX to native PDEX on the Polkadex network essentially doubled during November. Meanwhile, the amount of PDEX staked has surpassed 910,000 PDEX, a 35% increase in the month of November alone. More PDEX being staked means the annual percentage yield (APY) for staking is dropping. But don’t worry, the APY projection is currently at around 64% so there is still plenty of time for early-birds to take advantage of high rates! If you haven’t done so already, migrate your PDEX using the guides below to start staking.

It’s crunch-time for Polkadex devs. This month has been the busiest in terms of development for Polkadex. Significant strides were made to get both PolkaIDO and Polkapool ready for their respective public testnet and beta testing launches before all hands on deck were called to work on Polkadex Orderbook. For example, the dev team spent some time making improvements to PolkaIDO based on feedback from beta testers.

However, Polkadex Orderbook is the number one priority for the Polkadex dev team and that’s where most of the work went into during November. From finalizing the roadmap for the upcoming security audit later this week to continuing the front and backend integration work, the Polkadex devs have been extremely busy behind the scenes making gigantic steps that will turn Polkadex Orderbook from vision to reality in the new year.

Polkadex was in the spotlight in a big way during the month of November with features on Yahoo Finance, Investing.com, CoinMarketCap, Crypto Daily, Coinquora, Newsbit, Insider Monkey, and others.

There were also a few key interviews this month. Polkadex CMO Kseniia Baziian’s awesome late-October interview with MarketSquare was uploaded in early November. Worth watching for sure!

Towards the end of the month, Polkadex Executive Director and Co-Founder Vivek Prasannan sat down with the Birb Nest for an in-depth hour-long interview. Must-watch content for Polkadexers!

Last but not least when it comes to interviews, look out for one coming with Minus Wells in December!

In terms of industry events, Polkadex COO and Co-Founder Deepansh S represented Polkadex in a Blockchained India Twitter space. Deepansh participated in a discussion based around the potential impact of the recent US infrastructure bill (and its crypto implications) on future cryptocurrency regulation in India and beyond.

The Polkadex ecosystem continues to grow with new and existing partnerships! The biggest news of the month came with exchange partner Gate.io’s listing of native PDEX. As of today, Gate.io supports ERC-20 and native PDEX deposits but only native PDEX withdrawals. Essentially, Gate.io is automatically migrating your PDEX for you. Game-changer.

In other November partnership news, Polkadex partnered with Subscan to integrate the Polkadex network into the leading Substrate blockchain explorer. This partnership will make it much easier to view and verify the Polkadex network’s on-chain data, look into specific transactions, and analyze account histories. The integration is undergoing final checks right now and should be live soon.

In the spirit of the season, we want to give thanks to all the members of the community for their continued support. The community’s support is the fuel that keeps the Polkadex engines running. Continued support means continued growth. Here’s how the Polkadex community has grown in November:

  • The Polkadex Twitter page grew by around 5% (close to 3,000 new followers) to reach 60,000 followers.We turned one year old on Twitter this November too! Between reaching 60,000 followers and turning one Twitter year old, we had to celebrate with a meme competition. Winners will be announced this week!
  • The Polkadex Discord server continues to become the main gathering place for validators and participants in the Polkadex network. It has grown by around 250 new members, bringing the total member count to 2,007.
  • The Polkadex official subreddit and YouTube channel grew by 8.6% and 6.8% respectively as each surpassed 1,300 subscribers or members.
  • There was also 7% increase in the amount of Polkadex followers on Linkedin and a 6% increase in the Polkadex Medium follower count.
  • The recently-launched Polkadex local Telegram communities in 5 different languages grew by 35%, with some surpassing the 1,000 member milestone.

It’s important for the Polkadex team to create and maintain the spaces that hold the Polkadex community together. It’s also important for Polkadex community members to connect with others in whichever format they prefer. If you feel that Polkadex’s presence is missing from any of the platforms you engage with other DeFi and Web3 enthusiasts on, let the team know!

It’s December already?! Here’s what’s coming in the last month of 2021 and beyond:

⚫️ Welcoming even more validators and nominators onto the Polkadex Mainnet

⚫️ All hands on deck for Polkadex Orderbook development work

⚫️ More PDEX exchange listings

We’re changing the DEX game one step at a time. If you don’t want to miss any exciting Polkadex news, follow the official Polkadex accounts below.

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