referendum new of Polkadot may affect holders want to stake in the network. Once the referendum is passed, the nomination for will require a higher nomination limit, implying that users have fewer tokens than can participate directly in the nomination pool.

Updates staking on Polkadot

The new proposal has received unanimous support to date and could have a significant impact on the staking status of . At the time of writing, the number of stakers on the platform has decreased by 0.07% after volatility over the past 30 days. The network has 21,846 stakers as of 11/18.

DOT
Number of stakers | Source: Staking Rewards

Furthermore, consistent updates around Polkadot's staking policy can attract more and more interest from stakers and lead to more stable growth.

On the other hand, Polkadot is expanding the technology in the current volatile market times. In the past 7 days, the network was ratings number one in terms of developer activity, outperforming a number of categories great.

DOT
The source: Polkadot Insider

In addition to the aforementioned information, the number of active accounts and new accounts also spiked in the past few days. Interest from new accounts could help Polkadot survive the ongoing bear market.

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Number of active addresses (red) and number of new addresses (gray) | Source: SUBSCAN

Despite the volatility covering the market, Polkadot shows fee growth. According to analytics site Token Terminal, the platform's revenue is higher than 65.1% in the past 7 days.

However, despite many positive developments, Polkadot's volume slipped from 714 million to 142.38 million. Along with that, the market capitalization also weakened.

Volume (gray) and market cap (red) | Source: Santiment

DOT works better than platform Polkadot?

The increasing volatility of the DOT is something that investors should be aware of. As can be seen from the image below, volatility jumped 123% over the past 30 days. However, this indicator's spike could be due to the current state of the market.

DOT volatility | Source: Messari

At the time of writing, DOT is trading at $5.56 after dropping 3% in the last 24 hours.

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