Polkadot and its canary network Kusama have rallied ahead of the second round of parachain auctions, which go live later today.
Many Layer 1 blockchains soared in August, and now Polkadot is stealing the limelight.
Both Polkadot and Kusama, the two cornerstones of the Polkadot ecosystem, have put in significant gains ahead of the second round of parachain auctions. The DOT token has recovered from recent lows of $23.90 last week, rallying more than 25%. Kusama’s KSM token has done even better, soaring 50% over the past week before cooling off. They’re two of the crypto market’s biggest gainers of the last 24 hours, rising 16.4% and 28.4% respectively.