Polkadot's price has been fluctuating this year due to the general cryptocurrency market's instability. Recently, the coin's value experienced a slight decline, but it has since gained positive momentum. However, the price has been trading sideways within the last 24 hours, indicating a bearish trend. The decline in demand for DOT may lead to greater volatility as traders adjust their positions. Despite this, the departure of Mythical Games from the Ethereum network to launch its new Mythos ecosystem on Polkadot is expected to benefit both ecosystems and drive massive adoption.

Arbitrum’s Chronos Reaches $217M TVL With Staking, Becomes 8th Largest DEX; Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains; Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials

Deloitte, one of the world’s largest accounting firms, is integrating the KILT blockchain, a Polkadot parachain focusing on decentralized identities and verifiable credentials, Polkadot announced on May 4.

Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.

Injective has managed to successfully incorporate Astar Network, through which it will be made possible for the Injective ecosystem, as well as the Cosmos community, to get effectively connected with Astar’s assets. In this way, two of the biggest networks get incorporated inside of the Polkadot and IBC universes and help in broadening IBC interoperability. This incorporation was achieved because of the recent incorporation of the Celer Network, which provides ASTR assets dotting over the cBridge. 

If you’re looking to invest in cryptocurrency this May, you may want to consider reading this blog to the end.

Fabian Vogelsteller, a core Ethereum Foundation member, has taken to Twitter to discredit the role of Cardano Founder, Charles Hoskinson, in building the Ethereum blockchain. Vogelsteller argued that Hoskinson was never really a founder of Ethereum and had built nothing for Ethereum that he was aware of, contrary to claims made by a Twitter user.

Binance has lifted certain restrictions on Russian users, according to local crypto media.

Polkadot, a network protocol that allows a multi-chain application environment, has been experiencing significant development activity in recent weeks. According to digital asset market intelligence platform Santiment, Polkadot topped the list of crypto networks with the highest development activity in terms of Github commits in the last 30 days, followed by Kusama and Cardano. Despite this, the price of Polkadot's $DOT altcoin has dropped by 7% compared to a week ago, largely following the overall macro-environment dynamics of the crypto market. In a recent development, game technology company Mythical Games has migrated its Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network. However, this move has not yet had a significant impact on the price of the Polkadot altcoin. (coingape)

MeWe, a social networking app with 20 million users, is adopting the Frequency blockchain, built on Polkadot, to bring self-sovereign blockchain-based identities to its users. The integration will allow MeWe's users to take control of their identity data and act as a foundation for controlling the data they have on social networks.