Polkadot (DOT) recorded a slight increase of 2% on Thursday, driven by Paraguay's investment in the tokenization of Assunción Innovation Valley – a modern complex including hotels, universities, and data centers. From a technical perspective and on-chain data, DOT's outlook remains positive as the price bounces back within the triangle pattern, while total value locked (TVL) across parachains has exceeded 300 million USD.
Parachain TVL exceeds 300 million USD as the tokenization of shares in Paraguay's innovation center moves to Polkadot
On Tuesday, Polkadot officially announced the plan to tokenize the Assunción Innovation Valley (AIV) center in Paraguay, marking an important step in applying blockchain to real estate and investment. The project is being implemented through a collaboration between Moonbeam – a parachain on Polkadot – and Better Use Blockchain (BuB), a platform for tokenizing real-world assets (RWA) developed on Moonbeam.
Parachains are considered custom parallel chains within the Polkadot ecosystem, allowing for expanded functionality and interoperability. According to plans, AIV will be divided into 130,000 digitized shares, backed by 6 million USD. These share tokens not only allow investors to participate in voting but also provide the right to profit under legal frameworks in Paraguay.
Data from DeFiLlama shows that Moonbeam currently has a TVL of 8.42 million USD, while Hydration is leading the parachain ecosystem with 287.27 million USD, accounting for nearly 90% market share. As a result, the total TVL of the entire Polkadot Parachain ecosystem has exceeded the 320 million USD mark, reflecting the growing appeal of this model.
Polkadot maintains balance in a triangle pattern
On the daily chart, Polkadot (DOT) is recovering in a symmetrical triangle pattern, currently testing the 50-day exponential moving average (EMA) at 3.928 USD. If it surpasses this level, the multi-chain cryptocurrency could continue towards the 200-day EMA at 4.318 USD – which is also close to the resistance line of the pattern.
A strong close above it will open up new growth potential, with the next target being 5.297 USD, coinciding with the R2 mark.
The RSI index is currently at 49, hovering just below the neutral level and trending upwards. A breakout above the 50 level will signal a restart of upward momentum, while also creating an opportunity for investors to anticipate a breakout from the triangle pattern.
Conversely, if DOT loses the support line or breaks below the 3.689 USD level established on Monday, a bearish scenario will be triggered. In that case, Polkadot could return to the 3.427 USD level – the low on August 2.