Parachains are now producing blocks on Polkadot

The onboarding process for Polkadot’s first batch of five auction-winning parachains began with the start of a lease period of 96 weeks on Dec 17th. All five parachains have successfully onboarded to the network and are producing blocks.
Source: Dotmarketcap

The winning parachains from Polkadot’s first batch of auctions were Acala, Moonbeam, Astar, Parallel Finance, and Clover. After building an impressive level of community support through crowdloans, they raised close to a total of 100M DOT locked ($2,354,936,040).

With just over five years in existence, Polkadot stands among the top 10 cryptocurrencies in terms of market cap. The ecosystem intends to grow its current slot allocation of 5 to 100 parachain slots—the maximum capacity for the Polkadot Relay Chain. 

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