Polkadot (DOT): TVL is rising thanks to RWA momentum, will the price follow suit?

Polkadot (DOT) recorded a slight increase of 2% on Thursday, driven by an investment from Paraguay in the tokenization project Assunción Innovation Valley – a modern complex of hotels, universities, and data centers. On a technical and on-chain data level, the outlook for DOT remains positive as the price bounces back within a triangle pattern, while the total value locked (TVL) on parachains has surpassed 300 million USD.

Parachain TVL exceeds 300 million USD as the tokenization of shares from the Paraguay innovation center goes live on Polkadot

On Tuesday, Polkadot officially announced the plan to tokenize the Assunción Innovation Valley (AIV) 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), an asset tokenization platform (RWA) developed on Moonbeam.

Parachains are considered custom parallel chains in the Polkadot ecosystem, allowing for the expansion of features and interoperability. According to the plan, AIV will be divided into 130,000 digital shares, backed by 6 million USD. These share tokens not only enable investors to participate in voting but also provide rights to profit in accordance with 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% of the market share. As a result, the total TVL of the entire Polkadot Parachain system has exceeded 320 million USD, reflecting the increasingly strong appeal of this model.

TVL of Polkadot Parachain | Source: DeFiLlama## Polkadot maintains balance in the triangle model

On the daily frame, 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 threshold, the multi-chain cryptocurrency could continue towards the 200-day EMA at 4,318 USD – which is also the area close to the resistance line of the pattern.

A solid close above it will open up new growth potential, with the next target being 5,297 USD, coinciding with the R2 level.

Daily DOT/USDT Chart | Source: TradingViewThe RSI 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 opportunities for investors to capitalize on a breakout from the triangle pattern.

Conversely, if DOT loses the support line or breaks below the 3,689 USD bottom established on Monday, a bearish scenario will be triggered. In that case, Polkadot could revert to the 3,427 USD area – the bottom on August 2.

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