Polkadot (CRYPTO:DOT) has experienced a sharp decline in network activity across its Relay Chain and parachains in June, marking the lowest levels seen this year.

The drop in active addresses on the Relay Chain and new demand signals a 15% and 22% month-over-month decrease, respectively.

Despite this, Polkadot's parachains saw a 10% increase in monthly transfers, contrasting with overall user decline.

This decreased user engagement has contributed to a 15% drop in DOT's value over the past month, exacerbated by broader market downturns.

With Polkadot's RSI indicating selling pressure and a potential further decline to $5.36, the altcoin faces uncertain market sentiment amidst reduced network activity.