Cardano Blockchain Nears Max Capacity at 94% Load: What to Expect and How to Scale
The Cardano blockchain ecosystem and decentralized platform have been experiencing a high percentage of load pressure, which has raised concerns from the blockchain community. Additionally, the native token ADA has struggled to record significant gains in the cryptocurrency markets. A recent report by the co-founder of dcSpark and Cardano contributor, Sebastien Guillemot, highlighted that the Cardano blockchain network is currently at a 94% load, with only 6% left until it reaches max capacity. This could result in longer wait times for transactions and even user transactions not making it to the blockchain. Guillemot suggested several ways to scale the blockchain and reduce load pressure, including increasing block sizes and migrating more decentralized applications to Plutus V2.
Cardano DeFi Activity Soars Despite Market Dip Due to Meme Coin Hype
Despite Cardano's negative price trend in line with other cryptocurrencies, the network's decentralized finance (DeFi) applications have experienced a surge in transactions, reaching 250,000 per epoch, up from 160,000 during the previous epoch. The increase is attributed to the hype around two new meme cryptocurrencies, Snek and Pepeblue, on the Cardano network. The best-performing crypto exchanges and liquidity protocols on the Cardano blockchain, including Sundaeswap, Minswap, MuesliSwap, Wingriders, and Liqwid Finance, have all reported significant increases in activity. However, the surge in network activity has not yet pushed the ADA token price upwards, which is currently trading at $0.37.
Cardano (ADA) Founder Says: “I’d Rather Be a Crypto Guy Than a Banker Right Now”
Charles Hoskinson, the founder of Cardano (ADA), has warned of the potential for another financial crisis similar to the 2008 crisis as US banks continue to collapse this year. In an interview with Fox Business, Hoskinson explained that the traditional banking model is becoming outdated, while cryptocurrencies have demonstrated resilience in the face of challenging macroeconomic conditions. He highlighted that the combined assets of banks that have failed so far in 2023 amount to $540 billion, compared to $373 billion during the 2008 crisis. Hoskinson argued that the banking business model is crumbling and expressed concerns that the "too big to fail" mentality could lead to even larger financial institutions. He also criticized the US for lagging behind other regions in implementing reasonable cryptocurrency regulations, warning that the US risks losing crypto companies to other countries with more favorable regulatory environments.
Cardano Primed for Meteoric Surge as First Hydra Head Opens on Mainnet
The Cardano blockchain is primed for a meteoric surge following the launch of its first Hydra head on the mainnet. The Hydra protocol is a scaling solution for the Cardano network that is designed to enable faster and more efficient transactions, while also reducing network congestion and improving user experience.
Crypto Evening Briefing: White House to Build International Standards for DLT
The United States White House has released a national standards strategy for key and emerging technologies, which includes distributed ledger technology (DLT) and digital identity infrastructure.
Adaverse Announces 2023 Vision to Support Cardano Ecosystem Startups in Africa and Southeast Asia
Adaverse seeks to invest in startups between Seed and Series A with an MVP and ideally, revenue, with ticket sizes typically ranging between $100k and $300k.
Cardano TVL Climbs By 10% In A Day
Cardano's TVL (Total Value Locked) has been consistently increasing over the last six months, with a seven-day moving average of $154 million, a level not seen since May 2022. The cryptocurrency's TVL has been on a consistent upward trajectory, with recent growth of over 9% in just 24 hours, according to DeFiLlama's. The Plutus team has been developing new built-ins to support BLS12-381 curves, and the upcoming Hydra 0.10.0 mainnet release could have a significant impact on the entire ecosystem, suggesting that Cardano's growth on the development front is likely to continue. Despite recent declines in price and the number of token holders, Cardano's growing network usage and popularity among whales are positive indicators for the cryptocurrency's future.
Cardano’s Midnight Project: Blockchain Expert Anthony Day Ushers in New Era of Data Protection
Blockchain technology firm Input Output Global (IOG), one of the builders behind the Cardano (ADA) blockchain, announced that Anthony Day, former blockchain leader at Deloitte, is set to spearhead the go-to-market strategy for their latest initiative, the Midnight project.
Cardano’s Transaction Volume Sees Huge Upsurge Amid Price Fluctuations: ADA Network In Bullish Outlook
Cardano’s transaction volume surges to new highs not recorded in past months as the wider market also witnesses improved activity. ADA’s price plunged further after losing its stance going below the $0.4 mark in May, trading at $0.38.
Popular Bitcoin Early Investor Ready to Sell Cardano (ADA) for Shiba Inu (SHIB)
As per the short clip <a href="https://twitter.com/BezosCrypto/status/1652687154869567496?s=20" target="_blank">shared</a> on April end, DaVinci Jeremie, the early Bitcoin proponent and investor noted that he is willing to dump the native token of the popular smart contract platform Cardano to accumulate more SHIB and DOGE tokens.
Cardano Price Prediction is Bearish - Prepare for $0.05 ADA as Greener Alternative Ecoterra Pumps
Bears often point to Cardano’s still very low trade value locked (TVL) within its Decentralized Finance (DeFi) ecosystem and refer to its as a “ghost chain” given its low daily transaction count.
Coinbase Describes Cardano (ADA) as Heterogeneous Crypto Network
Coinbase, one of the world’s leading cryptocurrency exchanges, recently mentioned Cardano as a “heterogeneous crypto network” in a job opening that has stirred up speculation among crypto enthusiasts.
Coinbase Includes Cardano in Job Description for Staff Blockchain Engineer
Coinbase has listed Cardano (ADA) as one of the "heterogeneous cryptocurrency networks" in a job opening for a Staff Blockchain Engineer, causing excitement among investors. The job listing says that Coinbase Wallet-as-a-Service (WaaS) will enable developers to interact with networks like Bitcoin, Ethereum, and Cardano in a secure way. Cardano's blockchain is known for its scalability, security, and sustainability, and its unique Proof-of-Stake consensus mechanism has made it popular among investors and developers.
Cardano vs Ethereum: The One Currency To Rule Them All
As the world becomes increasingly digitised, blockchain technology has emerged as a game-changer, enabling decentralised transactions that are fast, secure, and transparent.
Top 5 Cryptocurrency Picks to Invest in for May 2023
If you’re looking to invest in cryptocurrency this May, you may want to consider reading this blog to the end.
Cardano Founder’s Role in Ethereum Discounted by Foundation Member
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.
Cardano’s Strides Towards Future: IOG’s Progress and Impressive Network Statistics
The latest update on Cardano’s ($ADA) network statistics is out, highlighting positive progress made by the platform.
Transactions on Cardano Network Soar Despite Suppressed Prices
Cardano's transaction volume has surged despite a turbulent start to the year for its native cryptocurrency, ADA. The transaction volume has been steadily increasing this year and has remained stable despite price fluctuations.
Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday
Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.
Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?
Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions.
