Cointime

Download App
iOS & Android

Cardano's DEX Volume Surges by 60.6% in Seven Days, Hoskinson Suggests Hosting Bitcoin Ordinals

  • Wechat scan to share

The volume on Cardano's Decentralized Exchange (DEX) increased by 60.6% in the last seven days, reaching $66.88 million, with over $7.94 million coming in the last 24 hours alone. This surge in activity indicates growing liquidity and trading activity within the Proof-of-Stake (PoS) ecosystem. While Cardano DEXes primarily facilitate the trading of tokens built under the blockchain, lending protocols under the chain could also contribute to its Total Value Locked (TVL), which rose by 15.30% over the last week. Charles Hoskinson, Cardano's founder, suggested that the network could host Bitcoin Ordinals better, potentially expanding the range of assets that can be traded on its DEXs, but any integration of Bitcoin-related functionality on Cardano would require significant technical development and community consensus.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • U.S. strategic Bitcoin reserves may announce details in the coming weeks

    Trump signed an executive order in early March this year proposing to establish a national strategic reserve of Bitcoin and other tokens, and requested the Treasury Secretary to submit an evaluation report on the legality and feasibility of the plan within 60 days. With less than two weeks remaining until the 60-day deadline set by Trump's executive order, this means that more details about the US Bitcoin reserve will soon be disclosed. Market expectations for this may be one of the important catalysts for the recent rebound in cryptocurrency. In addition, any comments questioning the independence of the Federal Reserve have also had a positive spillover effect on Bitcoin.
  • BTC breaks through $88,000

    the market shows BTC breaking through $88,000, now reported at $88,059, a 24-hour increase of 4.25%, with significant market fluctuations, please manage risks.
  • The one-year and five-year LPRs remain unchanged.

    On April 21st, the People's Bank of China kept the one-year and five-year loan prime rates (LPR) unchanged at 3.1% and 3.6% respectively.
  • Market News: French Finance Minister says if Fed Chairman Powell is fired by Trump, the dollar will lose credibility

    French Finance Minister Eric Lombard warned that if Trump dismisses Federal Reserve Chairman Jerome Powell, it will endanger the credibility of the dollar and disrupt the stability of the U.S. economy as the bond market develops. Eric Lombard added that the result of Powell's dismissal would be higher debt repayment costs and severe confusion in the national economy, consequences that will eventually force the United States to negotiate to end the tension.
  • USD/CNH breaks through 7.3000 yuan mark

    US dollar against the offshore RMB just broke through the 7.3000 yuan mark, with the latest report of 7.2999 yuan, up 0.03% on the day; the US dollar against the onshore RMB is now reported at 7.2990 yuan, up 0.01% on the day.
  • Spot gold breaks through $3,330/ounce, setting a new record high

    spot gold continued to rise, breaking through $3330 per ounce, hitting a new historical high, rebounding about $100 from the daily low, and rising more than 3% within the day.
  • Spot gold breaks through $3,320/ounce, setting a new record high

    spot gold broke through $3320 per ounce, hitting a new all-time high and rising 2.9% intraday.
  • BTC breaks through $85,000

    the market shows BTC breaking through $85,000, now trading at $85,022, with a 24-hour decrease narrowed to 0.41%. The market fluctuates greatly, so please be prepared for risk control.
  • Grayscale transfers 6,576 ETH to Coinbase Prime hot wallet address

    according to Arkham monitoring data, Grayscale transferred a total of 6576 ETH worth $10.38 million to Coinbase Prime's hot wallet address seven minutes ago.
  • DWF Labs spends $25 million to buy WLFI tokens

    DWF Labs posted on social media platform that they have established a new office in New York and strategically purchased 25 million US dollars worth of WLFI tokens.