Cardano ($ADA) TVL Up Over 82% Since Start of 2023 As Cardano DeFi Grows in Popularity
On Thursday (March 16), a popular pseudonymous $ADA whale commented on the growing importance and popularity of Cardano’s DeFi ecosystem.
Cardano Blockchain Releases Update to Enhance Network Communication
Cardano blockchain released its new node version v.1.35.6, which comes with functionality called Dynamic peer-to-peer (P2P) networking.
Cardano [ADA]: This Metric Could Bring About a Change in Fortune
Though the Valentine upgrade was rolled out with much optimism, Cardano [ADA] has failed to capitalize on the opportunity. According to CoinMarketCap, ADA dropped significantly over the previous week, plunging 13%, at the time of writing.
Cardano-Based Djed Stablecoin Attracts Over 30M ADA in the First Week Since Launch
Roughly over a week since launch, the Cardano-based over-collateralized stablecoin Djed has attracted over 30 million ADA tokens as backing.
Cardano Shows Bearishness in Short-Term, but Reversal Was Possible at…
Cardano released the weekly development update on 10 February. It highlighted some notable statistics but did not shore up buyer confidence in the short term. Instead, the price retested $0.37 as resistance before another move downward.
Cardano Upgrade Aims to Improve Cross-Chain Features as On-Chain DeFi Crosses $100M TVL
An upcoming upgrade on Cardano will make enhancements to cross-chain functionality for decentralized finance applications (dapps) building on the network, developers tweeted Thursday.
On-chain Activity Shows Cardano Ready For 30% Plus Bullish Move
Cardano (ADA) is seeing a massive uptick in whale activity, as whale transactions worth $100K+ have drastically increased since January 30, with up to 36 more addresses holding between 1 million and 100 million tokens added to the network since the beginning of this year.
Cardano DeFi TVL Rises More Than 100% In One Month
DeFi protocols in Cardano, a proof-of-stake smart contracting platform, have locked over $100 million in user assets as of February 7.
Cardano Reaches 5,000 Smart Contracts on Its Network
The Cardano (ADA) network underwent a substantial upgrade in September 2021, incorporating smart contract functionality and enabling the blockchain to process transactions more efficiently and at a faster pace. Despite a decline in the price of Cardano in 2022, the network’s development continued to grow through 2023.
Cardano Stablecoin Djed TVL Hits $10M in 24 Hours, ADA Up 4%
The total value of assets locked (TVL) on Cardano-based overcollateralized stablecoin Djed crossed $10 million during the first 24 hours of its launch, according to DeFillama data.
