Cardano: Why Increase in Whale Transactions Should Be a Cause of Concern
Layer 1 coin Cardano [ADA] has seen a spike in large whale transactions in the past few days, data from Santiment revealed.
Cardano Smart Contracts Hit Record High, Positioning ADA for Resilience Against Market Turbulence
The number of smart contracts on Cardano is rising, with the latest on-chain data from Blockchain Insights showing that the figure was at 5,006 on February 2 and 4,000 as of December 3. It means the blockchain has added roughly a thousand more programs in under two months, pushing the value of its native token ADA upwards.
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.
Over 1.85M Cardano Stablecoin Djed Minted & 40K Burned in Less Than 2 Days After Launch
COTI Network, the official issuer of Cardano’s Djed stablecoin, has shared details about the progress of DJED. According to COTI, the ADA-backed stablecoin has received massive response and participation from cryptocurrency community members since it went live on mainnet.
Binance Will Temporarily Suspend Cardano Withdrawals and Deposits on 14th February
On the evening of February 14, 2023, Binance will temporarily suspend Cardano (ADA) deposits and withdrawals amid the upcoming Valentine’s Day update of the Cardano network, called SECP.
Cardano’s Djed Stablecoin Locks US$10 Mln in Reserves on Its First Day
Djed, a Cardano-based algorithmic stablecoin, has collected over US$10 million in its reserves in the first 24 hours since it was launched on Tuesday.
Cardano-Oriented GameFi Startup Joins Microsoft’s Web3 Program
Paima Studios, a Cardano and Milkomeda-focused GameFi project, will take part in a new Web3 initiative from Microsoft, it has been revealed. In particular, the studio will join the tech giant's startup program to help Japanese game developers and Web3 entrepreneurs deploy the Paima Engine in their applications.
Bitcoin Stays Above US$23,000; Cardano Leads Gains in Top 10 Cryptos
Bitcoin traded above US$23,000 throughout Wednesday afternoon trading in Asia, while Ethereum and other top 10 non-stablecoin cryptocurrencies were mixed. Cardano led gains with 2.03% followed by XRP’s 1.13%.
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.
Cardano-Based Djed Stablecoin Attracts 27M ADA Tokens as Reserve Backing
Cardano-based overcollateralized stablecoin Djed (DJED) has attracted over 27 million cardano (ADA) tokens as backing less than a day after launch, data shows.
