Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL.
The new Cardano Foundation-backed mobile wallet is interoperable with other blockchains and also prioritizes asset security and user privacy.
Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future.
Hoskinson says his new clinic will accept ADA from customers, as a payment method for the medical services they receive.
The Vasil hard fork is expected to bolster the network’s scalability and overall usability, and there are high expectations for its ADA token as well.
Strong surge in the DeFi activity and the development activity on the Cardano blockchain has further supported a rally in the ADA price.
The Cardano blockchain network hits a major milestone with smart contract implementation on its platform which will unlock major opportunities for DeFi applications.
The Alonzo fork is a change to the existing protocol using Haskell, the functional programming language. It allows the development, and execution of smart contracts on Cardano using Plutus scripts.
Charles Hoskinson, the founder of Cardano, believes that the best is yet to come for the ADA community citing the much-anticipated Alonzo Testnet as a vital tool that will set the growth of ADA on a bullish path.
The Proof-of-Stake Cardano surged 18% today smashing past $2 for the first time and hitting its new all-time high. Cardano co-founder Charles Hoskinson said it is 1.6 million times more energy-efficient than Bitcoin.