Cardano

Cardano DeFi Market Soars, DEX Volume Reaches $66.88 Million

May 29, 2023 1 min read

Cardano’s decentralized exchange (DEX) volume surged by 91% in the past week, reaching $66.88 million, according to data from DeFiLlama. The surge was driven by a significant uptick in activity on Cardano-based DEX platforms, particularly Minswap, which saw a weekly change of 99.72%. Minswap, the leading DEX on Cardano, accounted for the majority of the platform’s volume, with a 24-hour volume of $6.91 million and a seven-day volume of $60.52

Cardano Price Could Soar in the Coming Months, Says Hoskinson

May 29, 2023 2 mins read

In a recent video, Cardano founder Charles Hoskinson shared his vision for the future of the blockchain platform, claiming that it could climb to the top of the cryptocurrencies list soon. Hoskinson attributed his optimism to a number of factors, including the upcoming release of a number of major updates and proposals, as well as the platform’s ongoing efforts to measure and quantify decentralization. One of the most significant updates

Cardano’s DeFi Ecosystem Grows, Fueling Speculation for $1 ADA Price

May 22, 2023 2 mins read

Cardano is set to experience significant growth following notable developments within its network. Several key advancements were highlighted in the latest weekly development report released Friday, May 19. Hydra Upgrade In scaling efforts, the Hydra team achieved significant milestones with the release of the first mainnet-compatible Hydra node version. These advancements address critical issues that need resolution before integrating Hydra Head with real ADA, ensuring users’ smooth and secure experience.

Cardano’s Hydra Scaling Solution Goes Live

May 13, 2023 1 min read

On May 11, Cardano’s first Hydra node compatible with the mainnet was launched, ushering in a new era of scalability for the blockchain. According to developer Sebastian Nagel, the launch follows months of rigorous testing to ensure that the layer2 scaling solution is ready for prime time. The Hydra protocol aims to enhance the network’s scalability by increasing transaction speed through low latency and high throughput while minimizing transaction costs.

Cardano sees record transaction volume as BTC and ETH fees reach all-time highs

May 10, 2023 1 min read

Cardano (ADA) is emerging as the top blockchain in terms of daily transaction volume, taking the lead from Bitcoin (BTC) and Ethereum (ETH), which are currently facing skyrocketing network fees. According to data from the cryptocurrency monitoring and analytics platform Messari on May 9, Cardano recorded a massive $13.25 billion in 24-hour transaction volume, while Bitcoin came in second with $0.59 billion, followed by Ethereum with $3.03 billion. The surge

Cardano’s Hydra Scaling Protocol Finally Launched on Mainnet

May 4, 2023 1 min read

Input Output Hong Kong (IOHK), the company behind the Cardano protocol, has recently launched the first Hydra head on the blockchain’s mainnet, setting a new standard for scalability on the proof-of-stake (PoS) network. This development is considered one of the most important in the Cardano ecosystem for this year, as it is expected to support the adoption of the blockchain in areas where cheap and fast transactions are required. Hydra

Cardano ($ADA) Reports Impressive Growth: 1,227 Projects Being Built and 65 Million Transactions Processed

April 22, 2023 1 min read

Input Output Global (IOG) has released the weekly development report for the week ending on Friday, April 21, 2023, showcasing the latest statistics on the Cardano ($ADA) network. The report highlights the progress of various teams working on core technology, wallets and services, smart contracts, scaling, and governance. Among the updates, the Adrestia team released an update for Cardano-wallet with new endpoints for shared wallets and performance improvements. The Marlowe

Charles Hoskinson Addresses FUD Over Cardano’s Governance: What You Need to Know

March 17, 2023 1 min read

Charles Hoskinson, the founder of Cardano, recently addressed concerns about the network’s governance structure, reassuring ADA enthusiasts and users that development processes will be robust and transparent. In a March 16 video, Hoskinson responded to FUD (fear, uncertainty, and doubt) about CIP 1694, a new governance proposal set to usher in the age of Voltaire to Cardano. The Voltaire era of Cardano will be the fifth major phase of the

Coin Bureau Founder Bullish on Cardano ($ADA): Predicts Bright Future Ahead

February 22, 2023 1 min read

Coin Bureau founder Guy Turner recently shared his bullish outlook on Cardano ($ADA) during an interview on the CryptoBusy podcast. Turner acknowledged that while Cardano has its issues and detractors, it has made progress with its recent Vasil upgrade, and has a dedicated community which is crucial for the survival of any project. He also mentioned the scheduled upgrades, including the upcoming Hydra upgrade focused on scaling, as reasons for

Over 4,000 Cardano-based smart contracts have been developed

December 6, 2022 1 min read

In September 2021, the Cardano (ADA) blockchain underwent a substantial upgrade featuring the integration of smart contracts, thus enabling the network to operate more efficiently and at a greater capacity. Despite a decline in the coin’s price in 2022, the network’s development has advanced significantly. By December 4, the number of Plutus-based smart contracts that were operating on the Cardano blockchain had ballooned to 4,050, a 316% increase from the

Cardano parent company launches a privacy-focused blockchain and token on Cardano network

November 21, 2022 1 min read

Input Output Global Inc. (IOG), the company behind the Cardano blockchain, announced the launch of a new data-protection and privacy-centric blockchain and accompanying token on Friday at an event at Edinburgh University in Scotland. The blockchain, dubbed “Midnight,” is one of the Cardano sidechains that will offer zero-knowledge smart contracts, which will allow parties to complete transactions without disclosing any identifying data to each other. “Dust” will be the name

Cardano’s founder states that short-term events won’t stop the crypto revolution

November 10, 2022 1 min read

Cardano co-founder Charles Hoskinson recently took to Twitter to emphasize that short-term events will not derail the crypto revolution. Hoskinson went on to say that cryptocurrencies and blockchain technology are transforming the world. The CEO went on to say that today is Wednesday, and that there will be more Wednesdays to come. A GIF of a honey badger attempting to attack a king cobra is also included in the tweet.