Tag: Cardano News

Cardano's IOHK shares its weekly development update about a big upgrade awaiting the Cardano wallet, stating, "The Adrestia team prepared a big update for the Cardano-wallet, including the introduction of a 'Light' mode, addition of token minting and burning, fee minimization." Read Also: Cardano Broadcasts New Collaboration to Promote Interoperability; Here's What to Know https://twitter.com/InputOutputHK/status/1507434144544006151 Token burning in this context means burning native tokens minted on the Cardano blockchain and not the ADA coin. IOHK also said that the node and consensus teams prepped Ouroboros for the Vasil hard fork upcoming in June. It also mentioned a critical parameter change that took place last week, in which block size was increased from 80...

Cardano-based stablecoins were long-awaited by a community interested in the ecosystem since this type of asset is the cornerstone of any blockchain-based ecosystem that acts as a bridge between fiat and digital assets. Read Also: Cardano Plunge into "Historical Buying" Zone as ADA Price Sloughs 7% in a Week: Details As the crypto ecosystem builder co-founder Sebastien Guillemot noted, the recently released DeFi platform Wingriders is offering $7 million USD-based stablecoins. According to the developer, anyone can wrap their USDC/USDT in Cardano by using only two bridges: Nomadxyz and Milkomeda. Both projects that allow usage of stablecoins on Cardano are open to any user. https://twitter.com/SebastienGllmt/status/1520006275928838145 Some Cardano en...

As stated by the recent tweets shared by IOHK, Cardano now has over 917 projects building on it. In the Twitter post, IOHK predicts that this is just a fraction of what is to come while asking the question of when Cardano projects will reach the 1,000 mark as the Vasil June hard fork approaches. Read Also: Cardano Plunge into "Historical Buying" Zone as ADA Price Sloughs 7% in a Week: Details https://twitter.com/InputOutputHK/status/1519770941072543747 Cardano addresses have recently surpassed the 3.6 million count, according to Messari on-chain data. According to Cardano blockchain analytics, there are already over 4.5 million native tokens, over 5,000 unique tokens (NFTs), and over 900 projects based on Cardano. This might propose the overall development and adoption of...

As stated by the most recent Cardano community discussion and details from the IOHK report on Vasil hardfork, decentralized applications built on the Cardano network will not see all features and developments right away. Certainly, it will take weeks or even months until Cardano-based dApps update. Read Also: Cardano Broadcasts New Collaboration to Promote Interoperability; Here's What to Know https://twitter.com/Reddspark1/status/1519571192486711300 Why will Vasil's new features be implemented with a delay? The reconsideration of the Plutus script's logic, submitting to a new blockchain and other advantages we have described in the most recent Vasil-related article will most likely reach specific decentralized apps with a delay. The principal reason is tied to the compli...

As shared by Tim Harrison, IOHK's vice president of community and ecosystem, Cardano's parent company IOHK and Wanchain are collaborating on enabling interoperability between the Cardano mainnet, Cardano sidechains, and other blockchain networks. Here, Wanchain will become an EVM-compatible sidechain to Cardano. Read Also: Bitcoin Tribalism Holds the Entire Crypto Market Back Says Ripple CEO https://twitter.com/wanchain_org/status/1519288486863454209 according to the blog post, both teams, IOHK and Wanchain, will work together to deploy directional cross-chain bridges that will connect Cardano to other Layer 1 blockchains. Wanchain bridge nodes will also be updated to peg the Wanchain and Cardano networks, making Cardano's cross-chain bridges and transactions even safer. Mor...

The held count on Cardano has recently exceeded 3.6 million wallets as the price of the underlying coin reached March's bottom of $0.8, according to Messari on-chain and market data aggregator. The rising number of Cardano holders suggests the total growth of the network despite the questionable market performance of ADA cryptocurrency. The divergence between market and fundamental factors may be a reassuring factor for long-term holders of Cardano as the market performance of the asset does catch up with the development of the project. Read Also: Cardano's IOHK Shares Growth Updates with New Integrations Reached: Details Currently, addresses holding around 100 ADA are the biggest representatives of the network, while only 3,042 holders have more than 1 mi...

Cardano's parent company, IOHK, has shared information about the most important updates to the Cardano ecosystem, including listings, mainnet launches, migrations, partnerships, and more. Read Also: Cardano Plunge into "Historical Buying" Zone as ADA Price Sloughs 7% in a Week: Details https://twitter.com/InputOutputHK/status/1518886332172537856 A long thread included information about many projects concentrated on improving a series of solutions.  In the past week, IagonOfficial, a cloud computing platform, announced its migration to Cardano. Following the move, IagonOfficial has over 50% of its token supply bridged from Ethereum. Cardano's first NFT loan platform, Lending Pond, also went live on mainnet. The platform allows the use of Cardano NFTs to ge...

As on-chain and market data provided by Santiment suggest, Cardano and other altcoins have entered a historical ''buying opportunity'' zone, according to MVRV Divergence. During increased volatility in the crypto market, when retail traders mostly follow the general trends on the market, some assets become extremely overbought, while others remain oversold. Read Also: Ripple vs SEC: Resolution Probably to Come in 2023 As Stated by Ripple’s Stuart Alderoty https://twitter.com/santimentfeed/status/1517612711370133504 As stated by the chart provided, Cardano has reached a point where ADA prices historically rise per the 30-day MVRV divergence. Santiment reports that Cardano's average trading returns in the 30-day mid-term interval have fallen below -15%, suggesting overs...

The creator of the Cardano ecosystem and founder of IOHK, Charles Hoskinson, shared his positive forecast for the Cardano ecosystem as it gained approximately 100,000 new addresses this month alone, according to his official Twitter post. Read Also: Cardano-Based Decentralized Project Faces 8,000% Rise in TVL in Last 7 Days Why is Cardano growing so fast? One of the most popular developers in the firm looks forward to seeing the growth of the ecosystem, particularly after the release of smart contracts technology, which has already attracted more than $300 million in users’ funds. https://twitter.com/IOHK_Charles/status/1516097510380433409 According to the release of the technology, only a couple of projects, including SundaeSwap and Minswap, successfu...