Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Cardano network is experiencing fundamental growth. The number of native assets has crossed the eight million mark and is currently 8,027,363, according to the pool.pm data. These were minted across 70,901 policies. Also, the number of NFTs is at 7,511,799, according to the same data source.
Cardano NFT trading activity is also growing. According to data from Cryptoslam, Cardano-based NFT sales rose 34.92% over the last 24 hours to $536,047. The total number of ADA wallets crossed the four million mark on March 21, according to Cardano Blockchain insights.
The number of projects building on Cardano is 1,213, with 118 projects launched, while the total number of transactions on the network has risen to 63 million.
ADA-denominated value locked in the Cardano DeFi has reached new highs of 405.63 million, according to data from DeFiLlama. In dollar terms, the total value locked in Cardano DeFi is $150.96 million (staking included), reflecting an increase of 11.20% in the last 24 hours.
Tomiwabold OlajideOverall, this reflects significant inflows into the Cardano DeFi ecosystem. Also, the number of dApps contributing to Cardano's TVL has increased from below 10 to 17.
At the time of writing, ADA was up 8.47% in the last 24 hours to $0.38.
In the past week, Cardano unveiled a new network upgrade that includes Dynamic Peer-to-Peer (P2P) networking. Network participants can now test automatic node communication to ensure a smooth rollout of Dynamic P2P functionality.
Dan Burgin
Alex Dovbnya
Vladislav Sopov