Main navigation

Cardano TVL "Will Fly" When These Conditions Are Met: Cardano Whale

News
Sat, 04/02/2022 - 15:53
article image
Arman Shirinyan
Cardano TVL and fundamental value are expected to increase in the next few months, with this project being released
Cardano TVL "Will Fly" When These Conditions Are Met: Cardano Whale
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News
Contents

The start of 2022 was one of the best periods in Cardano's history with the fundamental value of the network increasing exponentially with the blockchain gaining $200 million in TVL in a matter of weeks. Some large market participants expect Cardano's value as a network to rally even higher when new solutions and dApps drop.

The whale has described what the Cardano community should expect in the next three and six months as a couple of projects have already announced their solutions being released later in the year.

Cardano stablecoins

Cardano-based stablecoins are among the most important assets for any blockchain as stables are quite often used as a bridge between the fiat and crypto worlds. Previously, Tron network reported reaching $40 billion circulation for USDT (Tether) stablecoin based on the TRX network.

The release of a leading stablecoin solution on Cardano is expected to bring billions worth of funds to the network, which will put it in line with blockchains like Ethereum, Tron and Solana.

Wrapped assets

The wrapped versions of widely known assets like Bitcoin and Ethereum became extremely popular in 2021 with the rapid growth and development of the DeFi industry. Since Cardano is a relatively young player in the DeFi industry, wrapped assets are highly anticipated by its users as they allow cross-chain exposure to assets that are not based on, in this case, the Cardano network.

Related
Cowen CEO Says There’s High Demand for Crypto

Besides all of the abovementioned solutions, users will see such features as lending and synthetic assets, hardware wallet support and DEXes with limited impermanent loss. All of these features are already presented on the biggest networks, like Ethereum and Solana. The development of these features on Cardano will make blockchain-based solutions significantly more attractive.

article image
About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.