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Cardano's IOHK Gives a Recap of Enormous Progress Made So Far in 2022

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Wed, 01/19/2022 - 14:02
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Tomiwabold Olajide
IOHK highlights eight major announcements
Cardano's IOHK Gives a Recap of Enormous Progress Made So Far in 2022
Cover image via stock.adobe.com

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IOHK, Cardano's parent company, gives a recap of the enormous progress it has made so far in 2022. In a thread of tweets, IOHK highlights eight major announcements from projects building on Cardano in the last 10 days.

These include SundaeSwap launch, QuickMint testnet launch, Astarter beta version event, Cardano light wallet available on the Android Play Store, VyFinance token staking launch, Beta testing version of Byron Wallet, GADA's partnership with GeroWallet and COTI network's partnership with DOEX.

First, SundaeSwap recently announced its beta launch slated for Jan. 20. SundaeSwap labs announced in a tweet: ''SundaeSwap and the ISO will be launching on the evening of Thursday, Jan. 20.''

QuickMint, a Cardano-based NFT platform, earlier shared the news about its planned testnet launch on Jan. 19. The platform hopes to implement its NamiWallet integration sometime later in the week, it says.

Astarter recently announced its open beta version event. Astarter is a DeFi infrastructure hub on Cardano, powering decentralized finance applications and the Cardano ecosystem.

The fourth announcement concerns Cardano light wallet, with CCVault v1.3.9 now available in the Android Play Store. In fresh advancements to Cardano's mobile wallet, ByronDex developed a beta testing version of Byron Wallet. The Byron Network represents a set of dApps on the Cardano blockchain.

The VyFinance team launched token staking on Jan. 14. VyFinance is a DeFi protocol bringing Neural Net AutoHarvesting and Hedge Fund Staking to Cardano.

Three days before this date, GADA announced its strategic partnership with GeroWallet, Cardano's first all-in-one DeFi wallet. GADA is the first permissionless and community-governed launchpad for Cardano-based projects and ideas. GeroWallet's partnership will be crucial for the democratization of fundraising on Cardano, it says.

Another major announcement is that of COTI network's first partnership of 2022 with the DOEX platform. DOEX is a next-generation decentralized exchange for assets that are native to the Cardano blockchain, aiming to be a one stop shop for DeFi services.

U.Today earlier reported on Cardano's scaling plans and the large number of projects currently building on the Cardano network: 199. ADA is trading at $1.43 at press time.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.