Cardano, a major player in the cryptocurrency space, recorded an impressive 2 million transactions in the month of May alone. This impressive figure coincides with a period of exponential growth in Cardano’s DeFi, which saw a leap of 180% in the total value locked (TVL), bringing the figure to a staggering $160 million. The top […]
Category Archives: Solana (SOL)
Bitcoin’s market is gearing up for a significant shift, according to trader and crypto analyst Gert van Lagen. In a tweet shared with his followers, van Lagen highlighted the formation of a “perfect head-and-shoulders bottom” below the weekly simple moving average (SMA) over the last 200 days. This pattern is typically seen as a bullish signal. […]
Ken Olling, founder and CEO of MELD, a decentralized protocol for lending and borrowing cryptocurrency, dismisses the rumor about leaving the Cardano (ADA) ecosystem and sheds light on next big milestones for his product. MELD lending protocol has no plans to leave Cardano (ADA) Decentralized finance protocol MELD is still building a product on top of Cardano […]
Multi-pool staking with rebalancing will be available for Cardanians as soon as this year. Users of the Atrium protocol are invited to lock ADA through smart contracts and enjoy rebalancing between the most successful staking pools. Single service, 50 Cardano (ADA) pools: What is Atrium? According to an official statement shared by the team of […]
Cardano founder Charles Hoskinson has thrown his hat into the increasingly frenzied discourse surrounding Bitcoin Ordinals, a fresh innovation in the cryptocurrency industry. The tech entrepreneur shared his perspective during a recent YouTube Q&A session, suggesting that Bitcoin Ordinals would be better off in the Cardano ecosystem. “We have a much better ecosystem,” the crypto luminary […]
Cardano, the popular blockchain platform, has seen a remarkable 91% surge in decentralized exchange (DEX) volume over the past week, according to data from DeFiLlama. Cardano’s DEX volume has reached $68.5 million. This surge has been driven by a significant uptick in activity on Cardano-based DEX platforms, particularly Minswap, which saw a weekly change of 99.72%. […]
In a stunning turn of events, meme coin SNEK has risen to become the second largest asset by capitalization in the Cardano ecosystem, according to TapTools. With a capitalization of 150 million ADA, equivalent to approximately $56 million, SNEK has swiftly taken down several long-established ecosystem tokens. Although the margin is still relatively small, its […]
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The cryptocurrency market is showing signs of subdued netflow, potentially hinting at impending volatility. A recent analysis from data analytics firm Glassnode revealed that the net realized profit/loss sent to exchanges has balanced out, demonstrating a marginal netflow of $420,000. Compared to the heights of the bull and bear market, when the net flow recorded peaks […]
Cardano, the third largest smart contract platform by market capitalization, has seen a significant rise in transaction fees, according to Messari data. On May 28, Cardano network transaction fees hit a record high of $15.2K, the highest since Aug. 11, 2022, indicating increased network activity and demand. Just a month prior, on May 1, the […]