Cardano (ADA) exited the month of November with its total market capitalization and its blockchain\u2019s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market.<\/p>\n
According to data from CoinMarketCap<\/a>, when last month ended, ADA\u2019s overall valuation was at $10.7 billion, 23% lower than the $13.9 billion market cap it had towards the end of October. On a yearly basis, the crypto asset witnessed 69% decline in this category.<\/p>\n In terms of TVL, the Cardano network tallied<\/a> a total of $58.8 million in November 30. The value was lower by 16% from what was registered by the blockchain 30 days prior. Currently, the network made a slight recovery as its TVL as of press time was $59.69 million.<\/p>\n Meanwhile, according to tracking from Coingecko<\/a>, at the time of this writing, ADA was changing hands at $0.3219, relishing an increase of 2.4% over the last seven days. <\/p>\n If ADA can maintain this consistency, it won\u2019t be a surprised that it will have a merry Yuletide season.<\/p>\n It currently ranks 9th among all cryptocurrencies courtesy of its overall valuation which stands at $11.27 billion.<\/p>\n Santiment recently shared via Twitter that the ADA network topped other crypto assets with regards to development activity<\/a> numbers last month.<\/p>\n At the close of November, the blockchain scored 572.67 in this particular department, being 18% higher than the two projects (Polkadot and Kusama) that tied in second place with a score of 486.13.<\/p>\n The peak of Cardano\u2019s network activity came on November 21 shortly after the announcement for the release of the blockchain\u2019s algorithmic stablecoin<\/a>, Djed, was announced. Notably, after the development was made public, ADA\u2019s numbers went up by 22% until November 30.<\/p>\n Another factor powering the DeFi project\u2019s activity numbers is the fact that as of December 1, the asset remains the top token with the highest staked ratio, registering a tally of 71.17%.<\/p>\n However, even at pole position, the network only offers 3.43% staking rewards, significantly lower than that of tokens like ATOM that has lower staked ratio. Cosmos\u2019s staking rewards was at 19.25.<\/p>\n Despite the current struggles of its native crypto, ADA, in climbing to higher trading prices, Cardano is undeniably the top performer in the crypto performance metrics<\/a>.<\/p>\n Given the way bad the crypto asset was hurt by the sudden implosion of FTX, only few industry analysts were able to see this development coming.<\/p>\n In fact, some of them believe that the project has positioned itself to be considered as the most developed among all crypto assets.<\/p>\n With over 570 projects on GitHub over the past month, ADA became the de facto most actively developed crypto token at the time of this writing.<\/p>\n\n ADA total market cap at $11 billion on the weekend chart | Featured image from TronWeekly, Chart: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Cardano (ADA) exited the month of November with its total market capitalization and its blockchain\u2019s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market.<\/p>\n According to data from CoinMarketCap<\/a>, when last month ended, ADA\u2019s overall valuation was at $10.7 billion, 23% lower than the $13.9 billion market cap it had towards the end of October. On a yearly basis, the crypto asset witnessed 69% decline in this category.<\/p>\n In terms of TVL, the Cardano network tallied<\/a> a total of $58.8 million in November 30. The value was lower by 16% from what was registered by the blockchain 30 days prior. Currently, the network made a slight recovery as its TVL as of press time was $59.69 million.<\/p>\n Meanwhile, according to tracking from Coingecko<\/a>, at the time of this writing, ADA was changing hands at $0.3219, relishing an increase of 2.4% over the last seven days. <\/p>\n If ADA can maintain this consistency, it won\u2019t be a surprised that it will have a merry Yuletide season.<\/p>\n It currently ranks 9th among all cryptocurrencies courtesy of its overall valuation which stands at $11.27 billion.<\/p>\n Santiment recently shared via Twitter that the ADA network topped other crypto assets with regards to development activity<\/a> numbers last month.<\/p>\n At the close of November, the blockchain scored 572.67 in this particular department, being 18% higher than the two projects (Polkadot and Kusama) that tied in second place with a score of 486.13.<\/p>\n The peak of Cardano\u2019s network activity came on November 21 shortly after the announcement for the release of the blockchain\u2019s algorithmic stablecoin<\/a>, Djed, was announced. Notably, after the development was made public, ADA\u2019s numbers went up by 22% until November 30.<\/p>\n Another factor powering the DeFi project\u2019s activity numbers is the fact that as of December 1, the asset remains the top token with the highest staked ratio, registering a tally of 71.17%.<\/p>\n However, even at pole position, the network only offers 3.43% staking rewards, significantly lower than that of tokens like ATOM that has lower staked ratio. Cosmos\u2019s staking rewards was at 19.25.<\/p>\n Despite the current struggles of its native crypto, ADA, in climbing to higher trading prices, Cardano is undeniably the top performer in the crypto performance metrics<\/a>.<\/p>\n Given the way bad the crypto asset was hurt by the sudden implosion of FTX, only few industry analysts were able to see this development coming.<\/p>\n In fact, some of them believe that the project has positioned itself to be considered as the most developed among all crypto assets.<\/p>\n With over 570 projects on GitHub over the past month, ADA became the de facto most actively developed crypto token at the time of this writing.<\/p>\nCardano Network Leads In Development Activity<\/h2>\n
The Current Star Of The Moment<\/h2>\n
Cardano Network Leads In Development Activity<\/h2>\n
The Current Star Of The Moment<\/h2>\n