Cardano (ADA) was at the peak of its performance in 2022, boasting an all-time high Total Value Locked of over $400. However, since then, the cryptocurrency\u2019s value has fluctuated.\u00a0<\/p>\n
But recent data<\/a> from Artemis shows that Cardano\u2019s TVL has been consistently increasing over the last six months.\u00a0<\/p>\n The seven-day moving average of $154 million is a level not seen since May 2022. With this growth rate, many are wondering if Cardano will have what it takes to reach its previous all-time high TVL.<\/p>\n Over the last six months, $ADA<\/a> TVL has consistently increased.<\/p>\n Currently, the seven-day moving average sits at $154m, a number that has not been seen since May 2022. pic.twitter.com\/wkbYoAddQb<\/a><\/p>\n \u2014 Artemis (@Artemis__xyz) May 3, 2023<\/a><\/p>\n Cardano\u2019s TVL has been on a consistent upward trajectory, with a recent surge of over 9% in just 24 hours, according to DeFiLlama\u2019s<\/a>.\u00a0<\/p>\n\n Meanwhile, a tweet<\/a> from Input Output Global highlighted the blockchain\u2019s impressive performance in April, with the Hydra team gearing up for the upcoming 0.10.0 mainnet release.\u00a0<\/p>\n As Cardano continues to prioritize scalability, this new release could have a significant impact on the entire ecosystem.<\/p>\n 1\/ The weekly development update is released every Friday on #EssentialCardano<\/a>. This thread recaps the main highlights from the previous month.<\/p>\n Discover how many projects launched on #Cardano<\/a> in April, the growth of native tokens, token policies, transactions, & scripts. pic.twitter.com\/dW6xXXUw3r<\/a><\/p>\n \u2014 Input Output (@InputOutputHK) May 2, 2023<\/a><\/p>\n Additionally, the Plutus team has been developing new built-ins to support BLS12-381 curves, which are expected to be available in Plutus v3. <\/p>\n These developments suggest that Cardano\u2019s growth on the development front is likely to continue, which could lead to further TVL growth in the future.<\/p>\n Cardano\u2019s current price on Coingecko<\/a> is recorded as $0.391593. Although it experienced a 1.1% slump in the past 24 hours and a 4.4% decrease in the past seven days, recent data indicates increased network usage.\u00a0<\/p>\n The number of daily active addresses spiked recently, and the staking market cap of Cardano was recorded as $9,037,199,931. The number of ADA stakers remained relatively stable despite the slump in price.<\/p>\n However, the number of token holders has declined, reflecting a dent in investor confidence. On the other hand, the popularity of ADA among whales is high, which is evident from the consistent number of whale transaction counts.\u00a0<\/p>\n Despite the recent decline in price, Cardano\u2019s growing network usage and popularity among whales could be indicative of a bullish outlook for the cryptocurrency in the future.<\/p>\n Cardano Outlook<\/strong><\/p>\n Despite the recent price slump and decline in the number of token holders, Cardano has shown positive signs with its increased daily active addresses and staking market cap.\u00a0<\/p>\n The network\u2019s efforts towards scalability and development, such as the upcoming Hydra 0.10.0 mainnet release<\/a> and Plutus built-ins to support BLS12-381 curves, suggest further growth potential.\u00a0<\/p>\n While investors\u2019 confidence may have been shaken, ADA\u2019s popularity among whales indicates a promising future.\u00a0<\/p>\n (The information provided in this crypto news is for educational and informational purposes only. It does not constitute financial advice or an endorsement of any specific cryptocurrency, exchange, or investment strategy.)<\/em><\/p>\n -Featured image from iStock<\/em><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Cardano (ADA) was at the peak of its performance in 2022, boasting an all-time high Total Value Locked of over $400. However, since then, the cryptocurrency\u2019s value has fluctuated.\u00a0<\/p>\n But recent data<\/a> from Artemis shows that Cardano\u2019s TVL has been consistently increasing over the last six months.\u00a0<\/p>\n The seven-day moving average of $154 million is a level not seen since May 2022. With this growth rate, many are wondering if Cardano will have what it takes to reach its previous all-time high TVL.<\/p>\n Over the last six months, $ADA<\/a> TVL has consistently increased.<\/p>\n Currently, the seven-day moving average sits at $154m, a number that has not been seen since May 2022. pic.twitter.com\/wkbYoAddQb<\/a><\/p>\n \u2014 Artemis (@Artemis__xyz) May 3, 2023<\/a><\/p>\n Cardano\u2019s TVL has been on a consistent upward trajectory, with a recent surge of over 9% in just 24 hours, according to DeFiLlama\u2019s<\/a>.\u00a0<\/p>\n Meanwhile, a tweet<\/a> from Input Output Global highlighted the blockchain\u2019s impressive performance in April, with the Hydra team gearing up for the upcoming 0.10.0 mainnet release.\u00a0<\/p>\n As Cardano continues to prioritize scalability, this new release could have a significant impact on the entire ecosystem.<\/p>\n 1\/ The weekly development update is released every Friday on #EssentialCardano<\/a>. This thread recaps the main highlights from the previous month.<\/p>\n Discover how many projects launched on #Cardano<\/a> in April, the growth of native tokens, token policies, transactions, & scripts. pic.twitter.com\/dW6xXXUw3r<\/a><\/p>\n \u2014 Input Output (@InputOutputHK) May 2, 2023<\/a><\/p>\n Additionally, the Plutus team has been developing new built-ins to support BLS12-381 curves, which are expected to be available in Plutus v3. <\/p>\n These developments suggest that Cardano\u2019s growth on the development front is likely to continue, which could lead to further TVL growth in the future.<\/p>\nCardano Growing TVL, Development Efforts Hint At Bright Future<\/strong><\/h2>\n
ADA\u2019s Usage And Popularity Among Whales<\/strong><\/h2>\n
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Cardano Growing TVL, Development Efforts Hint At Bright Future<\/strong><\/h2>\n
ADA\u2019s Usage And Popularity Among Whales<\/strong><\/h2>\n