Cardano Blockchain Hits ATH in This Important Metric, Can The Price of ADA Keep Up?

United States News News

Cardano Blockchain Hits ATH in This Important Metric, Can The Price of ADA Keep Up?
United States Latest News,United States Headlines
  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Crypto Blog

According to data from Danogo, a decentralized exchange on Cardano, the number of active wallets on the network surged to 600K, a 40% increase that doubles the lowest amount in the past 30 days.in active wallets in the Cardano blockchain coincides with a boost in its decentralized finance ecosystem, which stands at roughly $500M, according to

Likewise, the total value locked across DeFi protocols on the network has seen steady growth, with DEXs and lending platforms taking the lead with double-digit gains in the last thirty days.This integration would test whether Firefly meets the needs of Cardano’s Stake Pool Operators . If successful, it could lead to more scalability and throughput for the network.

However, despite all the recent metrics in the green and the ongoing developments within Cardano, ADA has had a hard time keeping up with the overall bullish trend within the crypto market.is trading at $0.74 at the time of this writing — up roughly 35% in the last 30 days, according to data from CoinGecko. However, its performance in the last two weeks has been rather lackluster compared to other leading altcoins.dormant, hesitant to hop on the bullish train as other altcoins hit new ATHs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) Hits ATH on Coinbase: It's More Important Than PriceBitcoin (BTC) Hits ATH on Coinbase: It's More Important Than PriceBitcoin has hit another all-time high, and it might be more crucial than price
Read more »

Altcoin Season Continues Momentum With Focus on Meme Coins as BTC Hits New ATH: BitfinexAltcoin Season Continues Momentum With Focus on Meme Coins as BTC Hits New ATH: BitfinexCrypto Blog
Read more »

Cybertruck Hits The Beach, Hits The Skids, Then Gets Hit With A CitationCybertruck Hits The Beach, Hits The Skids, Then Gets Hit With A CitationElectric pickup got stuck on remote California beach and park rangers were less than happy to see it
Read more »

Massive Bitcoin Whale With 8,500 BTC Hits Jackpot as Price Hits $73,000Massive Bitcoin Whale With 8,500 BTC Hits Jackpot as Price Hits $73,000Gigantic BTC whale hits $217 million jackpot on Bitcoin as prices surge
Read more »

ETH Charts 2-Year Peak, BTC Calms After Rollercoaster Ride and New ATH (Market Watch)ETH Charts 2-Year Peak, BTC Calms After Rollercoaster Ride and New ATH (Market Watch)Crypto Blog
Read more »

Bitcoin Market Cap Records New ATH, Shiba Inu’s Double Digit Run Continues (Market Watch)Bitcoin Market Cap Records New ATH, Shiba Inu’s Double Digit Run Continues (Market Watch)Crypto Blog
Read more »



Render Time: 2025-02-27 13:13:40