1.4 Billion Dollars Flowed to Cardano Staking Pools in 12 Hours!

cardano, in staking pools ISLAND It experienced a huge increase in the amount of water in just 12 hours.

According to Pool.pm, a platform that analyzes data on Cardano staking pools, the amount of ADA transferred to 23 newly created staking pools was recorded as 1.5 billion, corresponding to approximately $1.4 billion.

Staked Cardano (ADA) Rate Reached 73%

With that, 62 million ADA was transferred to each pool and the percentage of ADA tokens staked reached 73%.

This situation, altcoin It shows an impressive performance in terms of DeFi development. The data analyst announced the development in his statement as follows:

“62 million ADA tokens have been staked to each of the 23 new Cardano pools in the last 12 hours, and the total amount of ADA tokens staked has thus increased by 1.5 ADA to approach 74%.”

The analyst also said that 23 new Cardano staking pools with 1.5 billion ADA tokens may be linked to Bison Trails company acquired by Coinbase.

In addition, the ADA ecosystem exceeded $300 million in total value locked (TVL) as of March 22. In his statement, Cardano founder Charles Hoskinson claimed that with the Vasil hardfork coming in June, the growth of ADA’s DeFi ecosystem will accelerate.

Recently, it was rumored that a token burning mechanism will be added to ADA with a new update. cryptocurrency had come to the fore of the world. Hoskinson later clarified that this rumor was unlikely to come true.

*Not investment advice.

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