Cardano (ADA), Although it achieved an incredible rise in 2021, it was seen that the situation changed after the bridge was crossed. ADA up to $3, alonzo hard forkowes to the expectation of flour. The coming of smart contracts to the network with the Alonzo hard fork had an incredible effect, but after the smart contracts came, the expected was not so much and the price went down.
After Alonzo, the claim that smart contracts in the network were not very functional, the withdrawal of many application developers from the network and the increase in the number of claims caused a negative situation for ADA. Now, there is news to the contrary.
ADALend Enters CardanoCube
ADALend, which is one of the first decentralized applications in the Cardano (ADA) network and carries out decentralized lending and issuing transactions, has officially started active use. ADALend, CardanoCube By signing a partnership with the company, it started to provide its services here as well.
According to the information shared by the ADALend team, the decentralized application is now listed on CardanoCube. CardanoCube monitors the performance and key features of decentralized applications in Cardano’s PoS-based network.
It can be said that this is actually a CoinMarketCap dedicated to Cardano’s decentralized finance applications and ecosystem. This shows that another project has officially become active and Cardano’s smart contracts have increased in number.
The biggest feature of ADALend is that it has done a few things that have not been done before in the Cardano network. In addition to functions such as completely decentralized lending and issuing, ADALend does these with the Plutus Application Backend (PAB) development framework. This shows that Cardano CEO Charles Hoskinson’s theory is now officially put into action.