Number of Cardano Active Addresses Exceeded 160,000

According to Cardanoscan and DeFiLIama, the overall growth of the network and cardano With the emergence of a large number of use cases for (ADA), a significant increase in the number of active addresses on the network has been recorded.

The number of active addresses on the Cardano blockchain has reached 162,000.

The total transaction volume on Blockchain has exceeded 30 million.

The total value of the funds was also one step closer to $100 million. Aforementioned TVL‘ is stated to come from the big SundaeSwap.

TVL refers to the total value locked in decentralized finance projects with smart contracts.

Cardano developers announced a while ago that they are working on a proposal that will allow for changes and further development of Plutus.

“Cardano’s Price Is Low Compared to Market Value”

According to experts, the core value of the project continues to grow with new use cases appearing in the market, but despite this, the price of the currency remains low.

ADA, which was one of the most popular altcoins, especially for a certain period of 2021, later lost this reputation and suffered a serious loss of value.

Cardano, which is currently trading 60 percent behind its $3 peak CoinMarketCap According to data, it finds buyers at $ 1.19 and is on the list of the most valuable coins. XRP with witherIt ranks 7th among

Analyzing the data, 66% of investors who have bought Cardano since the last bull break are currently at a loss, and 15% are neutral.

If the positive trend of the market continues, ADA is expected to strengthen its upside attacks.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! also Our Android AppStart live price tracking now by downloading !

source site-4