Cardano

Future

Lenfi

<div class="flex flex-grow flex-col gap-3">
<div class="min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words">
<div class="markdown prose w-full break-words dark:prose-invert light">
<ul>
<li><strong>Introducing Pool Manager NFT with Aada V.2 for delegating locked ADA and registering new stake pool. </strong></li>
<li><strong>Cardano&#8217;s transaction volume surges, with over 65.4 million transactions processed in the past week.</strong></li>
</ul>
<hr />
<h2 id="aada-finance-announces-pool-manager-nft">Aada Finance Announces Pool Manager NFT</h2>
<p>Exciting news has been shared by Aada Finance for Cardano enthusiasts. With the <a href="https://twitter.com/AadaFinance/status/1653715010487451648">release</a> of Aada V.2, a Pool Manager Non-Fungible Token (NFT) will be introduced. The holder of this NFT will have the ability to:</p>
<ul>
<li>Delegate locked ADA (supply or collateral) to any pool</li>
<li>Register a new stake pool</li>
</ul>
<p>This innovative feature brings a new financial instrument to users, who can transfer, sell, or stake the NFT on DeFi platforms.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Exciting news for <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> enthusiasts. </p>
<p>With Aada V.2 we are introducing a Pool Manager NFT where it&#39;s holder will be able to:<br />&#8211; Delegate locked ADA (supply or collateral) to any pool<br />&#8211; Register new stake pool</p>
<p>How do you measure this NFT value?<a href="https://twitter.com/hashtag/CardanoCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#CardanoCommunity</a> <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw">#ADA</a> <a href="https://t.co/U6swocDvGA">pic.twitter.com/U6swocDvGA</a></p>
<p>&mdash; Aada (@AadaFinance) <a href="https://twitter.com/AadaFinance/status/1653715010487451648?ref_src=twsrc%5Etfw">May 3, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="cardano-8217-s-transaction-volume-and-network-growth">Cardano&#8217;s Transaction Volume and Network Growth</h2>
<p>Cardano&#8217;s transaction volume has seen a significant surge, reaching new highs not previously <a href="https://www.ethnews.com/cardanos-charles-hoskinson-unveils-superior-technology-and-cryptos-future-on-billion-dollar-media-giant-foxnews/">recorded</a>. This uptick in activity has occurred alongside an increase in the total number of active wallets on the Cardano network.</p>
<p>Input Output Global, the organization responsible for Cardano&#8217;s growth, reports that the network processed 65.4 million transactions in the past seven days. The network has also seen a massive inflow of new wallets, bringing the total number of wallets to over 4 million as of March 2023.</p>
<p>Despite the recent volatility of <a href="https://www.ethnews.com/cardanos-djed-protocol-makes-groundbreaking-move-deploys-on-ethereum-compatible-sidechain-unlocking-a-new-era-of-interoperability-and-growth/">ADA</a>, transaction volumes and network growth remain promising. The current trend has been linked to increased whale activity on the network, with the accumulation of coins in whale addresses pointing to a growth in confidence among larger players. Such activity often leads to bull runs, and Cardano&#8217;s futures market is also showing bullish signs with increased transactions recorded on the network.</p>
<h2 id="ada-price-movement-and-the-future-of-cardano-8217-s-development">ADA Price Movement and the Future of Cardano&#8217;s Development</h2>
<p>Although ADA&#8217;s price plunged below the $0.4 mark in May, trading at $0.38, its future development looks strong. The network is rolling out new upgrades in preparation for the much-anticipated Voltaire era, the final phase of Cardano&#8217;s evolution. This phase aims to create a completely decentralized decision-making platform through developments such as the Conway Ledger and <a href="https://www.ethnews.com/cardano-ecosystem-massively-expanding-with-voltaire-and-cip-1694/">CIP-1694</a>.</p>
<p>CIP-1694 improves the network&#8217;s governance, making it more decentralized and allowing any user to submit governance actions. These actions will go through three groups: The Constitutional Committee, Delegation of Representatives, and Stake Pool Operators. Additionally, the Ledger Team has introduced new technologies, including <a href="https://www.ethnews.com/cardanos-scaling-efforts-hydra-to-achieve-1m-tps-mithril-stake-distribution-and-conway-ledger-era-development/">Plutus v3</a>, with Haskell Code and API receiving new updates as well.</p>
<div class="cryptoboxes" id="mcw-12352" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "ADA" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
</div>
</div>
</div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/cardano-soars-with-aada-v-2-pool-manager-nft-and-surging-transaction-volume-the-future-looks-bright/">Cardano Soars with Aada V.2 Pool Manager NFT and Surging Transaction Volume: The Future Looks Bright</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Cardano Soars with Aada V.2 Pool Manager NFT and Surging Transaction Volume: The Future Looks Bright

Table of Contents

ETHNews

Other articles published on May 4, 2023

Unus Sed Leo (LEO) With Disappointing Performance While The Yachtify (YCHT) Presale Picks Up Steam!

How to Find 100X Crypto Altcoin Gems Before they EXPLODE!

Shiba Inu (SHIB) Emerges as Top Memecoin in the US

Bitcoin Price dips again while DigiToads sells out another presale stage

Voyager Hopes to Start Distributions to Creditors In the “Next Few Weeks”

Jack Grealish and Oliver Heldens Debut Musical Collaboration with Exclusive DJ Set in OKX Collect...

Join our free newsletter for daily crypto updates!