Cardano

Minswap

Million

<ul class="list-ic vertical">
 <li>1 <a>Cardano become one of the fastest-growing Decentralized Finance (DeFi) in recent, showing growth ramps up. &nbsp;</a></li>
 <li>2 <a>From not enough activities to a hike in the number of daily transactions, the platform mitigated the worries of the Cardano community.&nbsp;</a></li>
</ul>
Cardano, once referred to as a zombie chain for a long time due to fewer activities, has shown a drastic change recently. The network represented a cold phase when compared with other networks in the same category. The sound of celebration from Charles Hoskison’s office, however, seeks the attention of crypto worlds towards Cardano.&nbsp; &nbsp; &nbsp;&nbsp;
<h2 class="wp-block-heading" id="strong-what-charles-hoskison-is-celebrating-strong">What Charles Hoskison Is Celebrating?</h2>
A welcoming tweet from Hoskinson to express pleasure made<a href="https://www.thecoinrepublic.com/2023/12/20/nexo-price-faces-selloff-is-it-profit-booking-or-trend-reversal/" target="_blank" rel="noopener noreferrer nofollow"> Cardano</a> the headline of the day.“Cardano a ghost chain is suddenly too busy”, Hoskinson mocks.&nbsp;
Cardano, a blockchain platform for visionaries, changemakers, and innovators, with the tools and technologies was referred to as a zombie chain for a long time. The network recently emerged as one of the fastest-growing DeFi networks. An upsurge in the number of daily transactions revived the network and offered Charles Hoskison a reason to celebrate.&nbsp;
Charles Hoskison celebrates full blocks. The rise in the price of the native token ADA, played a major role in the revival of the network, making Cardano one of the fastest-growing DeFi.&nbsp;
Not enough activities for the blocks produced on the blockchain somehow raised the worries of the community. However, Cardano recently recorded busy lines, showcasing a breath of relief for the Cardano community.&nbsp;&nbsp;
The network’s commitment to gradual protocol upgrades and the deployment of smart contracts played a major role in DeFi’s growth. Protocols including Indigo, Liquid, and Minswap have a major role in flipping the coin.&nbsp;
“The platform was introduced for situations like these, to handle heavy loads. The network holds a huge design space to optimize the Decentralized Applications (DApps) and network for both the short and long term”, said Hoskinson.&nbsp;
The network developed its position in the crypto world without any help from venture capitalists (VCs), influencers, and the media which is appreciable.&nbsp;
<h2 class="wp-block-heading" id="strong-cardano-s-current-performance-strong">Cardano’s Current Performance&nbsp;&nbsp;&nbsp;</h2>
Cardano struggled a lot to make a strong and recognized image in the crypto world. After several rough years, the activities over the network started. DeFi activities on Cardano starting some much-needed adoption.&nbsp;
According to data from DeFiLlama, Cardano’s total value locked (TVL) upsurged from $194 Million in October to $550 million in December. The network geared up in the last two months.&nbsp;
In addition to this, the amount of ADA staked on the network has also grown recently. The token’s price has risen by 100% in the two months, reaching from $0.25 to $0.7. However, the hike in the TVL in dollar value is alluded to by the growth pattern of tokens.&nbsp;
As the growth ramps up, Charles Hoskison celebrated the achievements and hit milestones.
Addressing the current performance, the ADA price is $0.6073, a hike of 2.70% in one day with a market cap of $21,493,557,014. The 24-hour volume is $683,424,819. &nbsp;

“Cheers To Cardano”, Charles Hoskison On Network’s Success

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Thecoinrepublic.com

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