Cardano

<ul><li>Messari&#39;s report highlights a 49% surge in dApp transactions and a 10% increase in TVL during Q2-2023, showcasing Cardano&#39;s progress.</li><li>Newer protocols and multichain solutions like Hydra Head and Milkomeda C1 sidechains show Cardano&#39;s commitment to expanding in DeFi and gaming sectors.</li><li>Despite the price decline, ADA demonstrates resilience with a 12% year-to-date increase, supported by projects like Minswap driving growth in the DeFi space.</li></ul>Blockchain analysis firm Messari has released a comprehensive <a href="https://messari.io/report/state-of-cardano-q2-2023" rel="noopener noreferrer nofollow">report</a> analyzing the progress and developments within the Cardano ecosystem during the second quarter of 2023. The report highlighted substantial transaction growth and increased value locked up by DeFi protocols on the platform.According to Messari&#39;s findings, the Cardano ecosystem experienced a remarkable 49% increase in decentralized applications (dApps) transactions and a 10% growth in Total Value Locked (TVL) compared to the previous quarter.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4b5f0878bc6b4a1bbe368c1e7f5b2f07.png" />Notably, the ecosystem has seen diversification with the emergence of newer protocols, significantly contributing to various activity metrics. Introducing multichain solutions like Hydra Head and Milkomeda C1 sidechains indicates a focus on supporting future expansions in DeFi and gaming sectors.Cardano&#39;s key metrics analysis offers a nuanced view of its performance. While the average transaction fee increased by 8.5% in the quarter, daily active addresses witnessed a 4.0% decline. However, daily transactions rose by 1.9%, suggesting heightened engagement from average users.-Read full article at <a href="https://cryptotale.org/cardanos-q2-2023-performance-dapp-transactions-surge-by-49-tvl-up-10/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cardano's Q2-2023 Performance: DApp Transactions Surge By 49%, TVL Up 10%

CryptoTale

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