Cardano

Future

Lenfi

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<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>
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<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>
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<li>Delegate locked ADA (supply or collateral) to any pool</li>
<li>Register a new stake pool</li>
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<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>
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<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

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