Volume Of ADA Staked On Cardano Network Reaches Record High
Cardano holds bragging rights for the network with the highest proportion of its circulating supply staked and it has not let go of this title. Cardano’s community is home to investors who are investing for the long term rather than trying to take short-term profits from the market. This means that most investors have their coins staked on the platform to serve as validators on its proof of stake mechanism. The blockchain has grown in popularity since it announced smart contracts capability in September. Since then, various partnerships and initiatives focused on increasing usability on....
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Cardano and Solana are the leading competitors for Ethereum as the top smart contracts platform. Their entrance into the space has been highly lauded as this will provide some much-needed diversification in the space. Activities are already underway on the Solana blockchain. However, Cardano has not had much in the way of activities on its blockchain since the launch of smart contracts capability. This has mainly been due to the fact that smart contracts capabilities debuted on the network less than two months ago and it will take some time for developers to test and deploy their....
Cardano’s successful testnet integration of smart contract functionality and plans to enter the DeFi space back ADA’s 139% rally. Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018. Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked cryptocurrency by total market cap. ADA/USDT 4-hour chart.....
Since the completion of the Ethereum Merge, sentiment among the community has remained positive. There had been no withdrawal mechanisms coded into the hard fork, which meant that the feared dump of millions of ETH into the market did not happen. What had happened is that the amount of ETH that was being staked on the network had continued to grow, now getting close to another important milestone for the network. Staked ETH Almost At 14 Million By the time the Merge was to be implemented, there had been more than 13 million ETH already staked on the network. This represented more than 11%....
Today has been a monumental day for Cardano. Caught within the recent crypto bull market, its token, ADA, hit a new all-time high price of $1.38 this evening. This marks an increase of approximately 2600% over the past year, as tracked by Messari. In fact, this milestone brings with it more good news for the smart contract platform. Over the past 24 hours, the surge of interest in Cardano has brought its on-chain transaction volume […]
While Cardano and Polkadot are extending their staking dominance, Tezos has plummeted from the top ten by staked capitalization. The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings.According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.4 billion worth of ADA allocated to securing the network. With Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked.StakingRewards estimates Cardano stakers are earning....