Cardano has risen an impressive 9% in the last 24 hours, with a press price of $ 1.39. DeFi Total Value Locked (TVL) for the same period is close to + 30% due to the positive surge in prices.
Positive emotions can be due to a combination of factors with the new launch, which is an important addition to the network.
Sundae Swap, a Cardano-based decentralized exchange (DEX), has announced that its mainnet will be launched on January 20th. In December, IOHK chief Charles Hoskinson said the launch of DEX in Cardano was imminent over the coming weeks with some capacity of the mainnet. Currently, Muesli Swap is the first and only DEX to work in DeFillama’s Cardano ecosystem.
? The moment we all have been waiting for has finally arrived!
We are pleased to share that Sundae Swap and ISO will start on the night of Thursday, January 20th (EST). ?
Check out the articles below! ? https: //t.co/8oDYU6i3k9 pic.twitter.com/upgNZx2xH2
— SundaeSwapLabs ? (@SundaeSwap) January 15, 2022
Along with this, another DeFi protocol, VyFinance (VYFI), debuted on the network. This is a protocol aimed at bringing neural net autoharvesting and KYC-less hedge fund staking to Cardano.
VyFinance is a DeFi protocol that brings neural net autoharvesting and KYC-less hedge fund staking to Cardano. https: //t.co/Lo0asc23CN pic.twitter.com/IgAr2LQA2E
— DefiLlama.com (@DefiLlama) January 15, 2022
Along with this, Pavia.io should also note that after NFT gained traction on the blockchain, it officially launched OnCardano as the first metaverse. Compared to the Metaverse OG, the company states:
“Following projects like Decentraland and Ethereum’s Sandbox Game, Metaverse will appear on the Cardano blockchain in the form of Pavia.io.”
That said, Cardano announced in 2022 that it continues to aim to address the “classical” issues of scalability, security, and decentralization.
2022: Year of Cardano?
On a whole new journey in “smart” Cardano, IOHK said in a recent blog post:
“Parameter adjustments, improvements, enhancements, and other innovations will all play a role in steadily increasing Cardano’s capacity and throughput during 2022.”
Chain has put together a list of on-chain and off-chain solutions that Cardano will focus on over the next year. This includes increasing the block size and validating more transactions over time. Cardano also focuses on enhancing the Plutus scripts that form the basis of dApps. IOHK
“With the introduction of the first Plutus feature, we continue to work with the growing developer community to evolve the expressiveness and overall suggestions of the Plutus language.”
So Hoskinson repetition More Cardanod App will be available this quarter.