The Cardano ecosystem has witnessed some significant traction as the price broke through the $ 0.5 resistance after the big release. The Cardano ecosystem has acquired the basic solutions that help bring large amounts of money to the network.
The Iagon Bridge allows you to send Ethereum-based USDC stablecoins to the Milkomeda decentralized platform and then withdraw your Cardano Native assets. This development has certainly been a hot topic, and …
…This is the result
On May 29, Cardano’s 24-hour transaction volume surged across major blockchains, as highlighted by IOHK co-founder and CEO Charles Hoskinson. Based on Messari data — Cardano’s 24-hour transaction volume record At $ 9.57 billion. In addition, the volume of transactions was second only to Bitcoin and higher than Ethereum.
In addition, Cardano witnessed promising statistics in the NFT zone as more than 5 million native assets were created. According to the data at pool.pm, the number of native assets issued on the Cardano blockchain recorded 5,019,030 and there were 54,831 different minting policies.
Over 5 million native assets cast in Cardano. https://t.co/WIb8Jq186G pic.twitter.com/8jphMTvRBv
— Jami | $ thinkgrowcrypto (@thinkgrowcrypto) May 29, 2022
Cardano is one of the few coins close to Bitcoin circulation and inflation. Well, at least that’s what the “ADA Whale”, a Twitter account focused on the Cardano community, claimed. In short, Cardano is becoming a rare asset like Bitcoin. This is for status check.
About 986 projects Under construction In Cardano, this is an increase from the previous 943. A total of 88 projects have been launched in Cardano, increasing the number of NFT projects to 5,727.
In line with these statistics, Cardano’s native tokens showed a similar image. At the time of the press, ADA traded above $ 0.51 and soared by more than 12%. In addition, according to Messari data, Cardano’s market capitalization advantage has skyrocketed following such a tailwind.
Source: Messari
Look away now
Despite recording such performance, ADA on-chain analysis remained weak. The gradual decline in daily active addresses since January 20, 2022 suggests that investors are losing interest in coins. The whale’s activity also drew a tough picture.
Overall, Cardano (ADA) actually needs overall performance to exceed $ 1.
