So far, 2022 has been a remarkable year for the Cardano ecosystem with new projects launching and Cardano total value locked (TVL) increasing tremendously.
Cardano, the largest proof-of-stake (PoS), surpassed $300 billion in TVL within a few months into the year. Although it has dropped below $300 billion within the last few days, lots of prominent people in the crypto ecosystem expect the blockchain project to attain milestones that would bolster its value in 2022.
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ADA Whale Expects Cardano TVL to Fly in 2022
In a recent tweet, a pseudonymous Cardano enthusiast, ADA Whale, highlighted developments that will make the total value locked on the blockchain grow even further.
In the tweet, he said the Cardano community should expect all these developments in the next three to six months as some projects that are to launch on Cardano already announced that their solutions are scheduled to roll out before the end of 2022.
ADA Whale tweeted, “Agree. Cardano TVL will fly when we have 1 stable coins 2 wrapped BTC 3 lending+synthetics 4 hardware wallet support 5 DEXes with limited impermanent loss 6 ADA on-chain staking support (risk-free hurdle rate) 7 high throughput All boxes will be checked in 0-6 months, most 0-3m.”
Agree. Cardano TVL will fly when we have
1 stable coins
2 wrapped BTC
3 lending+synthetics
4 hardware wallet support
5 DEXes with limited impermanent loss
6 ADA on-chain staking support (risk-free hurdle rate)
7 high throughputAll boxes will be checked in 0-6 months, most 0-3m https://t.co/TXvshgGoYD
— ADA whale (@cardano_whale) April 2, 2022
Read Also: Coinbase Incorporates Cardano (ADA) into Its Staking Offering
Stablecoins are one of the most important assets for any blockchain because they serve as a bridge between traditional finance and the crypto ecosystem.
In the case of Cardano, the release of stablecoins is expected to bring billions worth of funds to the blockchain project, which would bolster its capability to compete with other chains, such as Ethereum, Tron, among others.
On ADA Whale’s list, the wrapped version of Bitcoin is also important to make Cardano more competitive in the decentralized finance (DeFi) sector. This is also expected to go live on the network soon.
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