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.
Read Also: About 42 New Cardano Whales Emerge Within 9 Days. Each Holds Up To $12 Million Worth of ADA
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.”
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.
Follow us on Twitter, Facebook, Telegram, and Google News
In a strategic move to expand its presence in the French cryptocurrency market, Cayman Islands-based…
The crypto market offers a golden chance right now. Major coins show strong recovery signals…
A recent analysis by prominent cryptocurrency analyst EGRAG CRYPTO (@egragcrypto) shed light on the potential…
Fox Business journalist Eleanor Terrett reported on November 15, 2024, that a group of Republican…
Standard Chartered has made an interesting prediction in line with the most recent wave of…
With the crypto market poised for its next significant upswing, experts are highlighting digital assets…