Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today

Advertisements

Arman Shirinyan

Despite fundamental growth and high development activity, Cardano fails to satisfy investors’ demands

content

  • Cardano is getting bigger every day
  • Market performance remains anemic

Cardano has shown the highest development activity in the industry, leaving behind such projects as Kusama and Polkadot, with over 350 commits made in the last month. Other notable projects at the top are Ethereum and Solana, with more than 270 commits.

Cardano is getting bigger every day

The network has always been one of the most actively developed projects in the whole industry, especially after dropping the smart contract update. Since the beginning of 2022, Cardano is rolling out a great amount of new projects, updates and solutions.

One of the most recent updates was the upgrade of stake pool operators on Cardano node 1.35. The new update makes the most recent node version a candidate for the final mainnet Vasil hardfork release. With the launch of the node network, all the ‌updates and fixes will have a soft and stable launch of Vasil.

ads

In addition to constant updates of the network—which is getting ready to receive a massive Vasil upgrade—Cardano still supports smaller solutions like eUTxO blockchain explorer, which has earned praise from the project founder, Charles Hoskinson, and decentralized projects like Wingriders.

Market performance remains anemic

Despite active fundamental development, Cardano struggles to show any positive movements on the cryptocurrency market as the blockchain’s underlying cryptocurrency remains in a sharp downtrend in the last 300 days of trading.

Cardano performanceSource: TradingView

Since September, Cardano has lost more than 84% of its value, which makes it one of the least profitable assets in the whole industry. Unfortunately, no signals for a reversal have appeared on the market despite constant updates and rising network usage. At press time, ADA is changing hands at $0.49.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto Cardano

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto

Advertisement     When the first decentralized blockchain was popularized in 2008 by Satoshi...

By wpadminsonic164
Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October.  What’s Going On?  – Crypto mode Cardano

Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October. What’s Going On? – Crypto mode

The G20 will present a regulatory framework for cryptocurrencies in October this year. Regulations...

By wpadminsonic164
Cardano, Shiba Inu, Avalanche Put up Modest Beneficial properties as Bitcoin Retests $24K – U.As we speak Cardano

Cardano, Shiba Inu, Avalanche Put up Modest Beneficial properties as Bitcoin Retests $24K – U.As we speak

Cardano, Shiba Inu and Avalanche were recording gains at press time, posting a 24-hour...

By wpadminsonic164
Launch of Revuto app v3.0 – Cardano Feed Cardano

Launch of Revuto app v3.0 – Cardano Feed

Fasten your seatbelts and hold on tight; the time has finally come for the...

By wpadminsonic164
ADA Deal with Companions with Cexplorer – Cardano Feed Cardano

ADA Deal with Companions with Cexplorer – Cardano Feed

We are beyond thrilled to announce our newest partner, Cexplorer!Cexplorer is a data analytics...

By wpadminsonic164
Bitcoin Races In the direction of $25,000 As Merchants Stay Tremendous Bullish On Cardano, Polkadot, Solana – ZyCrypto Cardano

Bitcoin Races In the direction of $25,000 As Merchants Stay Tremendous Bullish On Cardano, Polkadot, Solana – ZyCrypto

advertisement     After a solid monthly close in July, Bitcoin bulls seem to...

By wpadminsonic164
With Cardano (ADA) Supporting 3.5 Million Wallets and Gucci Accepting ApeCoin (APE), What Is The Future For – Bitcoinist Cardano

With Cardano (ADA) Supporting 3.5 Million Wallets and Gucci Accepting ApeCoin (APE), What Is The Future For – Bitcoinist

Altcoins have been gaining significant ground and recognition in recent years, as the crypto...

By wpadminsonic164
Cardano Value Strikes Above $0.50, Is The Value Prepared For Breakout?  – NewsBTC Cardano

Cardano Value Strikes Above $0.50, Is The Value Prepared For Breakout? – NewsBTC

Cardano price is currently trading slightly above $0.50, price of the asset has been...

By wpadminsonic164

Latest Posts

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto Cardano

PrivaCrip to Energy a Blockchain Community That Might Comply with Cardano & XRP – ZyCrypto

Advertisement     When the first decentralized blockchain was popularized in 2008 by Satoshi...

By wpadminsonic164
Crypto information immediately | Shiba inu coin information immediately | Crypto market crash immediately | luna crypto coin information Videos

Crypto information immediately | Shiba inu coin information immediately | Crypto market crash immediately | luna crypto coin information

19/07/2022| Cryptocurrency news today | Crypto news today | Crypto market crash today |...

By wpadminsonic164
Rachel Stevens rocks Kate Middleton-style gown and we adore it – HELLO! Polkadot

Rachel Stevens rocks Kate Middleton-style gown and we adore it – HELLO!

August 09, 2022 - 11:50 BST Sophia Bates Rachel Stevens wowed her followers in...

By wpadminsonic164
Stellar XLM’s worth lags behind whereas Chronoly.io golden run continues – TechCabal Stellar

Stellar XLM’s worth lags behind whereas Chronoly.io golden run continues – TechCabal

The last few months have been nightmarish for cryptocurrency markets as investors went on...

By wpadminsonic164
Binance

With Tegro, WazirX founder is making it straightforward to purchase and promote blockchain sport belongings – YourStory

In 2021, as the crypto market boomed, millions of retail investors made their first...

By wpadminsonic164
Cryptocurrencies Value Prediction: Tezos, Ripple and Dogecoin – European Wrap 9 August – FXStreet Dogecoin

Cryptocurrencies Value Prediction: Tezos, Ripple and Dogecoin – European Wrap 9 August – FXStreet

Tezos (XTZ) price action is printing a staggering performance in just a slim two...

By wpadminsonic164
Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October.  What’s Going On?  – Crypto mode Cardano

Uniglo (GLO), Bitcoin (BTC), And Cardano (ADA) Holders Are Ready Anxiously For October. What’s Going On? – Crypto mode

The G20 will present a regulatory framework for cryptocurrencies in October this year. Regulations...

By wpadminsonic164
FED Deploys The WORST CRYPTO Regulatory Ban YET Videos

FED Deploys The WORST CRYPTO Regulatory Ban YET

In your nightly crypto news wrap-up, we bring you the top crypto stories. A...

By wpadminsonic164