• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Cardano
Nexo

Cardano Breaks New Milestone As TVL Continues To Surge

Best Owie by Best Owie
2 months ago
in Cardano
0

Activity has been on the rise on the Cardano network ever since smart contract capability was introduced last year. However, this has ramped up this year as more decentralized applications (DApps) continue to debut on the blockchain. Alongside this has been the growth of native tokens on the blockchain which has now touched a new record, cementing the network as one of the biggest contenders in the space.

Cardano Native Tokens Touch 4 Million

On Wednesday, Morgan Schofield, Head of Ecosystem Growth at Cardano, posted on Twitter that the network was about to set a record of 4 million native tokens that have been issued. At the time of posting, this number had not been reached but using the daily growth rate of native tokens issued on the blockchain, Schofield explained that the network would see 4 million on Wednesday.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | The New Token Ethereum Whales Are Bullish On

True to form, the accelerated growth had seen the number of native tokens issued on the blockchain crossing 4 million less than an hour later. This marked the 4,000,000th Cardano NFT that had been minted on the network, and with 50,000 distinct minting policies issued.

Today we will witness the 4,000,000th #Cardano #NFT being minted, with 50,000 distinct minting policies. 🎉

As we scale throughput, this pace will increase.
Digital, sovereign ownership has never been so easy or secure. #CNFT #CardanoCommunity #NFTCommunity pic.twitter.com/4GaK5XcrgN

— Morgan Schofield (@mtschofield) March 23, 2022

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Cardano founder Charles Hoskinson also took to the social media platform to celebrate the milestone. According to Hoskinson, the blockchain had surpassed his expectations, explaining that he “was wrong” with his previous prediction of thousands of native assets being issued on the blockchain.

Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. #SlowAndSteady https://t.co/mK4So6NHa1

— Charles Hoskinson (@IOHK_Charles) March 23, 2022

TVL On The Rise

2022 is proving to be the year of Cardano with the various milestones that the network has been hitting in just the first three months of the year. The network which is basically new to the decentralized finance (DeFi) space has continued to climb in terms of TVL. In 2022 alone, the total value locked on the network has grown more than 25,000%.

Cardano (ADA) price chart from TradingView.com

ADA recovers to $1.1 | Source: ADAUSD on TradingView.com

This TVL has now reached a new milestone above $300 million as activities ramp up on the network. Decentralized exchanges (DEX) such as Minswap and SundaeSwap have been at the forefront of this growth, accounting for more than 90% of all TVL on Cardano.

Related Reading | Is Terra (LUNA) Behind The Recent Bitcoin Surge?

The accelerated growth has also translated into the price of the digital asset. ADA which had been trending below $1 for the past week had finally been able to break above this resistance point, now resting at $1.13. There’s is no telling how long this accelerated growth rate will continue but one thing is for sure and that is the fact that Cardano is bracing to become a top DeFi contender.

Featured image from TheCryptoBasic, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Related Posts

Charles Hoskinson

Cardano Founder Says Yes, This Is A Bear Market

2 weeks ago
Cardano

Charles Hoskinson On How Cardano Could Have 3rd Largest DeFi TVL

2 weeks ago
Musk

Will Elon Musk Accept Cardano Founder’s Offer To Build Decentralized Twitter?

1 month ago
Cardani (ADA)

Percentage Of ADA Supply Held By Large Holders Rises To Two-Year High

1 month ago
Picture of a cardano coin, depicting Alonzo hard fork move to mainnet

How Cardano Aims To Strengthen Its Ecosystem With This Africa-Based Partnership

2 months ago
Snoop Dogg

Legendary Rapper Snoop Dogg To Launch NFT Collection On Cardano

2 months ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.