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home / news releases / GDLC - Cardano: A Network That Needs A Catalyst

GDLC - Cardano: A Network That Needs A Catalyst

Grayscale Digital Large Cap Fund LLC

2024-02-14 18:43:12 ET

Summary

  • Cardano's network metrics show slow growth in wallet holders and a decline in active addresses, indicating underwhelming adoption.
  • Cardano's Total Value Locked has increased, driven by ADA price growth, but stablecoin growth is disappointing.
  • The upcoming Plutus V3 upgrade could improve application development and potentially attract smart contract migration to Cardano.

It has been 8 months since my initial coverage of smart contract blockchain Cardano USD ( ADA-USD ). My previous article focused on the SEC's designation of ADA as an unregistered security, the DJED stablecoin, and some standard network metrics that I usually pay attention to pertaining to public blockchain networks....

For further details see:

Cardano: A Network That Needs A Catalyst
Stock Information
Company Name: Grayscale Digital Large Cap Fund LLC
Stock Symbol: GDLC
Market: OTC
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