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....
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For further details see:
Cardano: A Network That Needs A Catalyst