Cardano’s ADA sees a major price surge, minting over 5 million NFTs but…
Cardano‘s ecosystem has witnessed some significant traction as the price broke through $0.5 resistance after THE big release. The Cardano ecosystem acquired a fundamental solution that would help bring large quantities of funds to the network.
Iagon bridge allows sending the Ethereum-based USDC stablecoin to the Milkomeda decentralized platform and then withdrawing the Cardano Native asset. This development indeed created the buzz, and…
On 29 May, Cardano’s 24-hour transaction volumes across major blockchains shot up as highlighted by Charles Hoskinson, co-Founder and CEO of IOHK. Based on data by Messari — the 24-hour transaction volume for Cardano was recorded at $9.57 billion. Furthermore, the transaction volume stood second only to that of Bitcoin and higher than that of Ethereum.
In addition, Cardano witnessed a promising stats in the NFT zone as over five million native assets got minted. According to pool.pm data, the number of native assets issued on the Cardano blockchain recorded 5,019,030, with 54,831 distinct minting policies.
<p lang=«en» dir=«ltr» xml:lang=«en»>Over 5 million native assets minted on Cardano. https://t.co/WIb8Jq186G pic.twitter.com/8jphMTvRBv— Jami | $thinkgrowcrypto (@thinkgrowcrypto) May 29, 2022
Cardano remains one of the few coins that comes close to Bitcoin’s distribution and inflation. Well, at least that is what “ADA whale,” a Cardano community-focused Twitter account asserted i.e. Cardano is becoming a scarce asset like Bitcoin. Here’s one for a status check.
Around 986 projectsare building on Cardano, which is up from the previous number of 943. A total of 88 projects were launched on Cardano, while the number of NFT projects rose to 5,727.
Aligning with these stats, Cardano’s native token
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