Cardano (ADA) grows in Q2 despite SEC's concerns ADA $ADA CardanoADA CardanoCommunity
Cardano DeFi TVL in U.S. dollars was up 9.7% from the previous quarter, representing 198.6% YTD growth. Cardano has also risen in the DeFi rankings, going from 34th to 21st in TVL across all chains by 2023.
Additionally, transaction activity increased in Q2. The average daily transaction increased by 1.9% QoQ, from 67,500 to 68,800.'s average blockchain load climbed from a little less than 40% in Q1 to more than 50% in Q2. In May, the average daily load peaked at 81.2%, a level not seen since early 2022. A load of 100% indicates that all blocks are filled , whereas a load of 0% indicates that all blocks are empty.decreased. ADA is up 12.0% YTD despite the 26.
Daily active addresses fell once more in Q2, falling from 60,200 to 57,800, a 4.0% decrease from the past quarter. This marks the fourth QoQ decrease in address activity in the past five quarters. However, during Q2, Cardano's treasury balance increased by 8.5% to 1.30 billion ADA. The growth from the preceding quarters is broadly consistent with the 100 million ADA increase, Messari stated.The SEC separately charged both Binance U.S. and Coinbase in early June and, in the process, alleged various crypto assets to be securities, including ADA. Cardano received a positive boost as a July 13 ruling determined XRP not to be security in and of itself.
In terms of development on the Cardano network, Milkomeda C1, Midnight, Wanchain and IOG's sidechains team are working to create new use cases and improve interoperability. With the release of the v.1.35.6 node in the previous quarter, dynamic P2P networking was implemented.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano (ADA) Ecosystem Has Finally Arrived, ADA Community Activist SaysTop-tier Cardano (ADA) influencer cardano_whale, author of Latest On Cardano newsletter, shares his thoughts on ADA ecosystem maturation
Read more »
Coinbase Might Delist Cardano (ADA) and Other Tokens, CEO SaysIn recent interview with Financial Times reporter Scott Chipolina, Coinbase CEO Brian Armstrong discussed potential impact of US SEC's lawsuit on platform
Read more »
Cardano (ADA) Price Analysis for August 4Can traders expect a local rise of ADA? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Read more »
Cardano Founder Ends Speculation on Anti-XRP Conspiracy InvolvementICYMI: Cardano's Charles Hoskinson decided to shut down the question of his involvement in the conspiracy against XRP ADA $ADA $XRP XRPArmy
Read more »
IOTA Cofounder: Exciting Cardano Collaboration Plans in WorksIOTA cofounder Dominik Schiener teases exciting plans in works for Shimmer-IOTA and Cardano blockchains
Read more »
Tom Cruise's Most Impressive Movie Scene Involved Zero StuntsFamous movie star Tom Cruise is known for doing his own stunts in films, but his most impressive feat came in a scene that didn’t include much action.
Read more »