Top Cardano News february 2'22

Every week, there are updates from the Cardano ecosystem. Therefore, Altcoin Buzz takes a look at the updates from the third week in February to keep readers informed.

Last week, Bitrue announced support for the $ADA token. We’ll also look at the proportion of TVL on the Cardano ecosystem.

1 – Bitrue Announce Support to $ADA 

Cryptocurrency exchange platform, Bitrue, has announced support for Cardano ($ADA). This development is part of Bitrue’s decision to add 10 new trading pairs on its platform, with Cardano ($ADA) serving as a base pair.

Besides, this initiative is part of a growing relationship between Cardano blockchain and Bitrue. This initiative will also provide more options to users.

2 – Cardano Ecosystem TVL Proportion

This week, a DeFiLlama report stated that the Cardano ecosystem has $193.83 million in TVL (Total Value Locked). According to the report:

  • SundaeSwap holds the most TVL on the ecosystem, it has 65.83% of the total TVL (equivalent to $127.6 million).
  • Meld has the second-most TVL, it has 28.82% of the total TVL (equivalent to $55.86 million).
  • VyFinance follows next with 3.86% of the total TVL (equivalent to $7.49 million).
  • Lastly, MuesliSwap has 1.48% of the total TVL (equivalent to $2.87 million).

3 – Top Gaining Tokens on Cardano Ecosystem

During the week, a CoinGecko report revealed the top gaining tokens on the Cardano ecosystem for February 23rd:

  • ADAPad ($ADAPAD) had the most gain on the day, recording a 10% rate of price increase.
  • Cardano ($ADA) follows closely with an impressive 9% rate of increase in price performance.
  • SingularityNET ($AGIX) has a positive performance with a 3.6% rate of increase in price performance.
  • Orion Protocol ($ORN) is also among the top gainers with a 3.3% rate of increase in price performance.

$ADA Price Outlook

As of the time of writing this article, the price of ADA was $0.77 with a 24-hour trading volume of $1,76 billion. Besides, ADA price was down by 15.3% over the last 24 hours. ADA also has a circulating supply of 32 Billion ADA coins and a total supply of 45 Billion.

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