After every week, there are updates and developments in the Cardano ecosystem. Accordingly, Altcoin Buzz covers the updates and developments from the last week in February to keep readers informed.
In this Cardano weekly updates article, we’ll cover the ecosystem’s performance in the month of February. As well as, the top gainers on the ecosystem.
1 – Cardano Ecosystem Performance in February
Firstly, the report from Cardano Blockchain Insights reveals the performance of the Cardano ecosystem for the month of February. The report shows that:
- A total of 32.9 million completed transactions at the end of February, which is equivalent to an 11.87% increase.
- There was also a 25.7% single pool delegation (37.43% increase), which shows support for the decentralization of the network.
- There were 3.12 million wallets (4.33% increase), as well as 1.14 million delegated wallets (2.58% increase) at the close of the month.
- At the end of the month, there were 1,505 Plutus Scripts, which shows a 40.92% increase.
- Policies also increased to 47,846, which is a 7.27% increase.
Let's take a look at our February roundup of #Cardano on-chain stats. 📊
👆 A positive increase in key stats is showing strong progress for the protocol and a nice uplift in single pool delegation supporting the decentralization of the network. https://t.co/EbbD4ZXd2z pic.twitter.com/p9Dj74UD2K
— Cardano Community (@Cardano) March 1, 2022
2 – Top Gainers on the Cardano Ecosystem
We will also examine the price performance (top gainers) of tokens existing on the Cardano ecosystem for March 2, 2022. The CoinGecko report is as follows:
- Ardana ($DANA) recorded the best performance on the day. It had an 8% rate of increase in price performance.
- Ergo ($ERG) follows closely in second place with a 7.4% rate of increase in price performance.
- Orion Protocol ($ORN) comes in third with a 6.2% rate of increase in price performance.
- GeroWallet ($GERO) is fourth with a 4.8% rate of increase in price performance.
- CardWallet ($CW) makes up the top five with a 3.8% rate of increase in price performance.
Price Performance of @CardanoStiftung Tokens Last 24H$DANA @ardanaproject $ERG @ergoplatformorg $ORN @orion_protocol $GERO @GeroWallet $CW @CardWallet_fi $CARDS @CardStarter $RDT @ridotto_io $ADA @CardanoStiftung $ADAPAD @ADAPadofficial $ADAX @adax_pro #ADA #CARDANO pic.twitter.com/dZHTYcwCqE
— Cardano Daily (@cardano_daily) March 2, 2022
3 – Cardano Ecosystem Projects by Trading Volume
In addition, we will take a look at the performance of Cardano-based projects in terms of their trading volume. According to the CoinMarketCap report:
- Cardano ($ADA) has the most trading volume within the seven-day time frame. It commands the sum of $13.939 billion.
- API3 ($API3) is in second place with a seven-day trading volume of $5.189 billion.
- COTI Network ($COTI) comes in third with a seven-day trading volume of $1.569 billion.
- World Mobile Token ($WMT) is fourth with a trading volume of $14.759 million in the last seven days.
- Ergo ($ERG) makes up the top five with a trading volume of $12.849 million over the specified time frame.
Top Cardado Projects with Highest Volume in the Last 7 Days$ADA @cardano
$API3 @API3DAO$COTI @COTInetwork$WMT @wmtoken?lang=en$ERG @ergoplatformorg$ADAX @adax_pro$DANA @ArdanaProject$OCC @OccamFi$GERO @GeroWallet$CARDS @CardStarter#ADA #Cardano $ADA #CardanoADA pic.twitter.com/UZqt6Jt8ZE— Cardano Daily (@cardano_daily) March 1, 2022
4 – ADALend Plans Its IDO
ADALend, a Cardano-based decentralized lending platform, plans to roll out on the 11th of March. Besides, the IDO will be available on:
- ADAPad
- VelasPad
- ETHPad
- BSCPad
- PulsePad
.@ADALend_finance IDO Whitelist is now live on @adapadofficial, @velaspad, @bscpad, @pulsepad_app and @ethpadofficial.
Read more: https://t.co/Kyi9Dfphul
As a big supporter of #Cardano, we love to see more good news from #CardanoADA eco.
Leave your thoughts in the cmt below. pic.twitter.com/DhKbtUgjft
— Cardano Daily (@cardano_daily) March 1, 2022
After the IDO, ADALend will work on adding more enticing features to the platform. Therefore, making it more inclusive and accessible to users.
$ADA Price Outlook
As of the time of publication, Cardano’s price was $0.928293 with a 24-hour trading volume of $895,479,532. ADA price also dropped by 2.8% over the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.
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