Every week, there are notable updates and developments from the Cardano blockchain. Accordingly, Altcoin Buzz takes a look at the updates from the second week of January to keep readers informed.
We’ll cover a report that shows the Cardano-based projects with the most trading volume. In addition, Cardano Foundation attains impressive milestones in a bid to ensure local ecosystem development. Let’s look at these updates from last week in detail.
1 – Cardano Projects With Most Trading Volume
A report shows the rankings of projects on the Cardano blockchain in terms of their trading volume within a seven-day period.
According to the CoinMarketCap’s report:
- Orion Protocol ($ORN) tops the chart with $49,070,870 in trading volume in the last seven days.
- SingularityNET ($AGIX) is in second place with $36,204,088 in trading volume within the last seven days.
- ADAX PRO ($ADAX) is third with $17,912,319 in trading volume within the last seven days.
- Ergo ($ERG) closely follows in fourth with $15,032,608 in trading volume within the last seven days.
- ADAPad ($ADAPAD) is fifth on the list with $6,813,245 in trading volume within the last seven days.
TOP PROJECTS IN CARDANO ECO BY VOLUME LAST 7 DAYS ‼@orion_protocol $ORN@singularity_net $AGIX@adax_pro $ADAX@ergoplatformorg $ERG@ADAPadofficial $ADAPAD@CardStarter $CARDS@VentFinance $VENT@OccamFi $OCC@ArdanaProject $DANA@ridotto_io $RDT#Cardano #ADA $ADA pic.twitter.com/iMojWOGOSL
— Cardano Daily (@cardano_daily) January 11, 2022
2 – Cardano Attains Milestone in Ensuring Ecosystem Development
Cardano’s effort in ensuring ecosystem development and land restoration in Mombasa, Kenya, is gaining stride. Notably, the blockchain platform has now planted more than one million trees.
Besides, Cardano Foundation plans to leverage blockchain technology for record purposes when planting every tree. Cardano Foundation CEO Frederik Gregaard claims it’ll be useful for transparency and “…serve as public proof of land restoration activities.”
🌳💯 Major Achievement: Thank you to the individuals, stake pools and organizations for all your contributions!
Together we created our #CardanoForest💚@veritree_ @demsley @F_Gregaard #CardanoCommunity #fightclimatechange https://t.co/qG5R4i6yrE pic.twitter.com/4HmhkpAZzv— Cardano Foundation (@CardanoStiftung) January 9, 2022
Also, Cardano Foundation is already working with Veritree who will leverage blockchain technology in carrying out the tree-planting initiative.
Veritree will specifically be in charge of verifying and tracking the progress of the reforestation process. Also, Veritree plants a tree whenever $ADA is converted for the $TREE token. The $TREE token can be used in collecting digital trees and non-fungible tokens (NFT) during “redemption days.”
3 – Cardano Projects With the Best Price Performances
A recent CoinGecko report illustrates the price performances of projects on the Cardano blockchain. The report focuses on the performances of projects within a seven-day period.
According to the report:
- CardWallet ($CW) price gained the most with a 3.4% rate of increase within a seven-day period.
- Also, Vent Finance ($VENT) price held a 1% rate of increase within a seven-day period.
Price Performance of @CardanoStiftung Tokens Last 7D$CW @CardWallet_fi$VENT @VentFinance$DANA @ardanaproject$IAG @IagonOfficial$CARDS @CardStarter$ERG @ergoplatformorg$ADA @CardanoStiftung
$C3 @Oraclecharli3$OCC @OccamFi$AGIX @singularity_net#ADA $ADA pic.twitter.com/iIdOe3LfM2— Cardano Daily (@cardano_daily) January 10, 2022
$ADA Price Outlook
As of the time of publication, Cardano’s price was $1.30 with a 24-hour trading volume of $1,518,240,092. ADA price also rose by 4.8% 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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