Cardano blockchain always has weekly updates. Thus, Altcoin Buzz covers the updates from the fourth week in July to keep readers informed.
In this week’s article, we cover the top gainers on Cardano. We also look at SingularityNET’s recent partnership.
1 – SingularityNET Partners Epik Protocol
Firstly, SingularityNET is partnering with an AI-centred blockchain, Epik protocol with the aim of aiding the development of a collaborative AI data network.
Besides, the partnership starts with SingularityNET’s CEO, Ben Goertzel contributing a question bank to Epik protocol’s Knowledge Mainland.
We recently joined hands 🤝 with @EpikProtocol in a partnership agreement to help with the development of a collaborative AI data network.
The collaboration kicked off with a new question bank contributed by our CEO, @bengoertzel to Epik's Knowledge Mainland.
🧵1/2 ⬇️ pic.twitter.com/6mYTEzBSFP
— SingularityNET (@singularity_net) July 22, 2022
2 – WingRiders Announce Partnership with AADA Finance
During the week, WingRiders DEX announced its partnership with AADA Finance, decentralized lending, and borrowing protocol. They plan to make it possible for users to swap their collateral to $ADA whenever they trigger loan liquidation.
This is also an impressive development for the Cardano community because WingRiders is one of the biggest exchanges on Cardano. It has about $52M in total value locked (TVL).
📌Riders, our partnership, and integration of the DEX into @AadaFinance, enables users to swap their collateral to $ADA when they trigger loan liquidation in a single transaction💪🚀
Here is a simple guide on how it works👇👇👇#WingRidersDEX #swap #aada #DEX #collateral pic.twitter.com/NOpSq2VhA6
— WingRiders (@wingriderscom) July 26, 2022
3 – Top Weekly Gainers on Cardano
We will also cover the top gainers on the Cardano ecosystem for the week. This CoinGecko report also considers the price performance of projects over a seven-day timeframe. It’s as follows:
- Matrix Labs ($MATRIX), a multi-chain DEX aggregator has an outstanding performance in 1st place. It recorded a 96% increment in price performance within the seven-day timeframe.
- Ergo ($ERG), a zero-compromise DeFi system is in 2nd place. It has a 16.4% increment in price performance within the seven-day timeframe.
- Orion Protocol ($ORN), a decentralized gateway to crypto follows closely in third place. It has a 16.1% increment in price performance within the seven-day timeframe.
- CardStarter ($CARDS), and GeroWallet ($GERO) are joint fourth. They both amassed a 12.4% rate of increase in price performance within the seven-day timeframe.
Top Gainers in Cardano Ecosystem Last 7D 🚀
🥇 $MATRIX @matrixswap
🥈 $ERG @ergoplatformorg
🥉 $ORN @orion_protocol $CARDS @CardStarter $GERO @GeroWallet
$C3 @Oraclecharli3 $DANA @ardanaproject $ADA @CardanoStiftung $RDT @ridotto_io $IAG @IagonOfficial #ADA #CARDANO pic.twitter.com/xWg5037sC8— Cardano Daily (@cardano_daily) July 25, 2022
$ADA Price Outlook
As of the time of publication, Cardano’s price was $0.5025 with a 24-hour trading volume of $1.16 billion. ADA price increased by 7.3% over the last 24 hours. Besides, it has a circulating and total supply of 34 and 45 billion ADA coins.
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