Base Chain TVL Surpasses Cardano As Interest Swells
Ethereum Layer 2 network “Base” has surpassed Cardano in terms of Total Value Locked (TVL) in just two weeks after its official launch, despite Cardano experiencing a multi-year head start in growth and development. Base TVL And Trading Volume Rises Above Cardano Presently, Cardano is facing criticism from users due to its TVL falling below that of the newly launched project “Base” built by Coinbase. One individual who has publicly criticized the project is Evan Van Ness, a Consensys member and Ethereum advocate. Van Ness took to his X (formerly Twitter) account which boasts....
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Total Value Locked (TVL), one of the metrics used to know the robustness of a blockchain in the decentralized finance (DeFi) sector, has recently been put at the forefront to compare Coinbase’s newcomer second-layer blockchain Base, and Cardano, a veteran in the crypto scene. For perspective, Cardano has been part of the blockchain ecosystem since […]
Cardano's Coinbase listing helped push the open interest on its futures contracts above $1 billion, a signal that investors are seriously interested in ADA. Cardano (ADA) has had an impressive start to the year as it broke through the psychological $1 barrier and made an all-time high at $1.50. The impressive 590% year-to-date gain took place as the network transformed into a multi-asset network, similar to Ethereum, and this could bode well for Cardano's future.Cardano price at Binance, USDT. Source: TradingViewThe rally's final leg seems to be related to the Coinbase Pro listing,....
Bitrue has added Cardano (ADA) as a base pair on its platform. The crypto exchange announced this addition with the launch of 10 new trading pairs with Cardano (ADA) acting as the base pair. Bitrue which has long supported Cardano in its developments announced the launch of the digital asset as a base pair in […]
The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market. On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum.This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets. Since the end of December 2020, ADA's $81-million aggregate futures open interest hiked to the current $580 million, becoming....
Cardano has mostly flown under the radar recently, despite being one of the best-performing large-cap altcoins over the last year. Just like the ADA price, the Cardano open interest has also stealthily been on the rise and has even reached all-time high levels amid all the ruckus. Even with the market correction, the open interest […]