The start of 2022 was one of the best periods in Cardano history, when the core value of the network increased exponentially and Blockchain earned $200 million in TVL in a matter of weeks. Some major market participants expect the cryptocurrency as a network to rise further with the introduction of new solutions and dApp drops.
“Cardano TVL will fly when these conditions are met”
The cryptocurrency whale shares what the Cardano community should expect in the next three and six months, as several projects have already announced that they will launch their solutions later in the year. Cardano-based stablecoins are among the most important assets for any blockchain, as they are often used as a bridge between the fiat and crypto worlds.
As we have covered in Cryptokoin.com news earlier, Tron network reported that it has reached $40 billion in circulation for the USDT (Tether) stablecoin based on the TRX network.
The launch of a leading stablecoin solution in Cardano is expected to bring billions of funds to the network, making it compatible with cryptocurrencies such as Ethereum (ETH), Tron (TRX) and Solana (SOL). Cardano, which is in the 9th place by market capitalization on CoinMarketCap, was trading at $ 1.16 with a loss of 1.12% in the last 24 hours at the time of writing.
Wrapped cryptocurrencies
Packaged versions of widely known assets such as the leading cryptocurrency Bitcoin and the leading altcoin Ethereum are becoming immensely popular in 2021 with the rapid growth and development of the decentralized finance (DeFi) industry. came. As Cardano is a relatively young player in the DeFi industry, completed assets are highly anticipated by its users as it allows for cross-chain buying of assets that are in this case not based on the Cardano network.
Users will see all the solutions mentioned above, as well as features such as lending and synthetic assets, hardware wallet support, and DEXs with limited permanent loss. According to experts, all these features are already available on the biggest networks like Ethereum and Solana. Developing these features in Cardano will make Blockchain-based solutions significantly more attractive.
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