1. Cardano Blockchain Development Progress
In Cardano, there is currently an expectation of increased rewards for self-owned stake pools, as discussions are underway regarding an SBO vote for a K-value increase to 1,000. Some delegates may consider moving to other pools due to changes in pool saturation levels. The voting status and stake amounts of pools are being monitored, and many people are in favor of the K-value increase. Delegates need to be cautious about the need for new stake pools.
2. Metaverse Virtua Project
A specific project that was being built on Cardano in the NFT space had plans to partner with Ledger, but it has been put on hold. In response, the Ledger team intends to open a Twitter Space to communicate with the community. Additionally, the partnership between Ledger and ClayNation has also been put on hold. ClayNation announced the postponement of the partnership and suggested the possibility of Ledger retracting its decision. Furthermore, AADA Finance and ViFi have set new records in Total Value Locked (TVL), and Maze Protocol has launched a new website. In terms of performance among the top 10 blockchains in 2023, Solana saw the highest increase, followed by Phantom and Cardano, with both experiencing over a 50% surge. However, there is a potential for Cardano to rise further in the rankings due to the collapse of FTX and the departure of developers from Phantom.
3. ADA Market Analysis
ADA is currently being squeezed between support and resistance levels. Cardano has recently faced a significant issue of slow swaps, with users experiencing delays of up to 30 minutes for swaps on decentralized exchanges. This problem is a setback for the Cardano network, as Charles Hoskinson had claimed that theoretically, Cardano’s network could process up to 1 million transactions per second. However, the reality seems to be quite different. Nonetheless, Cardano continues to make improvements and is unlikely to compromise its position as a major player in the DeFi sector.
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https://www.youtube.com/watch?v=qHwhTV4KL1U
https://www.youtube.com/watch?v=H4snQwM8ch0
https://www.youtube.com/watch?v=KHHwJVrP68E
