For Cardano, it’s 100 projects and counting, but is that really enough

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The biggest use case of a third-generation cryptocurrency is Decentralized Finance, on which Cardano has built its reputation and hype for years. Alas, the result hasn’t been particularly impressive. Especially since in a little under a year, the network has only noted the launch of 93 projects. Now, although another 1048 projects are being built, […]

Alas, the result hasn’t been particularly impressive. Especially since in a little under a year, the network has only noted the

The Cardano development team has been reassuring everyone that it’s close, but no final date has been given. In their most recent update, the dev team stated, Cardano’s experience with DeFi hasn’t been the best, and with only $94 million locked on-chain post-May and June’s crashes, Vasil needs to be a significant event. Just this week, almost $50 million were wiped off the network as the Decentralised exchange Wingriders’ TVL fell by 68%.On the investor front, the situation is no better either.

 

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