Logo
Cardano Ecosystem

Tron Weekly

10/26/2022

·

257 views


Cardano Founder Said This To Critics Amidst 300% NFT Growth

Cardano’s daily NFT volume recently tapped a new milestone of over 4 million ADA reached on 24-hour volumes. The entire volume of NFTs exchanged in markets on any given day is gauged by a metric called “trading volume.” The...

Cardano Founder Said This To Critics Amidst 300% NFT Growth

You are here: Home/ News/ Altcoin News/ Cardano Founder Said This To Critics Amidst 300% NFT Growth

Cardano Founder Said This To Critics Amidst 300% NFT Growth

October 26, 2022 by

Cardano’s daily NFT volume recently tapped a new milestone of over 4 million ADA reached on 24-hour volumes. The entire volume of NFTs exchanged in markets on any given day is gauged by a metric called “trading volume.”

The metric’s value has experienced a significant climb as ADA non-fungible token markets have seen a surge in activity, especially in the last few days. The trading volume was approximately 943 million ADA on October 14; by October 24, it had risen to a staggering 4 million ADA.

This is an increase of more than 320% in a rather short time. Additionally, the most recent 4 million ADA volumes were the largest ever seen in these markets.

Charles Hoskinson, the founder, used this opportunity to mock Ghost Chain Fudsters with the gif “Much Ghost Much Chain.” On past occasions, the IOHK head has continued to defend the PoS from critics who have likened it to a ghost chain- meaning little or no activity.

One such instance was the Cardano testnet being “catastrophically broken” and of course the return of “ghost chain” naysayers. Hoskinson accused social media influencers of spreading “misinformation” to large masses of people by social media influencers.

Cardano Vs Solana

In particular, he tweeted a link to a TikTok video of a man discussing Cardano and suggesting that people are beginning to lose faith in this blockchain. The person has over 600,000 followers. For a project with a market valuation as high as it does, according to The TikToker, Cardano “does not have anything to show for it.”

The influencer stated that although the Cardano team has a fantastic concept, nothing substantial has been built. He concluded by asserting that Solana is a “far more functional blockchain” and “a much more functional platform” than Cardano “has ever even come close to being.”

Hoskinson lamented on Twitter that people are disseminating false information to “massive networks of people” and that the “catastrophic bug” for Cardano that was recently described is now being paired with “ghost chain,” or the claims that were made against the platform earlier this year that nothing was being developed on it.

Ezoicreport this ad

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on Tron Weekly

ORIGINAL SOURCE

https://www.tronweekly.com/cardano-found...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from Tron Weekly

See more
Cardano Founder Lock Horns Over NFT Profile Picture
Tron Weekly
Cardano Founder Lock Horns Over NFT Profile Picture

01/05/2023

·

256 views

Related News

See more
WingRiders Governance Token

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analyticsWorld’s First Multi-Token ISPO — By Genius X