Logo
Cardano Ecosystem

BitcoinEthereumNews

06/08/2022

·

557 views


Cardano Reaches New Milestone in Number of Projects Building: Details

The post Cardano Reaches New Milestone in Number of Projects Building: Details appeared on BitcoinEthereumNews.com. Cardano has reached a new milestone as the number of projects building on the platform has exceeded the 1,000 mark. According to recent data...

Cardano Reaches New Milestone in Number of Projects Building: Details

Cardano has reached a new milestone as the number of projects building on the platform has exceeded the 1,000 mark. According to recent data shared by Cardano’s parent company, IOHK, the number of projects building has reached 1,003, up from 992 reported over the weekend.

1003! 🎉

That’s how many projects are currently #BuildingOnCardano 💪

Join us at @Consensus2022 or at the free #CardanoAtConsensus meetup in Austin on 6/08 & connect with some of the people behind some of #Cardano’s exciting projects!

Register here: https://t.co/Jw4PE2ZI2a pic.twitter.com/5nzigL8alD

— Input Output (@InputOutputHK) June 6, 2022

In its most recent weekly report, IOHK supplied the latest network growth statistics, in which it indicated that a total of 89 projects have recently been launched on Cardano, while the number of NFT projects has climbed to 5,796. Cardano native tokens have also surpassed 5 million.

Cardano faces institutional inflows

Cardano is seeing inflows of funds from institutional investors as the demand for the network is on the rise ahead of the Vasil Hard Fork slated for June 29. Over the weekend, on-chain analytics firm Santiment reported that large whale transaction counts have begun to appear on the ADA network, leading to a rise in ADA prices.

On June 6, the ADA price rebounded as much as 15% in the latest crypto market recovery before trimming off gains to trade at $0.587.

Grayscale has increased their allocation towards #Cardano in their Smart Contract Platform Ex-Ethereum Fund. Now 32.33%

This speaks volumes.$ADA pic.twitter.com/GOjREavzp6

— Dan Gambardello (@cryptorecruitr) June 6, 2022

Crypto capital venture founder Dan Gambardello reports that asset manager Grayscale has increased its exposure to Cardano.

In late March, Grayscale Investments announced the launch of the Grayscale Smart Contract Platform Ex-Ethereum Fund (“GSCPxE” or the “Fund”), its 18th investment product and third diversified fund offering.

The fund provided investors with exposure to projects such as Solana, Polygon, Avalanche and others.

Cardano got the biggest weighting of the fund with 24.63% then, but now this figure has risen to 32.33%, according to Gambardello.

Source: https://u.today/cardano-reaches-new-milestone-in-number-of-projects-building-details

Post navigation

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

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.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.3K views

Related News

See more

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)