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Epoch Art

<div id="content"><div><div><div id="primary"><div><div><div>&ndash; Advertisement &ndash;<a target="_blank" href="https://bit.ly/3uvm777" rel="noopener"><img decoding="async" data-lazyloaded="1" data-sizes="auto" data-srcset="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=75&amp;resize=75 75w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=100&amp;resize=100 100w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=150&amp;resize=150 150w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=240&amp;resize=240 240w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=320&amp;resize=320 320w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=500&amp;resize=500 500w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=640&amp;resize=640 640w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=800&amp;resize=800 800w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1024&amp;resize=1024 1024w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1280&amp;resize=1280 1280w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1600&amp;resize=1600 1600w" data-src="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" alt="Follow-Us-On-Google-News" width="728" height="90" src="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a>Cardano dApps witnessed a surge in unique account growth in the last five days, as Indigo Protocol topped the list with an increase of over 62,000%.Decentralized application (dApp) projects on the Cardano network saw a massive surge of unique accounts within the past five days, with Indigo Protocol having an incredible account growth of 62,109% as it tops the list of projects with the highest increase in unique accounts.Cardano Daily first disclosed the achievement, an unofficial community-driven Twitter handle dedicated to providing updates on Cardano-related developments. &ldquo;The top gainer in the percentage of the growth of the unique account is @Indigo_protocol &ndash; a project which has been going mainnet in the last week. Congratulations for having such an amazing beginning,&rdquo; Cardano Daily disclosed Monday, sharing a dashboard with more information on the top projects.UNIQUE ACCOUNT GROWTH ON CARDANO DAPPS &nbsp; The top gainer in percentage of the unique accounts growth is <a target="_blank" href="https://twitter.com/Indigo_protocol?ref_src=twsrc%5Etfw" rel="noopener">@Indigo_protocol</a> &ndash; a project which has been going mainnet in the last week. Congratulations for having such an amazing beginning! &nbsp;<a target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#cardano</a> <a target="_blank" href="https://twitter.com/hashtag/account?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#account</a> <a target="_blank" href="https://twitter.com/hashtag/growth?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#growth</a> <a target="_blank" href="https://t.co/PTY0RZvqOO" rel="noopener">pic.twitter.com/PTY0RZvqOO</a>&mdash; Cardano Daily (@cardano_daily) <a target="_blank" href="https://twitter.com/cardano_daily/status/1597213867565727745?ref_src=twsrc%5Etfw" rel="noopener">November 28, 2022</a>The dashboard reveals that Indigo Protocol currently has unique accounts totaling 835, with a rapid surge of 62,109% following its launch on the mainnet. Second on the list is DeFi protocol Aada Finance with a unique account increase of 278% in the past five days, leading to 1.8K unique accounts.Community-driven project ADAO claims the third position with a surge of 97% in the last five days, with unique accounts totaling 134. The fourth project is the NFT marketplace Flipr which had a unique account increase of 96% to 898 accounts. Reward and distribution platform SmartClaimz is fifth, with an 82% increase and unique accounts of up to 199.The sixth project is the DeFi protocol, Minswap. Minswap had a 79% increase in unique accounts in the last five days, leading to total unique accounts of 53K. WingRiders has 12.7K unique accounts following a 62% surge, claiming a seventh position on the top list. MuesliSwap is eighth with a 56% increase, having up to 40.3K accounts.Ninth and tenth are, respectively Artifct and Epoch Art, two NFT marketplaces, with respective growths of 42% and 27%. While Artifct has total unique accounts of 744, Epoch Art has 5.5K.<h2>Innovation on Cardano Sees a Rapid Increase</h2>These massive surges in unique accounts indicate the growing adoption of the Cardano ecosystem, as several developers bring it to public exposure through numerous projects. Cardano Daily highlighted that the DeFi sector contributed to half of the list of assets with the highest unique account growth, indicating the growing attention in the scene as the markets seek to recover.As a testament to the growing adoption rate on the network, Cardano&rsquo;s co-founder Charles Hoskinson <a target="_blank" href="https://twitter.com/IOHK_Charles/status/1595871542961115136?t=VLX4-Mwh4jU3kkAzTYf6GA&amp;s=19" rel="noopener">highlighted</a> reports of a 90% increase in daily active addresses on the network last Thursday. Furthermore, the number of smart contracts based on Plutus <a target="_blank" href="https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_a6behjl6oc" rel="noopener">surged</a> 300% this year to 3,791 last Saturday amid active development moves on the network.Additionally, as a means to drive more innovation, the stablecoin DJED was recently slated to launch on the Cardano mainnet in January 2023, as previously <a target="_blank" href="https://thecryptobasic.com/2022/11/21/cardano-stablecoin-djed-launch-date-announced/" rel="noopener">reported</a>.Meanwhile, the first USD-backed stablecoin on the Cardano network, dubbed iUSD was <a target="_blank" href="https://twitter.com/cryptorecruitr/status/1594809477303246869?t=Eei48z6zNIH2c-nr95yrKA&amp;s=19" rel="noopener">launched</a> by Indigo Protocol last Monday. Furthermore, in addition to the expected launch of DJED, Cardano will be <a target="_blank" href="https://thecryptobasic.com/2022/11/18/first-usd-backed-stablecoin-launching-on-cardano/" rel="noopener">welcoming</a> another stablecoin, USDA, from EMURGO in early 2023.&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/11/28/cardano-dapps-witness-a-surge-in-unique-account-growth-with-indigo-protocol-leading/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=cardano-dapps-witness-a-surge-in-unique-account-growth-with-indigo-protocol-leading</div></div><h2>Post navigation</h2></div></div></div></div>

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Cardano dApps Witness a Surge in Unique Account Growth, With Indigo Protocol Leading

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5 hours ago | 3 mins read
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<img width="640" height="390" alt="" data-srcset="https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-1024x624.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-300x183.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-768x468.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3.jpg 1400w" data-src="https://thenewscrypto.com/wp-content/uploads/2022/03/cardano-3-1024x624.jpg" data-sizes=" 640px) 100vw, 640px" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="> Altcoin News Ever since Cardano went live on the mainnet, hundreds of promising projects have joined the network, including decentralized applications (dApps), decentralized finance (DeFi) protocols, <a href="https://thenewscrypto.com/news/nft-news/" target="_blank" rel="noreferrer noopener">non-fungible tokens (NFTs), </a>and metaverse projects, just to name a few.
<a href="https://docs.google.com/document/d/1oHEastCHyNOP9W2VtC7P8tRl5Ti-NrholJpZ1UxeVQs/edit?usp=sharing" target="_blank" rel="noreferrer noopener nofollow">Ardana</a> is one such Cardano-native project that aims to unlock DeFi primitives on the Cardano blockchain. As an all-in-one DeFi hub for Cardano, Ardana is building a wide range of products powered by its over-collateralized and asset-backed stablecoin dUSD (Ardana Dollar). To date, the Ardana ecosystem consists of a decentralized exchange (DEX) and an on-chain asset-backed stablecoin protocol designed to meet the growing demand for DeFi and liquidity on Cardano.
Furthering its vision to position Cardano as a frontrunner in today&rsquo;s hyper-competitive DeFi market, the Ardana team has partnered with <a href="https://metadams.io/" target="_blank" rel="noreferrer noopener nofollow">Metadams</a>, the first-of-its-kind Cardano-based play-to-stake metaverse. With this strategic partnership in place, the Metadams team will help the Ardana team build their first digital branch in the metaverse.&nbsp;
This new tie-up will support Metadams users as they seamlessly interact with the Ardana ecosystem without ever having to leave the Metadams metaverse. As the partnership develops, both platforms will work together to expand Ardana&rsquo;s digital branch further, making it a preferred destination for the broader crypto community to congregate.
<h2 id="h-making-cardano-attractive-for-users">Making Cardano Attractive For Users</h2>
Cardano-based projects, especially <a href="https://thenewscrypto.com/tag/defi/" target="_blank" rel="noreferrer noopener">DeFi</a>-related projects, are yet to operate at full capacity. Moreover, community participation is still very much in its early stages. Accordingly, this partnership between Ardana and Metadams will play a critical role in engaging more users and encourage the remainder of the cryptoverse to participate in the Cardano ecosystem.
Ardana stands out as the first DeFi hub of Cardano. Built by experienced professionals from leading mainstream organizations like Barclays, Microsoft, and Apple, Ardana&rsquo;s <a href="https://thenewscrypto.com/tag/dex/" target="_blank" rel="noreferrer noopener">DEX</a>, powered by the platform&rsquo;s stablecoin dUSD, empowers users to access on-demand borrowing. Since the dUSD is over-collateralized with ADA (Cardano&rsquo;s native token) and other Cardano-native assets, it allows users to trade stablecoins and other identical assets with high capital efficiency, low costs, and equally low risks, positioning it as an attractive financing tool.&nbsp;
Metadams, on the other hand, is Cardano&rsquo;s first play-to-stake metaverse project. By incorporating gamification techniques with the usual process of staking ADA, Metadams enables users to generate promising rewards over time. The platform offers different base reward rates while introducing a new way to play games, thereby delivering a gaming and earning experience that&rsquo;s concurrently fun and exciting for users.
<figure><img width="1024" height="576" alt="" data-srcset="https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1024x576.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-300x169.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-768x432.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1536x864.jpg 1536w, https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO..jpg 1600w" data-src="https://thenewscrypto.com/wp-content/uploads/2022/03/CARDANO.-1024x576.jpg" data-sizes=" 1024px) 100vw, 1024px" src="image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="></figure>
Usually, Cardano users stake their ADA in the network&rsquo;s classic staking pools that stand to earn around 4.8% staking rewards. However, when a user stakes their ADA in Metadams&rsquo; staking pools, they can potentially earn higher in-game rewards for performing specific tasks. On top of this added-value, Metadams redistributes 100% of the staking rewards among players, in keeping with the core vision of the platform, which is focused on expanding the Cardano community.
In addition to partnering with Ardana, Metadams has also joined forces with other Cardano-based projects that can benefit from its inherent features. The big names on the list include Cardanians, Chilled Kongs, Epoch Art, Muesli Swap, Rats DAO, and several others, thereby attempting to bring the very best characteristics of the Cardano ecosystem under one roof into a single metaverse.&nbsp;
The partnership between Ardana and Metadams, paired with Cardano&rsquo;s speed, scalability, and security, will not only lower DeFi&rsquo;s entry barriers, but more importantly, also support a sustainable ecosystem focused on offering decentralized liquidity and added value for everyone.





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Thenewscrypto

Cardano-Based Ecosystems Ardana And Metadams Join Hands To Advance Network’s Nascent Reach

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