Mars 2022 has been a very fruitful month for the Cardano blockchain (ADA). She had, in fact, seen an increase in the number of users. In addition, the number of jalonnement instruments and other mechanisms in use has increased. Is there any evidence that Cardano (ADA) is on the verge of surpassing Ethereum (ETH)?
A high-performance blockchain
On Twitter, the official account of the Cardano Whale community shared some useful facts on the accelerated adoption of the Cardano cryptocurrency (ADA). He has also made available statistics on decentralised money protocols (DeFi).
Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast
— ADA whale (@cardano_whale) March 20, 2022
According to the analysis of publicly available data, Cardano has the largest increase in total blocked value (TVL) among all DeFi first-rank protocols. According to DeFi Llama, the total bloated value of Cardano (ADA) has increased by 15% in the last 24 hours to 277 million dollars. During the last two weeks, he has more than doubled.
At the time of writing, Cardano (ADA) controls 0.2% of the DeFi ecosystem, and this is only 6 months after the launch of smart contracts. As a result, many people believe that the blockchain will be able to match Ethereum's performance (ETH).
While the success of Cardano (ADA) allows it to rise in the ranks of blockchains on which investors have high expectations, it is premature to conclude that it will be more profitable than Ethereum (ETH). Currently, the Ethereum (ETH) blockchain is 50 times more popular than Bitcoin (BTC).
A widely used blockchain
Cardano (ADA) is a blockchain that has been widely used for a few months. According to DeFi Llama, there are now 5 blockchain-based protocols in use. Cardano is also used by a multichain application called MuesliSwap and a new Bitcoin Cash-based platform called SmartBCH.
Finally, more than 99 percent of Cardano's TVL is controlled by the decentralised cryptomonnaies exchanges Minswap (MIN) and Sundaeswap (SUNDAE). Muesliswap (MUESLI) and ADAX Pro (ADAX) are also on the list.
Cardano (ADA) is a blockchain whose statistics are becoming impressive. The blockchain, in fact, is widely used by developers and professionals in the cryptocurrency industry. As a result, analysts believe it is possible that it will outperform Ethereum (ETH). However, nothing allows us to be completely certain for the time being. There is a chance that this will change in the future.
Source : U.Today
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