The post Cardano News : ADA On-Chain Metrics Spikes Amid Major Announcement at the Cardano Summit 2023  appeared first on Coinpedia Fintech News

The seventh largest digital asset by market capitalization,  cardano

cardano

Blockchain Network

  (ADA), has seen its daily traded volume spike by more than 107 percent to about $552 million in the past 24 hours. As a result, Cardano’s price edged 3.48 percent higher on Thursday, during the early London market session, to trade around $0.41. 

Since the Alonzo hard fork in late 2021, the Cardano ecosystem has continually worked on its smart contract infrastructure to compete with top DeFi chains like Ethereum, Tron network, and Binance Smart Chain. According to aggregate data provided by Coinglass, the Cardano ecosystem has a total value locked (TVL) of approximately $155 million. 

Top Cardano DeFi projects include Djed stablecoin, Minswap, Indigo, Sundaeswap, and MuesliSwap, among others. Meanwhile, the ADA community is eagerly waiting for today’s major announcement during the Cardano Summit 2023.