The beginning of 2022 was one of the best times in Cardano’s history, with the network’s fundamental value skyrocketing and the blockchain receiving $200 million in Cardano TVL in a matter of weeks. When new solutions and dApps become available, some significant market participants believe Cardano’s value as a network will rise even further.
The whale has explained what the Cardano community may expect over the next three to six months, since some projects have already revealed solutions for later this year. Stablecoins based on Cardano are among the most valuable assets for any blockchain, as they are frequently used as a link between the fiat and crypto worlds. The USDT (Tether) stablecoin based on the TRX network has already reached $40 billion in circulation on the Tron network.
The launch of a top stablecoin solution on Cardano is expected to attract billions of dollars to the network, putting it on par with Ethereum, Tron, and Solana. With the rapid expansion and development of the DeFi business in 2021, wrapped versions of well-known assets like Bitcoin and Ethereum have become increasingly popular. Wrapped assets are widely anticipated by Cardano users because they offer cross-chain exposure to assets that are not based on, in this example, the Cardano network.
Users will be able to access services like lending and synthetic assets, hardware wallet compatibility, and DEXes with low data loss in addition to the aforementioned solutions. All of these features are already available on some of the most popular networks, like Ethereum and Solana. Cardano’s development of these functionalities will make blockchain-based solutions much more appealing.
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