IOHK CEO Charles Hoskinson has stressed once again that Cardano has no secrets, in response to opponents who have called Cardano an “obfuscated fraud”. After the UST “death spiral,” which saw the Terra environmental collapse, some have raised concerns regarding stablecoins and cryptocurrencies.
Welcome as much digging as possible. There isn't anything to hide. Just uears of progress, building, and a massive community. Keep making public defamatory statements before a vast audience that are admissible.
— Charles Hoskinson (@IOHK_Charles) May 16, 2022
Concerns regarding the state of the Cardano ecosystem have lately emerged. While ADA is worth more than $19.41 billion, its DeFi ecosystem is worth more than $137 million. Opponents claim Terra’s ecosystem was worth more than $30 billion at its height.
Factors of Cardano ecosystem growth
Charles Hoskinson reveals what he considers to be the most important factors driving Cardano ecosystem growth: “Years of development, construction, and a sizable community.”
Cardano now has 937 active projects, up from 925 before. Cardano now has 84 projects and 5,549 NFT projects. According to the latest figures published by IOHK, Github connections reached 2,609 this week, while Cardano native tokens reached 4.7 million.
Vasil hard fork remains on schedule
The Vasil Hard Fork, scheduled for June 29, will see substantial improvements to Cardano and its smart contract framework, Plutus. According to IOHK, the forthcoming Vasil update will include four CIPs: CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), and CIP-40 (Collateral Outputs).
🐳 #Cardano's whales showed a flurry of transactions yesterday as prices were bottoming out to $0.40, between 8am and 12pm UTC. These spikes have very commonly indicated price direction changes for $ADA, and we're monitoring further whale activity closely. https://t.co/KKnjXVH8no pic.twitter.com/aRTfClg8qQ
— Santiment (@santimentfeed) May 13, 2022
Santiment, an on-chain analytics startup, observed a frenzy of whale transactions for Cardano ADA over the weekend. Cardano’s whales indicated a flurry of transactions as prices fell below $0.40. These jumps have historically signalled a change in price direction for ADA while ADA was trading at $0.56, up 4%.
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