{"id":12959,"date":"2022-04-03T06:59:58","date_gmt":"2022-04-03T10:59:58","guid":{"rendered":"https:\/\/pley2win.com\/metaverse\/cardano-based-projects-see-a-huge-rise-in-volume\/"},"modified":"2022-04-03T06:59:58","modified_gmt":"2022-04-03T10:59:58","slug":"cardano-based-projects-see-a-huge-rise-in-volume","status":"publish","type":"post","link":"https:\/\/pley2win.com\/?p=12959","title":{"rendered":"Cardano-based Projects See A Huge Rise In Volume"},"content":{"rendered":"
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Recent ongoings in the Cardano blockchain have seen the rise of DeFi and smart contract activity. The blockchain\u2019s smart contract activities have spiked as there are now over 2000 smart contracts deployed on the network.<\/p>\nThe Cardano ecosystem as a whole has seen a huge increase recently.<\/figcaption><\/figure>\n
The Increase in Activity<\/h2>\n
Cardano has recently crossed the number of smart contracts on the platform at 2,000 for the first time in the blockchain\u2019s history. This comes after sceptics have criticized the network for its lower activities since the Alonso testnet upgrade last year.<\/p>\n
In addition to the number of smart contracts increasing, the chain\u2019s DeFi activity has seen a massive increase in its TVL (Total Value Locked) in March. TVL is a key indicator that shows the overall interest in DeFi. Cardano TVL has gained 39,000% since the beginning of 2022.<\/p>\n
Despite these increases, the Cardano team is apparently still focused on building. They have scheduled the \u2018Vasil hard fork\u2019 to be introduced in June. This hard fork is expected to improve transaction throughput on the platform and increase liquidity and volume.<\/p>\n
In the past month, Cardano ($ADA) has gone from $0.89 to a current price of $1.16, which is an increase of 30%. Cardano still sits at under half the price of its all-time high of $3.10.<\/p>\n
Snoop Dogg and Cardano<\/h2>\n
Snoop Dogg recently announced a collaboration with a Cardano NFT project titled Clay Mates. This comes after he\u2019s been extremely bullish on the NFT and metaverse space as a whole. He\u2019s had a particular focus on Ethereum-based projects.<\/p>\n
Snoop Dogg is set to collaborate with his son, Cordell Broadus, known as Champ Medici in the NFT world, for an NFT collectibles drop. Also, they\u2019ll drop a new exclusive map area to the Clay Nation clayverse, titled \u2018Baked Nation\u2019.<\/p>\n
Supposedly in the preparation and research stages before announcing this partnership, Champ Medici came to Twitter to say: \u201cI didn\u2019t know the CNFT community was that deep\u201d, an extremely positive comment on the space coming from a big name.<\/p>\n
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![\"Cardano\"](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/04\/Cardano.jpg\")