Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Cardano development activity could help the Ethereum killer navigate crypto winter

Altszn.com by Altszn.com
December 31, 2022
in Ethereum
0
Cardano development activity could help the Ethereum killer navigate crypto winter
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


  • Cardano ranks first among top blockchain protocols in 2022 in terms of development activity. 
  • The Ethereum killer outperformed Polkadot, Cosmos, Elrond, Optimism and others to top the development activity chart. 
  • Total value locked on the Cardano network has declined consistently throughout crypto winter. 

Cardano, a smart contract network considered an Ethereum alternative, witnessed the highest development activity when compared to other altcoins in the crypto ecosystem. Spike in development activity could fuel a bullish sentiment among ADA holders as the altcoin struggles to wipe out losses from crypto winter. 

Also read: XRP price forecast 2023

Cardano development activity leaves competitors to bite the dust 

Cardano is a smart contract blockchain network developed by blockchain engineering firm Input Output Global and headed by Charles Hoskinson. Throughout 2022, Cardano ecosystem topped the charts in developmental activity on its blockchain. 

Based on data from crypto intelligence tracker Santiment, the Ethereum alternative ranks first in the list of top 10 networks by development activity. 

When the assets ranked in the top 10 list are ranked by their Return on Investment (ROI) since it’s token sale in USD terms, it is as follows.

ICP – 1.01

FLOW – 6.84

DOT – 14.9

EGLD – 51.0

ATOM – 93.5

ADA – 102

MATIC – 301

ETH – 385

Cardano ranks eighth in the list with an ROI of 102. It’s important to note that despite hitting developmental milestones and the massive ROI for holders the altcoin lags behind in total value locked. This metric is the DeFi equivalent of total market capitalisation. 

Cardano lags behind in Total Value Locked

Based on data from DeFi tracker DappRadar, multiple decentralised applications in the network were unable to invite users to their platforms. Cardano’a popular frappe Miniswap and SundaeSwap lost 10% and 16.42% of active wallet addresses respectively. 

dApp activity on CardanodApp activity on Cardano

Declining dApp activity has hampered Cardano’s total value locked. 

DefiLlama, a DeFi data aggregator revealed that Cardano’s TVL had declined significantly. Within the last few months of 2022, the overall TVL generated by Cardano fell from $58 million to $50 million.

Cardano TVLCardano TVL

It remains to be seen whether fast paced development activity on the Cardano network will help the Ethereum killer wipe out losses from crypto winter. Cardano price is largely unchanged over the past 24 hours. 



Read More: news.google.com

Tags: ActivityCardanoCryptoCryptoCurrenciesdevelopmentETHEthereumKillernavigateSEOwinter
ADVERTISEMENT

Recent

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

May 9, 2025
Cointelegraph Bitcoin & Ethereum Blockchain News

Cointelegraph Bitcoin & Ethereum Blockchain News

May 9, 2025
How GAMEE Is Making Web3 Irresistibly Fun

How GAMEE Is Making Web3 Irresistibly Fun

May 9, 2025

Categories

  • Bitcoin (4,942)
  • Blockchain (11,601)
  • Crypto (9,539)
  • Dark Web (561)
  • DeFi (8,488)
  • Ethereum (5,009)
  • Metaverse (7,742)
  • Monero (303)
  • NFT (1,590)
  • Solana (5,093)
  • Web3 (20,982)
  • Zcash (508)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

    Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

    May 9, 2025
    Cointelegraph Bitcoin & Ethereum Blockchain News

    Cointelegraph Bitcoin & Ethereum Blockchain News

    May 9, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 103,033.00
    • ethereumEthereum (ETH) $ 2,348.40
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.36
    • bnbBNB (BNB) $ 672.14
    • solanaSolana (SOL) $ 172.30
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.206157
    • cardanoCardano (ADA) $ 0.781128
    • tronTRON (TRX) $ 0.263093
    • staked-etherLido Staked Ether (STETH) $ 2,349.15
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 102,968.00
    • suiSui (SUI) $ 3.97
    • chainlinkChainlink (LINK) $ 16.05
    • avalanche-2Avalanche (AVAX) $ 23.41
    • wrapped-stethWrapped stETH (WSTETH) $ 2,817.57
    • stellarStellar (XLM) $ 0.298251
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.202410
    • hyperliquidHyperliquid (HYPE) $ 24.94
    • bitcoin-cashBitcoin Cash (BCH) $ 414.20
    • the-open-networkToncoin (TON) $ 3.30
    • leo-tokenLEO Token (LEO) $ 8.68
    • usdsUSDS (USDS) $ 1.00
    • litecoinLitecoin (LTC) $ 104.30
    • polkadotPolkadot (DOT) $ 4.90
    • wethWETH (WETH) $ 2,351.78
    • moneroMonero (XMR) $ 317.25
    • wrapped-eethWrapped eETH (WEETH) $ 2,506.94
    • bitget-tokenBitget Token (BGB) $ 4.56
    • pepePepe (PEPE) $ 0.000013
    • pi-networkPi Network (PI) $ 0.734246
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,080.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • whitebitWhiteBIT Coin (WBT) $ 30.29
    • uniswapUniswap (UNI) $ 6.48
    • bittensorBittensor (TAO) $ 428.53
    • nearNEAR Protocol (NEAR) $ 2.92
    • aptosAptos (APT) $ 5.62
    • daiDai (DAI) $ 1.00
    • okbOKB (OKB) $ 55.21
    • aaveAave (AAVE) $ 212.20
    • ondo-financeOndo (ONDO) $ 1.01
    • susdssUSDS (SUSDS) $ 1.05
    • official-trumpOfficial Trump (TRUMP) $ 14.73
    • ethereum-classicEthereum Classic (ETC) $ 19.27
    • internet-computerInternet Computer (ICP) $ 5.48
    • crypto-com-chainCronos (CRO) $ 0.102043
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 103,033.00
    • ethereumEthereum (ETH) $ 2,348.40
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.36
    • bnbBNB (BNB) $ 672.14
    • solanaSolana (SOL) $ 172.30
    • usd-coinUSDC (USDC) $ 0.999997
    • dogecoinDogecoin (DOGE) $ 0.206157
    • cardanoCardano (ADA) $ 0.781128
    • tronTRON (TRX) $ 0.263093
    • staked-etherLido Staked Ether (STETH) $ 2,349.15
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 102,968.00
    • suiSui (SUI) $ 3.97
    • chainlinkChainlink (LINK) $ 16.05
    • avalanche-2Avalanche (AVAX) $ 23.41
    • wrapped-stethWrapped stETH (WSTETH) $ 2,817.57
    • stellarStellar (XLM) $ 0.298251
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • hedera-hashgraphHedera (HBAR) $ 0.202410
    • hyperliquidHyperliquid (HYPE) $ 24.94
    • bitcoin-cashBitcoin Cash (BCH) $ 414.20
    • the-open-networkToncoin (TON) $ 3.30
    • leo-tokenLEO Token (LEO) $ 8.68
    • usdsUSDS (USDS) $ 1.00
    • litecoinLitecoin (LTC) $ 104.30
    • polkadotPolkadot (DOT) $ 4.90
    • wethWETH (WETH) $ 2,351.78
    • moneroMonero (XMR) $ 317.25
    • wrapped-eethWrapped eETH (WEETH) $ 2,506.94
    • bitget-tokenBitget Token (BGB) $ 4.56
    • pepePepe (PEPE) $ 0.000013
    • pi-networkPi Network (PI) $ 0.734246
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,080.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • whitebitWhiteBIT Coin (WBT) $ 30.29
    • uniswapUniswap (UNI) $ 6.48
    • bittensorBittensor (TAO) $ 428.53
    • nearNEAR Protocol (NEAR) $ 2.92
    • aptosAptos (APT) $ 5.62
    • daiDai (DAI) $ 1.00
    • okbOKB (OKB) $ 55.21
    • aaveAave (AAVE) $ 212.20
    • ondo-financeOndo (ONDO) $ 1.01
    • susdssUSDS (SUSDS) $ 1.05
    • official-trumpOfficial Trump (TRUMP) $ 14.73
    • ethereum-classicEthereum Classic (ETC) $ 19.27
    • internet-computerInternet Computer (ICP) $ 5.48
    • crypto-com-chainCronos (CRO) $ 0.102043
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00