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Every week, there are updates from the Cardano ecosystem. Therefore, Altcoin Buzz takes a look at the updates from the third week in February to keep readers informed.
Last week, Bitrue announced support for the $ADA token. We’ll also look at the proportion of TVL on the Cardano ecosystem.
1 – Bitrue Announce Support to $ADA
Cryptocurrency exchange platform, Bitrue, has announced support for Cardano ($ADA). This development is part of Bitrue’s decision to add 10 new trading pairs on its platform, with Cardano ($ADA) serving as a base pair.
Besides, this initiative is part of a growing relationship between Cardano blockchain and Bitrue. This initiative will also provide more options to users.
Bitrue has long supported #Cardano & $ADA, and next week we'll have a special announcement coming which will really show our dedication! Can you guess what it might be? Someone who gets it right will win 50 ADA 💰 @CardanoStiftung @Cardano pic.twitter.com/hDGxYs2hVs
— Bitrue (@BitrueOfficial) February 17, 2022
2 – Cardano Ecosystem TVL Proportion
This week, a DeFiLlama report stated that the Cardano ecosystem has $193.83 million in TVL (Total Value Locked). According to the report:
- SundaeSwap holds the most TVL on the ecosystem, it has 65.83% of the total TVL (equivalent to $127.6 million).
- Meld has the second-most TVL, it has 28.82% of the total TVL (equivalent to $55.86 million).
- VyFinance follows next with 3.86% of the total TVL (equivalent to $7.49 million).
- Lastly, MuesliSwap has 1.48% of the total TVL (equivalent to $2.87 million).
CARDANO TOTAL VALUE LOCKED ‼
The @Cardano TVL keeps increasing day by day 😍@SundaeSwap is leading 🤘#Cardano #ADA $ADA $SUNDAE $MELD @MELD_labs @VyFiOfficial @MuesliSwapTeam pic.twitter.com/mPdfCT4wHZ
— Cardano Daily (@cardano_daily) February 18, 2022
3 – Top Gaining Tokens on Cardano Ecosystem
During the week, a CoinGecko report revealed the top gaining tokens on the Cardano ecosystem for February 23rd:
- ADAPad ($ADAPAD) had the most gain on the day, recording a 10% rate of price increase.
- Cardano ($ADA) follows closely with an impressive 9% rate of increase in price performance.
- SingularityNET ($AGIX) has a positive performance with a 3.6% rate of increase in price performance.
- Orion Protocol ($ORN) is also among the top gainers with a 3.3% rate of increase in price performance.
Price Performance of @CardanoStiftung Tokens Last 24H$ADAPAD @ADAPadofficial $ADA @CardanoStiftung $AGIX @singularity_net $ORN @orion_protocol $MATRIX @matrixswap $CW @CardWallet_fi
$C3 @Oraclecharli3 $ADAX @adax_pro $RDT @ridotto_io $CARDS @CardStarter #ADA #CARDANO pic.twitter.com/R5gCUTfn2A— Cardano Daily (@cardano_daily) February 23, 2022
$ADA Price Outlook
As of the time of writing this article, the price of ADA was $0.77 with a 24-hour trading volume of $1,76 billion. Besides, ADA price was down by 15.3% over the last 24 hours. ADA also has a circulating supply of 32 Billion ADA coins and a total supply of 45 Billion.