Cardano ADA TVL Surges 160%, Streamlines Mainstream Adoption

Hoskinson further shared the notable network developments that have given Cardano better market momentum. 

Hoskinson further discussed Cardano’s data protection chain, dubbed Midnight. He added how infrastructural projects such as Sonor, Hydra, and Milkomeda played an elemental role in shaping the ADA ecosystem.

“We’re growing and growing and growing and growing. So, in three years, five years, or ten years, at that rate of growth, you can see how vibrant of an ecosystem Cardano is going to be,” he later shared.

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ADA is poised to gain further market momentum.

Messari’s report also highlighted Cardano’s growing numbers related to average daily transactions and active addresses. 

“So, the long and short of it is that Cardano is growing strong, and things are looking good.” Stated Hoskinson, adding, “I want to thank Messari for writing a decent report, and we look forward to future reports.” Hoskinson later shared

Cardano’s latest achievement, outlined by Messari, has bolstered its prospects for a potential bull run. Notably, ADA has been showing stronger signs of ascent over the past three weeks, with minor drops in its price now and then. 

At press time, ADA was trading at $0.6055, up 43.4% in the last 24 hours.