Cardano ADA TVL Surges 160%, Streamlines Mainstream Adoption

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A new positive report by analytics firm Messari has compelled Charles Hoskinson, the founder of Cardano, to share new insights on the growth prospects of ADA. 

Per the new report, Cardano’s total locked value increased by 160% in Q3. The report also emphasized ADA’s ranking, which has moved to 11th place from its earlier position of 34. 

Also Read: Cardano (ADA) Rallies 11%, Can it Hit $0.60 By This Weekend?

Cardano is Growing Strong: Charles Hoskinson

In a new YouTube video shared by the ADA founder, Hoskinson discussed the potential of Cardano based on the new Messari report. 

He outlined the latest ADA achievements, reflecting the increased adoption of Cardano as the leading crypto network. 

Per the report, the stablecoin value has increased by 137% year on year, followed by the token price, which has surged by a whopping 137%. 

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.

Also Read: Cardano (ADA) Could Surge 32% Soon, Here’s How

ADA is poised to gain further market momentum.

Source: Reddit

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. 

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