Decoding the possibilities of Cardano’s TVL touching its previous ATH

Cardano’s TVL increased by more than 9% in the last 24 hours. ADA's outlook looked bullish in the long run.

One of the key takeaways from the Twitter thread was Cardano’s scaling efforts. The blockchain’s Hydra team is responsible for it, and the team is now preparing for the 0.10.0 mainnet release., the new release could have a larger impact on the ecosystem, as a whole.

Apart from that, the Plutus team worked on new Plutus built-ins to support BLS12-381 curves. This functionality is expected to be available in Plutus v3. Therefore, considering Cardano’s growth on the development front, the possibility of ADA’s TVL uptick seems likely.Meanwhile, a look at Cardano’s key metrics suggested that the network’s health was good.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum [ETH]: Decoding the possibility of a price correction as failed transactions surgeWith the total number of failed Ethereum transactions reaching 509, 893, the million-dollar question is whether or not a price correction is imminent.
Read more »

Avalanche’s [AVAX] Q1 performance was not the best; will Q2 be any different?Avalanche witnessed declines across several areas in Q1, such as active addresses, NFT sales, and TVL. However, its revenue registered an increase in the last quarter.
Read more »

PancakeSwap v3 completes one month- Assessing its performancePancakeSwap v3’s Total Value Locked (TVL) touched $239 million in just a month of its launch.
Read more »

BTC, ETH feel the bearish pinch amid ongoing net outlflows. Decoding…Digital asset investment products recorded second straight week of net outflows, in what could be a response to the likelihood of further interest rate hikes by the U.S. Federal Reserve.
Read more »

Are federal Liberals losing touch with younger Canadians?Some young members and a party veteran fear the Liberals are at risk of losing touch with the younger, centre-leaning progressives they need the support of to remain in power.
Read more »

Chris Pratt Reveals ‘Guardians Of The Galaxy’ Cast Will Stay In Touch Via Group Text After Franchise Comes To An EndThe 'Guardians of the Galaxy' franchise is set to end with its third and final movie, but the cast's group text isn't going anywhere. Chris Pratt spoke to People about the close friendships he's formed on the movie over the years. [readmore label='READ MORE: ' link='https://etcanada.com/news/989699/karen-gillan-once-attended-couples-therapy-in-full-nebula-makeup-i-forgot-i-scheduled-a-session-on-a-day-we-were-shooting/'] The Star-Lord/Peter Quill actor told the mag while attending…
Read more »