DEXes on Cardano performed well However, the network’s TVL continued to decline along with daily activity MELD DeFi, a popular Decentralized Exchange (DeX) on the Cardano [ADA] network, stated that it would be expanding its reach and growth in a 2 January tweet. It would do so by becoming a multi-chain protocol and would launch […]
According to data provided by Staking Rewards, the number of stakers on the Cardano network increased by 60.29% in the last week. At the time of writing, there were 1.08 million stakers on the Cardano network. The number of stakers grew, although the revenue being generated by them decreased by 23.17% over the last month.Even though the number of stakers on the Cardano network grew, the activity on the Cardano network declined.
However, even though the activity on the Cardano network was waning, the funding rate observed growth. This suggested that traders who went long on Cardano were making profits. This could be seen as a bullish sign and could suggest the possibility of a price reversal in the coming future.At the time of writing, ADA was trading at $0.253. Its price fell by 0.66% in the last 24 hours, according to
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