A new report highlights Cardano's impressive growth $ADA
The flourishing blockchain platform saw substantial increases in various financial and ecosystem metrics, including a nearly tripled Total Value Locked in decentralized finance . This growth is attributed to increased dApp transactions and the adoption of new stablecoins in the ecosystem.
The report also emphasizes Cardano's significant technical advancements in the areas of scalability and virtual machine compatibility. Several Layer-2 scaling solutions have debuted on the mainnet. Meanwhile, sidechains, such as Milkomeda C1 and IOG's EVM sidechain, continue to be developed, increasing compatibility.
These sidechains help streamline the integration of developers from other platforms, removing the learning curve for those unaccustomed to Cardano's eUTXO accounting model.
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