At the beginning of 2022, Cardano (ADA) made a quick start to the year, increasing its total locked value (TVL) by more than $200 million within weeks. Now, an ADA whale has listed what it takes to "take flight" for the Cardano network in a statement on Twitter.

Balina claimed that some of the items in the list she prepared are projects that have already been announced and that all of them will be realized in the next 3 to 6 months.

As the whale claims in his social media post, the list of things that must be required for ADA to rise:

  • stablecoins
  • Wrapped Bitcoin
  • Credit and derivatives
  • Hardware wallet support
  • Decentralized exchanges with low temporary loss (DEX)
  • ADA on-chain staking support
  • high efficiency

Cardano Stablecoins

Stablecoins are important assets for blockchains as they act as a kind of bridge between fiat currencies and the crypto world. Recently, the Tron network announced that the circulation of USDT (Tether) reached $ 40 billion.

Adding a stablecoin solution to the ADA ecosystem can transfer billions of dollars in funds to the network, catching up with blockchains like ADA, Ethereum, Tron, and Solana.

cardano ada-3

Wrapped Assets

Wrapped versions of popular cryptocurrencies such as Bitcoin and Ethereum have become extremely popular after the rapid growth of the DeFi industry.

Although Cardano is a relatively new coin in the DeFi world, Wrapped assets are eagerly awaited by users. Thanks to the wrapped assets, crypto assets such as Bitcoin and Ethereum, which are not on the ADA ecosystem, can be traded on the ADA network.

Cardano price is hovering around $1.15 at the time of writing. ADA's 24-hour trading volume is $1,108,098,773. Cardano (ADA) price is down -1.9% in the last 24 hours. There is a supply of 32 Billion ADA coins in circulation, with a total supply of 45 Billion coins. Cardano hit an all-time high price of $3.09 on Sep 02, 2021 (7 months).