- Cardano Staking Reaches $10.4 Billion Worth of ADA Tokens Following Shelley Update
- Cardano ADA Declines Significantly Along with the Rest of the Market
Cardano News Today – The Cardano Shelley hardfork has come and gone and things are going smoothly so far. It’s been about two weeks since the Shelley network launch and staked Cardano ADA is now $10.4 billion and counting. The network performance has been awesome as well. Staking metrics show that more than 919 staking pools are working on over 25, 000 Yori and Daedalus wallets across the industry. The number is staked ADA has increased by more than 33.5% since staking started. Members of the Cardano community are still creating staking pools in different parts of the world.
Thanks to the release of Daedalus 2.0.1, staking has been incredibly fast. All the bugs in the previous version have been fixed making it possible for people to redeem their ITN rewards without hassle. The delegation process on the blockchain is also easy and IOHK has released visual aids that make it even easier for people to follow through the process. A process that would have been complicated is now easy and fast. To make things even easier, Cardano released a new version of the Yoroi Nightly android wallet.
Cardano (ADA) Price Today – ADA / USD
According to Quantstamp, a company that audits Cardano’s network, the Cardano codebase is only second to Ethereum Prysm. It is better than Tezos and other decentralized computers. While the Cardano blockchain doesn’t have smart contract capacities yet, they will be available soon. Quantstamp acknowledged that Cardano and IOHK put a lot of effort into the development and deployment of Shelley. Part of it was as follows;
“We also audited Prysm from Eth 2.0 and we would say that in terms of quality, similar to Prysm, it is one of the best codebases we have seen.”
One of the most popular Cardano supporters, Cardanians.io, noted that the decentralized Cardano ecosystem presents one of the greatest opportunities that will promote the adoption of the Cardano blockchain and the ADA token. In Cardanians.io’s words;
“It is going to be even better with tokens, smart contracts, and other features… #Blockchain technology is a revolution and we need people.”
At the time of writing, the price of the Cardano ADA token was $0.129679. This means that it is down by 8.76% against the USD and down by 5.07% against Bitcoin BTC. The decline since the beginning of trading this morning has been discouraging. The trading volume over 24 hours is $346,898,373 and the market capitalization was $3,362,184,624. At its peak price during the latest Bitcoin surge, ADA moved as high as $0.15$0.129679 USD (-8.76%)