Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?


Cardano’s Ecosystem Explodes

Cardano (ADA) has followed the general trend in the market and records losses across the board. The seventh crypto by market cap trades at $1.22 with a 2.2% and 10% loss in the past 24 hours and 7 days, respectively.


However, Cardano continues to be one of the most active ecosystems in the crypto industry. This won it the title for most active project on GitHub in 2021 as developers rushed in to explode its smart contract and interoperable capabilities.

As the Marketing and Communications Director for Input Output Global (IOG) Tim Harrison reported, the Cardano project has over 67 active repositories, with 106 releases, over 38,000 GitHub commitments, and more. Harrison wrote the following giving credit to the community:

(Cardano) is the most active project to date. That’s just core work. With community tools, scripts, APIs & a fast expanding dApp ecosystem, there are 100s more repos out there, steadily filling with code from every corner of the community.

Still, the network has seen backlash from users and critics claiming that it has failed to quickly introduce dApps, and projects capable of leveraging its smart contracts capabilities. Deployed with Hard Fork Combinator (HFC) event Alonzo”, these capabilities have been lived for over four months.

In that sense, IOG released a list with the projects already building use cases on Cardano which included: decentralized exchanges (DEX), identity, blockchain gaming, an oracle service, and others. The company claimed that developers “have been working restlessly” on these implementations.

Amongst the listed project, the company mentioned Adax, a decentralized exchanged built on Cardano and audited by cibersecurity firm BTC Block. In addition, DripDroz, a platform for token distribution parameters, and Martify, a platform to deploy blockchain solution, made it to the list.

Cardano DeFi, An Expanding Ecosystem?

As NewsBTC reported, Cardano has been deploying dApps since the implementation of HFC event Alonzo. In addition to the aforementioned projects, IOG mentioned AnetaBTC, a project to roll-out a synthetic version of Bitcoin (BTC) on this network, and Minswap, a multi-chain DEX.

There were many other projects on the list as the company attempted to demonstrate the level of activity and the number of projects building and already deployed on this network. IOG added the following:

The growing ecosystem build around this network seems poised to contribute with ADA’s long-term appreciation. In the short term, the cryptocurrency could see further downside if Bitcoin is unable to find support and bounce from its current levels.




The first NFT lending and borrowing platform on Cardano, Aada finance, has launched a bug bounty competition. The competition comes in preparation for the...


Buyers’ momentum increases in Cardano market ADA Price Analysis – September 04 When the buyers exert more pressure, the daily candle may close above...


Cardano, one of the leading blockchain developers, has secured the top spot in a new report looking into the intimacy of global brands. Cardano...

Crypto News

The United Kingdom’s All Party Parliament Group (APPG) has initiated a scrutinization of the country’s stance on crypto regulation. As announced, the investigation aims...