📄 Messari: State of Cardano Q1 23' report | Cardano’s DeFi growth | ADA ecosystem explodes

🔥 Today's highlights

Messari: Announcing the release of Red Sheehan's State of Cardano Q1 23' report. Here are some key highlights - $ADA's market cap increased by an impressive 54% QoQ. Total value locked (TVL) denominated in USD on Cardano witnessed a remarkable 172% QoQ increase. And stablecoin value on Cardano also witnessed an impressive 261% QoQ increase, driven by the launch of Indigo's $IUSD and Djed's $DJED. (link)

Cardano’s DeFi TVL rose 172% in Q1 amid significant ecosystem growth: Messari - Cardano's TVL (total value locked) surged 172% QoQ, boosted by the Indigo and Djed stablecoins with respective volume spikes of 72% and 27%. The TVL increased from $50.8 million in Q4 2022 to $138.3 million in Q1. (link)

Cardano reaches massive milestone as ecosystem explodes - Cardano achieves a major multimillion milestone as the ecosystem continues to grow rapidly. According to the latest daily GitHub development activity report, Cardano is ranked second. (link)

Cardano Price Tanks After A Steady Rally, When Will ADA Resume The Uptrend? Cardano's positive price trend in April was interrupted on April 17, as bears returned to bring forth a downtrend after a steady rally since April 11. (link)

The 2nd round of @AstarterDefiHub DEX Closed Beta Test is launched on Mainnet! --- https://dex.astarter.io --- Enjoy testing! (eligible addresses)

How Cardano's Aiken Launch Pushes ADA To New Heights - Cardano's ADA has increased by over 6% in the past day due to its Aiken launch, propelling it to new heights in the crypto market. (link)

Cardano: If You Invest $1,000 Now, How Much Would You Earn if ADA Reaches ATH? ADA, Cardano's native token, was launched in 2017 at a price of $0.026. A $1,000 investment at that time would have resulted in nearly 38,661 tokens. After trading sideways for almost three years, the token's price began to rise in 2020. (link)

Cardano (ADA) Price Analysis: Rally Could Resume Above $0.45 - ADA's price is surging over the $0.4200 mark against the US Dollar, surpassing $0.400 and the 55 simple moving average in 4 hours. There is a bearish trend line forming alongside the upward trend, which should be closely monitored. (link)

Cardano (ADA) and XRP Take Center Stage as Funds Flow In - Investors have shown optimism towards traditional cryptocurrencies Cardano (ADA) and XRP, with fund flow data revealing bullishness among investors. (link)

Price analysis 4/17: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL - Bitcoin's current pullback presents a chance for traders to strengthen their position or make new entries. Such pullbacks are typical during uptrends and help eliminate weaker positions. (link)

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