According to TapTools, a Cardano-based analytics platform, Cardano has seen a surge in its social engagements in the last seven days.

It reports that Cardano has had over 457.99 million social engagements in the last seven days.

#Cardano has has over 457.99m social engagements in the last 7d.

— TapTools (@TapTools) May 13, 2023

This is not far-fetched, as social analytics platform LunarCrush highlighted a surge in Cardano's social activity. On May 11, LunarCrush declared Cardano the "coin of the day" as it topped social performance.

Cardano's social engagement rise might have been triggered by increased discussions regarding its ecosystem. This week, Cardano saw a slew of ecosystem developments and new releases.

Earlier in the week, Cardano node v.8.0.0, which brings a new governance action that facilitates conducting on-chain SPO polls, was released.

The week also saw the release of the first mainnet-compatible node version of the scaling solution Hydra.

Lace 1.1.0, which brings several improvements and features for a better user experience, also saw its debut. With the new release, users would be able to recover their wallets using a 12- or 15-word recovery phrase and view the prices of their available native tokens.

Mithril's team also released a new 2318.0 distribution while Project Catalyst held its 125th town hall.

Cardano saw a wave of meme coin mania as discussions regarding the newly launched Cardano-based meme coin SNEK increased.

Cardano founder Charles Hoskinson got so curious about the attention that the meme coin generated that he tweeted, "What the heck is this Snek thing that people keep tweeting about?"

Hoskinson later emphasized that he does not personally own any NFTs and has never been asked to promote an NFT project, hinting that he was just having fun, drawing from the recent meme mania in the market.

#cardano #ada

⭐️Introduction⭐️

FOLLOW @HOLD-IT

In the bustling galaxy of cryptocurrencies, Cardano (ADA) emerges as a powerful current. Let's dive into why this versatile digital asset is more than just a token—it's a bridge connecting financial institutions worldwide.

💥The Cardano Constellation💥

1✨ Designed for Speed: Cardano isn't your average blockchain; it's a payment settlement system designed for lightning-fast cross-border transactions. Say goodbye to sluggish wires and hello to real-time liquidity.
2✨ Ethereum's Challenger: Cardano aims to replace Ethereum—the pioneer of smart contracts—with a more efficient, scalable solution. Imagine decentralized applications (dApps) running seamlessly without clogging the network.
3✨ ADA: The Cardano Fuel: ADA, the native cryptocurrency of the Cardano network, plays a crucial role. Named after Ada Lovelace, the first computer programmer, ADA powers transactions and incentivizes validators.

💥Why ADA Makes Waves💥

1✨ Market Momentum: ADA consistently ranks among the top cryptocurrencies by market capitalization. Its liquidity and adoption keep the tides turning.
2✨ Sustainable Blockchain: Unlike energy-intensive proof-of-work chains, Cardano uses a proof-of-stake consensus mechanism, offering a more sustainable and scalable future.
3✨ Join the Cardano Voyage: Want to ride the ADA wave? Buy ADA and become part of the interstellar revolution.

⭐️Conclusion: Beyond the Event Horizon⭐️

Cardano—the compass guiding us toward a borderless financial future. Will it chart new territories or encounter storms? Only time will tell.
#Write2Earn
#cardano
#ADA
#TrendingTopic

The latest Cardano ($ADA ) network statistics have just been released, and they paint a fascinating picture of the platform’s progress.

Input Output Global (IOG), the organization behind Cardano’s research and development, recently shared its weekly development report for the week ending on Friday, April 21, 2023.

Here’s a simplified overview of the key updates:

Core Technology: The networking team released io-sim and five other packages to Hackage, while the consensus team worked on an improved DB lock mechanism for UTXO-HD. On the Ouroboros Genesis front, the team identified a performance sink in the fragment size calculation in BlockFetch and began investigating a performance fix.

Wallets and Services: The Lace team is improving the application’s code and UI, addressing the CIP-30 error handling issue, and adding a feature to manage multiple DApps easily. The Adrestia team released an update for cardano-wallet, which includes new endpoints for shared wallets, bug fixes, and performance improvements.

Smart Contracts: The Plutus tools team focused on testing for Marconi indexers, making the MintBurn indexer available for querying in the HTTP server, and adding better support for logging in the standalone emulator. The Marlowe team added integration tests for ApplyInputs, state pretty-print choices, and bindings in the Marlowe Explorer prototype, as well as property-based tests.

Basho (Scaling): The Hydra team worked on smoke test improvements, fixing developer tooling, and enhancing the API for voting use cases. The Mithril team released a new 2315.0 distribution that implements the first migration of the aggregator stores and made progress on the new certifier service of the aggregator.

Voltaire: To facilitate community discussions on governance, Cardano invites community leaders and groups to run their workshops on CIP-1694. Financial support is available for those interested in hosting a workshop.

Catalyst: The Ariob incubator program, launched earlier this year in collaboration with Iceaddis, completed its initial cohort. Ariob helped eight early-stage ventures refine their businesses and prepare for presentations to pitch for further funding or collaboration opportunities.

The report unveiled a striking infographic that captured the ecosystem’s remarkable growth and achievements. The platform has seen the launch of 124 projects, the creation of over 8.15 million native tokens, and 7,783 Plutus scripts in action. Additionally, 1,227 projects are actively building on Cardano, while the network has processed an impressive 65 million transactions.

#Binance #crypto2023 #cardano #ada #BullRun