- One of the notable Cardano events of 2022 was cNFTcon in Las Vegas.
- Cardano (ADA) ranks ninth by market cap and is trading at around $0.265451 today, up 4.5%.
The Cardano Network is on the brink of global mainstream adoption through active community engagement. With massive technical support from the Cardano Foundation, IOHK, and Emurgo, the underlying blockchain network promises to solve real-world problems at scale. Additionally, the Cardano ecosystem is attracting popular NFT artists and developers willing to continue building.
In 2022, the Cardano community held several conferences to enhance knowledge sharing in different parts of the world. Having successfully engaged with his members of the community at ground level, the Cardano network is poised to host more such events in 2022. Cardano Global His Marketing Director David Taylor said:
From CardanoRio 2022 to Blockchain Sydney, the foundation provided various types of support for community events. Sponsoring his 50+ community-driven events around the world as a fundamental part of the Cardano Summit 2022.
One of the notable Cardano events of 2022 was cNFTcon in Las Vegas.
Part 3 of the series “Advancing Blockchain Technology: Activities of the Cardano Foundation”
Later this week, we will publish part 4 of the series….but before that, read on for some of our work from 2022. 👇
➡️https://t.co/9Y8ceOr4Wx#Cardano Foundation #Cardano pic.twitter.com/YFWF99ldCc
— Cardano Foundation (@Cardano_CF) January 3, 2023
At the end of 2022, the Cardano network also hosted a W3BX event in Las Vegas. In particular, W3BX gathered his Web3 business among other stakeholders to discuss the future of the decentralized financial ecosystem, especially on Cardano. Similar events are planned to continue in 2023 as Cardano globalization and crypto markets become mainstream.
“As the Foundation was preparing for W3BX, we are already looking forward to the 2023 edition of cNFTcon, with an eventful update, more exhibitors, more projects, and an ever-thriving We hope to see the Cardano community,” added Taylor.
Cardano (ADA) Market Outlook
As a top 10 crypto project, Cardano (ADA) has received significant attention from both institutional investors and individual traders. The Proof of Stake blockchain network has made incredible progress since its launch in 2017. Additionally, the Cardano Network is an open-source project that enables developers to build decentralized financial applications with the highest security and scalability.
According to market data provided by Defillama, there is approximately $52.53 million total value (TVL) locked in the Cardano network. Top projects with active on-chain activity in the Cardano ecosystem include Indigo, Minswap, WingRiders, SundaeSwap, MuesliSwap, and others.
Nevertheless, the majority of Cardano’s daily trading volume comes from centralized exchanges. According to market data provided by Coinmarketcap, backed by Binance, Cardano’s 24-hour volume on his DEX is around $282,852 and his volume from DEX is $249,834,504.
With a total supply of 35 billion ADA coins, the Cardano network boasts a market capitalization of approximately $9,121,522,200. As such, market strategists predict that ADA will help unlock trillions of dollars over the next decade as digital assets go mainstream.