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Last week, Cardano-supported projects announced an interesting partnership. We also cover some performance indicators on the ecosystem.
1 – Cardano-Based Projects Announce Partnership
Cardano’s decentralized stablecoin ecosystem, Ardana, has entered a partnership with Optim Finance, a Cardano yield aggregation/asset management platform. Optim Finance plans to leverage Ardana services to provide capital-efficient and enhanced revenue options for users.
Notably, this partnership will improve decentralized finance on Cardano.
What do & Optim have in common? Both strive to make #CardanoDeFi better every single day. ??
?? Ardana is thrilled to announce a partnership w/ @OptimFi, a leader in the #Cardano yield aggregation/asset management space. ?? pic.twitter.com/6IWNDtkdGX
— Ardana – DeFi Hub of Cardano (@ArdanaProject) March 9, 2022
2 – Cardano Ecosystem TVL (Total Value Locked) Proportion
During the week, DeFi Llama revealed that the Cardano ecosystem has a TVL (Total Value Locked) of $285.56 million. Based on the report:
- SundaeSwap has the most TVL on the Cardano ecosystem with 39.44% of the total TVL. This is equivalent to $112.7 million.
- Minswap holds the second-most TVL on Cardano with 30.7% of the total TVL, which is equivalent to $87.72 million.
- Meld has the third-most TVL on Cardano with 23.44% of the total TVL, which is equivalent to $66.98 million.
- MuesliSwap is fourth in terms of TVL on the Cardano ecosystem. It holds 4.4% of the total TVL, which is equivalent to $12.57 million.
- VyFinance follows next with 1.94% of the total TVL, which is equivalent to $5.57 million.
- Lastly, ADAX Pro features 0.08% of the total TVL, which is equivalent to $13.93k.
CARDANO TOTAL VALUE LOCKED !?
@Cardano TVL keeps increasing day by day ??@SundaeSwap is leading ??#Cardano$SUNDAE@MinswapDEX@MELD_labs@VyFiOfficial@MuesliSwapTeam@adax_propic.twitter.com/4XCLE42rgj
— Cardano Daily (@cardano_daily) March 16, 2022
3 – Top Gainers in the Cardano Ecosystem
We also received a CoinGecko report that reveals the top gaining tokens on the ecosystem for March 16
- GeroWallet ($GERO) enjoyed the most gain on the day with a 4.7% increase in price performance.
- Ardana ($DANA) follows closely with a 4.4% rate of increase in price performance.
- Matrix Labs ($MATRIX) also recorded a 3.8% rate of increase in price performance.
- Charli3 ($C3) recorded a 3.4% rate of increase in price performance.
- Orion Protocol ($ORN) makes up the top five with a 2.3% rate of increase in price performance.
Top Gainers in @CardanoStiftung Ecosystem Last 24H@GeroWallet@ardanaproject@matrixswap
@Oraclecharli3@orion_protocol@ridotto_io@CardWallet_fi@VentFinance@CardStarter@CardanoStiftung#CARDANOpic.twitter.com/IvZ18xMr1c
— Cardano Daily (@cardano_daily) March 16, 2022
4 – Cardano Projects by Trading Volume
Additionally, we will cover the performance of Cardano-based projects based on their trading volume within a seven-day time frame. Based on the CoinMarketCap report:
- Cardano ($ADA) holds the most trading volume. It recorded $7.06 billion in trading volume within the last seven days.
- API3 DAO ($API3) is in the second spot, recording $344.84 million in trading volume within the last seven days.
- COTI Network ($COTI) is in the third spot. It recorded $242.7 million in trading volume within the last seven days.
- Ergo ($ERG) is in the fourth spot, recording $210.08 million in trading volume within the last seven days.
Top Cardado Projects with Highest Volume in the Last 7 Days@cardano
@API3DAO@COTInetwork@ergoplatformorg@wmtoken@adax_pro@ArdanaProject@OccamFi@CardStarter@GeroWallet#CARDANOpic.twitter.com/GEniF1sDLB
— Cardano Daily (@cardano_daily) March 15, 2022
$ADA Price Outlook
As of the time of publication, Cardano’s 0.849224 with a 24-hour trading volume of $944,653,849. ADA price also rose by 4.6% over the last 24 hours. Besides, it has a circulating supply of 32 billion ADA coins and a total supply of 45 billion.
