Cardano Updates | Milkomeda Launch ADA-ETH Bridge | May Week 5

Let’s discover the latest Cardano Updates of May week 5:

1 – Cardano Ecosystem Secures New Achievement

During the week, data from revealed the latest achievement by the Cardano ecosystem. According to the report, the ecosystem now has more than 5 million native assets minted on the platform.

Compared to January’s numbers, there is an increase of  66.7% in the number of native assets minted on the platform. Therefore, making it an impressive achievement.

Over 5 million native assets minted on Cardano. https://t.co/WIb8Jq186Gpic.twitter.com/8jphMTvRBv

— Jami | $thinkgrowcrypto (@thinkgrowcrypto) May 29, 2022

2 – Top Gainers of Cardano Ecosystem

Secondly, according to CoinGecko, here are the top gainers (the price performance of projects) in the Cardano ecosystem. Besides, the report covers a 24-hour time frame on the 1 of June:

• CardWallet ($CW) had the best price-performance within the specified timeframe. It recorded a 66.2% rate of increase in price performance.
• Occam.fi ($OCC) is in the second position in terms of price performance. It had a 13.1% rate of increase in price performance.
• Matrix Labs ($MATRIX) is third for price performance. It had a 3.7% rate of increase in price performance.
• Vent Finance ($VENT) comes in fourth place with a 2.8% increase in price-performance within the specified timeframe.
• Orion Protocol ($ORN) completes the top five with a 2.4% rate of increase in price performance.

Top Gainer projects in Cardano ????

@CardWallet_fi  

@OccamFi

@matrixswap@VentFinance@orion_protocol@ridotto_io@singularity_netpic.twitter.com/9xc7a36Pp5

— Cardano Daily (@cardano_daily) June 1, 2022

3 – Milkomeda Launch Cardano-Ethereum USDC Bridge

Finally, Milkomeda has launched a Cardano-Ethereum USDC . Therefore, making it possible for users to convert $USDC from Ethereum to Cardano.

Notably, users need a minimum of 4 milkADA to use the new initiative and will incur only a charge of 1 milkADA.

It’s also important to note that Milkomeda is a Cardano-supported layer-2 protocol that provides EVM features to non-EVM blockchains.

?? LIVE Cardano-Ethereum USDC bridge

Thanks to @Milkomeda_com , we can convert from Ethereum to #Cardano. Minimum is 4 milkAda is require to perform the swap, but the fee is only 1 milkAda. Unbelievably cheap compare to normal Ethereum gas fee????. Have you tried? pic.twitter.com/HEe03HQAH6

— Cardano Daily (@cardano_daily) May 30, 2022

$ADA Price Outlook

As of the time of publishing this article, Cardano’s was $0.5730 with a 24-hour trading volume of $1,3 billion. ADA price also dropped by 5.5% over the last 24 hours. Besides, it has a circulating supply of 33.8 billion ADA coins and a total supply of 45 billion.