On Friday (January 13, 2023), New Zealand-based crypto analyst Lark Davis managed to find a rather unusual way to anger the Cardano ($ADA) community.
David told his one million Twitter followers:
“#cardano impresses me. He stayed in the top 10 forever despite almost none #challenge, few working retail dapps and only 70,000 transactions per day on average. And even, $ada bearers continue to strongly believe in the potential of Cardano and the vision of the chain!“
Fortunately, one of the most respected and popular members of the crypto community was quick to defend Cardano. “ADA whale” told his 124,000 Twitter followers:
“What a strange passive aggressive tweet. We have DEXs, synthetics, multiple borrow and lend protocols, we are a pioneer in bond staking, bond NFTs, book/music tokenization and we are one of the top 5 NFT markets . In addition to $8 billion staked in an industry-defining LIQUID staking point-of-sale protocol“
He also reminded Davis of one of his fabulous mega threads on the Cardano ecosystem:
Thursday (December 29, 2022) start of crypto analytics Sanimentwhich provides tools that make “powerful OnChain, social and financial analysis accessible to everyone,” commented the 2022 development activity of the main blockchains.
Here is how Santiment defines and explains this metric:
“The development activity of a project is done in its public GitHub repositories. Work done in private repositories is hidden from the public and cannot be tracked. In Crypto, a lot of the work is done in public repositories, so this metric is available for many projects.
“A developer’s time is a relatively expensive resource (especially in Crypto), so high development activity implies that: The project is serious about its business proposition; The project will probably offer new features in the future; It is less likely that the project is just an exit scam. In simple terms, development activity can be used to gauge a project’s commitment to building a working product, and to continually tweaking and updating its functionality.“
On December 21, 2022, the Cardano Foundation explained why 2022 has been a fantastic year for the Cardano ($ADA) smart contract platform.
Cardano Foundation is “an independent non-profit organization based in Switzerland that oversees and oversees the advancement of Cardano”. It is the legal custodian of the Cardano brand and it works with IOG and EMURGO to “ensure that Cardano is developed and promoted as a secure, transparent and accountable solution for positive global change”. The Cardano Foundation “sets the direction for decentralized economic empowerment, working with regulators in different jurisdictions to shape blockchain legislation and business standards, and empowering the Cardano community to leverage the Cardano protocol to solve real problems”.
Here are some of Cardano’s key achievements in 2022 mentioned by the Cardano Foundation:
- impressive on-chain growth (the number of native tokens, wallets, Plutus scripts, transactions and delegated wallets increased by 192%, 47%, 394%, 139% and 27% respectively);
- many new partnerships and collaborations (e.g. with NMKR, UZH Blockchain Center and veritree);
- Cardano Summit 2022, held November 19-21, 2022 in Lausanne, Switzerland;
- participate in more than 20 events (e.g. Consensus 2022) worldwide; and
- 50 Cardano Improvement Proposals (CIP) Reviewed.
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