Cardano (ADA) ecosystem of decentralized applications (dApps) has one major advantage over its key rivals
According to an anonymous community-run account of supporters of Cardano (ADA), the largest proof-of-stake (PoS) network, its ecosystem of decentralized finance (DeFi) protocols operates in a more democratic and independent manner than its ecosystem. receives steam. Competitor.
Building DeFis with no VC influence: Case of Cardano (ADA)
According to the analysis shared on the @cardano_whale account, the Cardano-centric ecosystem of decentralized finance (DeFi) protocols has its own alternatives to all mainstream protocols of DeFi Summer 2020.
That being said, the Cardano (ADA) DeFi stack has its own Compound Finance (Liquid), Av Finance (AADA), Curve Finance or Maker DAO (Ardana).
However, unlike Solana (SOL), BNB Chain (BSC), NEAR Protocol (NEAR), Avalanche (AVAX) and all other Layer-One platforms since Ethereum (ETH), Cardano’s dApps do not depend on money injected by venture capitalists (VCs).
Thus, it can develop and gain traction in an inclusive and fair manner:
It has the security, decentralization, community and throughput to succeed soon
Cardano (ADA) dApps family surges day by day
As covered by U.Today previously, in 2022, the Cardano (ADA) ecosystem witnessed a monstruos upsurge. In Q2, 2022, its total value locked (TVL) metrics spiked by thousands of percent.
As of mid-June 2022, the Cardano (ADA) ecosystem was already connected to over 1,000 actively developed decentralized applications (DApps).
The projects associated with non-fungible tokens (dashboards, marketplaces, DeFis with NFTs) are in focus for the Cardano (ADA) ecosystem, according to a number of reports.
