Cardano’s staking ecosystem has achieved a significant milestone as the total value of ADA tokens staked on the network surpasses 430 million. 🤩
This accomplishment reflects the growing confidence in $ADA‘s proof-of-stake (PoS) consensus process, where ADA holders actively contribute to network security and earn rewards.
Additionally, as more tokens are staked, less ADA is available for trading, potentially driving up the market value of ADA. Investors who participate in staking not only contribute to the network but also stand to benefit from potential price growth. 📈
As ADA holders continue to stake their tokens, Cardano’s network becomes more robust, offering a promising future for the platform and its stakeholders.
Case in point:
Yesterday was a record breaking day for both Minswap DEX and Cardano ! 🤠
✅ Minswap had ATH Daily Volume at 30.30mn $ADA/12.54mn $USD
✅ Cardano became the top 9th chain in terms of DEX Volume
✅ Minswap had 87.24% of Volume among all Cardano DEXs
✅ Minswap in the top 17th… pic.twitter.com/xSlZcBAVxz— Minswap Labs (@MinswapDEX) May 23, 2023
Minswap, the largest DEX on Cardano, became the 9th largest DEX by traded volume on Monday and the 17th for the past 30 days.
Oh, and here’s a random anecdote: when trades are executed on Minswap’s platform, a cat-purring sound plays. 😺