Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours. With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano’s native coin in circulation. The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm. 23 new pools have been created in the last 24 hours. Each has a stake of 62M ADA. The live stake has increased by $1.5 billion ADA. The number of staked $ADA coins is over 73%, which is an excellent result in the context of the #DeFi boom. Someone really big likes #Cardano. — Cardanians.io 🥩 with CRDN 🏊 (@Cardanians_io) March 22, 2022 Cardano Now at Par With Ethereum L2 network? According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase. Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama. Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast — ADA whale (@cardano_whale) March 20, 2022 At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko. Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.
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