Layer 1 coin Cardano [ADA] has seen a spike in large whale transactions in the past few days, data from Santiment revealed.

The number of smart contracts on Cardano is rising, with the latest on-chain data from Blockchain Insights showing that the figure was at 5,006 on February 2 and 4,000 as of December 3. It means the blockchain has added roughly a thousand more programs in under two months, pushing the value of its native token ADA upwards.

The Cardano (ADA) network underwent a substantial upgrade in September 2021, incorporating smart contract functionality and enabling the blockchain to process transactions more efficiently and at a faster pace. Despite a decline in the price of Cardano in 2022, the network’s development continued to grow through 2023.

COTI Network, the official issuer of Cardano’s Djed stablecoin, has shared details about the progress of DJED. According to COTI, the ADA-backed stablecoin has received massive response and participation from cryptocurrency community members since it went live on mainnet. 

On the evening of February 14, 2023, Binance will temporarily suspend Cardano (ADA) deposits and withdrawals amid the upcoming Valentine’s Day update of the Cardano network, called SECP.

Djed, a Cardano-based algorithmic stablecoin, has collected over US$10 million in its reserves in the first 24 hours since it was launched on Tuesday.

Paima Studios, a Cardano and Milkomeda-focused GameFi project, will take part in a new Web3 initiative from Microsoft, it has been revealed. In particular, the studio will join the tech giant's startup program to help Japanese game developers and Web3 entrepreneurs deploy the Paima Engine in their applications.

Bitcoin traded above US$23,000 throughout Wednesday afternoon trading in Asia, while Ethereum and other top 10 non-stablecoin cryptocurrencies were mixed. Cardano led gains with 2.03% followed by XRP’s 1.13%. 

The total value of assets locked (TVL) on Cardano-based overcollateralized stablecoin Djed crossed $10 million during the first 24 hours of its launch, according to DeFillama data.

Cardano-based overcollateralized stablecoin Djed (DJED) has attracted over 27 million cardano (ADA) tokens as backing less than a day after launch, data shows.

The much-anticipated Cardano algorithmic stablecoin DJED has finally launched on mainnet.  

Djed, a decentralized stablecoin pegged to the US dollar, launched on the Cardano blockchain after being in development for over a year. Djed was developed by blockchain firm Coti in collaboration with Cardano's core developer Input Output.

Cardano (ADA) continued to make waves in the cryptocurrency market towards month’s end after an epic rise of over 50% since the start of the year. The altcoin, which ranks eighth by market capitalization, topped $0.3990 at one point Sunday before recoiling on Monday.

Input Output Global (IOG), the company behind the Cardano blockchain, is gearing up to provide an upgrade on Valentine’s Day, 14 February, 2023. The upgrade is aimed at easing the environment to help developers working on cross-chain applications. The addition of new built-in functions on Cardano will add an additional layer of security for developers. Incidentally, the upgrade is tentatively scheduled for Valentine’s Day 2023.

As the bullish optimism in the cryptocurrency sector starts to quiet down, Cardano (ADA) has been recording high demand from crypto traders and investors, projecting a strong possibility of a price increase should this trend sustain.

COTI has found a temporary solution to enable SHEN holders to receive delegation rewards when Djed launches.

Blockchain is commonly associated with Bitcoin and cryptocurrency and while that’s not wrong, there’s a lot more to the tech than digital currency. To get into it, we’re going to break down the three blockchain generations and how the technology is evolving.

World Mobile Token announced deepening its collaborative relationship with Input Output (IO) to develop a dedicated permissioned Cardano sidechain.

IOG introduces Cardano node 1.35.5.

World Mobile is developing a dedicated Cardano sidechain as it strives to bring internet to the unconnected.