GimbaLabs recently unveiled a new kind of decentralized app (dApp) launched on the Cardano blockchain. The dApp dubbed <i>The Gimbal Project Treasury + Escrow (GPTE),</i> is aimed at supporting the development of projects on the Cardano network, as it assists builders looking to coordinate workflow.

In a tweet yesterday, Cardano’s Djed stablecoin issuer COTI disclosed that it had reactivated the stablecoin on the testnet with Vasil compatibility and new user capabilities. Per the accompanying Medium blog post, testnet version 1.1.1, besides being Vasil compatible, has added new features as part of its Nami wallet integration. For example, users can now view the display logos of Shen and Djed and the name of both tokens, COTI revealed. In addition, the wallet now supports divisible units for Shen and Djed. (thecryptobasic)

In a news related to <a href="https://coingape.com/glossary/cardano/">Cardano (ADA)</a>, its founding member EMURGO has recently announced the launch of a new social media network called the Cardano Spot with a goal to connect Cardano enthusiasts, fans and token holders all around the globe. Cardano Spot is an interactive platform that is user-generated and is specifically designed to facilitate the investment in, distribution of, consumption of, and monetization of Cardano content.

Cardano (ADA) has become one of the most bought assets by the top 2,000 whales on Binance Smart Chain in the past 24 hours, according to WhaleStats, a portal that tracks the activities of major crypto investors across various networks.

Cardano has emerged as the blockchain network with the most robust development activity in the last 30 days, according to data from Santiment.

Cardano’s native tokens have been growing at an unprecedented rate.

An artificial intelligence-based price prediction model is suggesting that the price of Cardano’s native token $ADA is going to surge to trade at $0.42 by the e of this year, representing a 35% increase from the cryptocurrency’s current price.

Cardano had the highest GitHub development activity for any chain in November, as it tops the latest monthly list.

Speaking at the <i>Financial Times</i> Crypto and Digital Assets Summit,&nbsp;<a href="https://decrypt.co/resources/cardano" target="_blank">Cardano</a>&nbsp;founder Charles Hoskinson&nbsp;said that the crypto industry “has never been stronger in terms of its offerings to the tradfi [traditional finance] marketplace and to the world as a whole,” but that recent collapses such as FTX have demonstrated the need for decentralization and proof of reserves.

According to recent data, projects on the Cosmos ecosystem surpassed that of Cardano by a small margin. Cosmos, with 603 commits, currently trails only behind Ethereum, with 806 commits.