- Cardano DEX trading volume has surged as interest in the network grows.
- However, network development activity has declined.
Cardano (ADA) has witnessed a huge price surge over the past few months. At the same time, Cardano’s DEX trading volume also increased.
As of this writing, trading volume on the Cardano network has surpassed 130 million ADA.
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At the same time, Cardano’s Total Value Locked (TVL) has witnessed significant growth.
Increased liquidity, reflected in increased DEX trading volume, increases trading efficiency and creates a favorable environment for traders.
These factors have led to a notable increase in the fees generated by the network, recording a growth of 20.7% over the past month.
However, there has been a significant decline in terms of development activity.
decline in development
AMBCrypto’s analysis of token terminal data found that code commits performed by developers on the Cardano network decreased by 32.0% during that period.
This could potentially impact the network’s ability to adapt to evolving technology requirements and industry standards.
Reduced code commits may impact the overall security and stability of the Cardano blockchain.
Regular updates and bug fixes, often resolved through ongoing code development, are essential to maintaining a secure and resilient network.
Reduced developer contribution can delay response to security vulnerabilities and increase exposure to potential risks.
Moreover, a less dynamic development environment could impact Cardano’s competitive position in the broader blockchain space.
Realistic or not, the market cap of ADA in BTC terms is:
Other projects in more active development may have an advantage in introducing new features, attracting users, and fostering partnerships.
At press time, ADA was trading at $0.7415, with the price up 1.5% over the past 24 hours.