Thread by @cardano_whale

1/Cardano has a vibrant ecosystem but some news goes unreported

In #LatestOnCardano, I highlight news, minor and major. L1+L2 upgrades, stats, dapps, SPO, NFT, governance, community and more

All things Cardano. Irregular but hopefully frequent. Here’s #19 in the series. DYOR

2/We saw some market turbulence / manipulation so the DeFi ecosystem got its first proper stress test

From firsthand I know we could use more capacity in a few dapps & some big boys got taken out, but overall it held up well

Feel more at ease now to deploy. ADA TVL still >500m

3/@VyFiOfficial launched its long awaited DEX. They’ve got some really innovative features

Eg on the batcher front (higher throughput), stakeless LP farming, L2 liquidity pools and an in-built distributive mechanism (“bar”)

Good tokenomics means $VYFI is holding up well too

https://twitter.com/vyfiofficial/status/1658156314114269185

4/Meme coin mania meant @MinswapDEX and Cardano itself entered the top 10 of DEX volume across all of crypto in recent weeks. 500m+ ADA in May!

Receded a bit as ADA price took an SEC mandated beating, but she’ll be back up there. Cardano and Minswap have proven their mettle

https://twitter.com/minswapdex/status/1663960345294012425

5/@Acredius_AG announced the launch of their platform on Cardano. Investors can use ADA to invest in Swiss SMEs

RealFi integrations and bringing real world yield on chain is an area where I fully expect Cardano to shine

Crypto in general hasn’t even scratched the surface here

https://twitter.com/acredius_ag/status/1659481330483118081

6/@the_ape_society is one of the biggest NFT projects on Cardano, they announced @levvyfinance

A peer to NFT Lending protocol allowing for access to instant liquidity to NFT holders

Awesome to see them building for the greater benefit of all of us in Cardano

https://twitter.com/levvyfinance/status/1666552116264017925

7/ISPOs are a novel Cardano native decentralised funding mechanism

@cardano_ispo was launched to provide you with an overview of all the ongoing ones

Stake and earn rewards for newly launched projects all the while funding them in a decentralised way

https://twitter.com/cardano_ispo/status/1659742114534805505

8/@danogo_2023 is building a decentralised secondary bond market on Cardano

Obviously all in very early stages but I’m kind of obsessed with Cardano’s suitability for fixed income primary and secondary markets

Keep an eye on it

https://twitter.com/danogo_2023/status/1659021834439004162

9/@AngelBabyHitSqd and @ada_anvil have built a tool that allows people to bring over liquidity from Ethereum in an easy way

Connect a Cardano wallet, send some ETH to their bridge and your Cardano journey starts

https://twitter.com/angelbabyhitsqd/status/1657522074619985921

10/@Cherry_Lend is incoming

https://twitter.com/cherry_lend/status/1655601990204903424

11/@Pavia_io is soon launching their Pavia Playground, which is the opening up of their dev environment

Metaverses are a bit of a contrarian bet at the moment, but sometimes contrarian things go mainstream / return with a vengeance…

Most of all this looks like amazing fun

https://twitter.com/pavia_io/status/1667193323855937538

12/Cardano SPOs voted on parameters: “Which setup would you prefer to be put in place from Q3 2023 onwards?”

They voted on the k parameter (affecting “optimal” number of pools) and fixed staking fees (minpoolcost)

Important governance milestone: adastat.net/polls/96861fe7…

13/Stats

- Cardano’s Nakamoto coefficient / min attack vector has been on the rise. CC: @BalanceData22 and balanceanalytics.io

- Transaction volume and price spectacularly decoupled

- % staked: 66%. 77% of all ADA that will ever exist has been emitted. YoY inflation: 3.4%

14/Project Catalyst is returning for fund 10

https://twitter.com/danny_cryptofay/status/1666512146446819414

15/@TVVIN_Platform jumped on the scene. Their plan is tokenising real world assets and storing them on the blockchain

https://twitter.com/tvvin_platform/status/1667160376163676167

16/@MicheleHarmonic who created @plu_ts announced Ouroboros mini-protocols, allowing for direct communication with the Cardano-node, potentially from inside a browser

https://twitter.com/micheleharmonic/status/1667612794722697221

17/@marlowe_io is here. Part of the growing toolkit for Cardano devs, this will be a fast, intuitive and accessible way to build smart contracts on Cardano

See for yourself over at play.marlowe.iohk.io. Here’s an example of a zero coupon bond in JS and Marlowe visual explorer

https://twitter.com/marlowe_io/status/1663480828016435200

18/@IAM_X_IDENTITY presented their terminal. I suspect IAMX are going to be the missing puzzle piece in a lot of applications being built on Cardano (and other networks) looking for regulatory compliance through KYC etc.

https://twitter.com/Eilert/status/1666821110745411585

19/@WorldMobileTeam keeps building and expanding

https://twitter.com/wmtoken/status/1665764386697277442

20/Liquidity farms on @TangentADA went live. I really like the look and feel of this one. The APRs don’t hurt either

(Hey team, could you do all of us a favour and get your TVL listed on DeFiLlama? It helps advertise Cardano as a whole)

https://twitter.com/tangentada/status/1665737955133063168

21/Privacy protocol @ENCOINS1 announced their second public testnet

https://twitter.com/ENCOINS1/status/1663233599221514256

22/@continuity_to launched. A little talked about secret with NFTs is they aren’t actually stored on the blockchain

CT remedies this by protecting and backing up your Cardano NFTs for 10, 100 or 1000 years if you simply hold their token in your wallet

https://twitter.com/continuity_to/status/1664219678275772423

23/@SummonPlatform partnered up with SimpleSwap to bring a multichain swap portal to the community

https://twitter.com/summonplatform/status/1664200109947592704

24/Yields on Cardano have been pretty incredible, as shown here by @liqwidfinance

https://twitter.com/liqwidfinance/status/1665793279017857026

25/@Indigo_protocol announced that they’re decentralising its development team through the “technology working group”

They keep growing in prominence and importance in the Cardano Ecosystem so that’s a great move

https://twitter.com/indigo_protocol/status/1666475197770129408