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Cardano goes DeFi: ADALend, Ardana und SundaeSwap



The Cardano ecosystem is currently growing rapidly. In addition to the asset-backed Stablecoin Ardana we learn soon, based on the Cardano block Chain DEX  SundaeSwap with their SUNDAE Token know. And there is something new in the Cardano-Versum: ADALend.


ADALend is a DeFi project (decentralized finance), ie a "scalable and decentralized credit protocol that is managed by a DAO". According to the team, the project is entering a crucial phase. On Twitter said the team behind ADALend:


"Hello everyone, we have exciting news! ADALend announces an upcoming cross-platform development. The cross-platform integrations will simplify and enable access to decentralized financial services for a larger segment of users. "


Solana overtakes Cardano, Cardano course still bullish?

While Cardano is considered an “ Ethereum Killer” due to the smart contract integration , another crypto project has overtaken Cardano: Solana . In terms of market capitalization, Solana has already overtaken Cardano.


The Cardano price has been in a downtrend since hitting its last all-time high on November 3, 2021 at $ 2.14.The month-end of October actually turned out well for ADA. Although October was a bearish month through and through for Cardano, the ADA price closed above the 0.382 Fib level at around USD 1.9. This gives reason to believe that support could hold and a green, bullish month is ahead. 


What else is new at Cardano?

Ardana (DANA), an asset-based stablecoin , has now joined the native cryptocurrency ADA. In a financing round, Cardano raised $ 10 million for DANA. Ryan Matovu, CEO and Co-Founder of  Ardana , said in a  press release :



"As the first all-in-one stablecoin ecosystem based on Cardano, our platform offers users convenient access to liquidity, a ubiquitous problem in the hypercompetitive DeFi world."


Furthermore, the DEX SundaeSwap, based on the Cardano blockchain, will soon  start  with its SUNDAE tokens.

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