- Cardano DEX sales soared due to the growing interest in this network.
- However, the development activities on the network have fallen.
Cardano [ADA] Over the past couple of months, prices have risen dramatically. Cardano DEX volume also increased.
As of this writing, trading volumes on the Cardano platform had surpassed 130 million ADA.
DeFi
Cardano TVL’s (total locked value) have also seen significant growth.
Growing liquidity, as reflected by rising DEX volume, improves transaction efficiency and creates an environment that is favorable for traders.
Due to these factors, the amount of fees collected on the network has increased by 20.7% in the last month.
However, in terms of the development activities, a decline was observed.
A decline in development
AMBCrypto analyzed Token Terminal data and found that the number of code commits by developers to the Cardano Network had decreased by 32.0% over the same period.
The network may not be able to keep up with the latest technological developments and standards.
Cardano’s security may be compromised if there is a decrease in code commits.
It is important to maintain a network that’s secure and robust by regularly updating and fixing bugs. This can be done through code updates.
If developer contributions drop, it may lead to a delayed response to vulnerabilities in security and increased risks.
Cardano could be negatively affected by a development environment that is less dynamic.
Here’s a list of realistic and not-so-realistic images. ADA’s market cap in BTC’s terms
It is possible that other projects in more active development will have an advantage when it comes to bringing new features, attracting customers, and creating partnerships.
At the time of publication, ADA’s price was $0.7415. Its value had increased by 1.5% over the past 24 hours.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com