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Cardano (ADA) continues to innovate despite the bear market

Cardano (ADA) continues to innovate despite the bear market

As Cardano Single Launch (ADA) activity drops to its lowest level in a year, the Cardano-based Typhon wallet has been updated to support multiple launch transactions.

Update from Typhoon

ADA can now send multiple addresses simultaneously with this feature of Cardano Wallet.

This suggests that users may be able to send ADAs or other supported signals to multiple recipients in a single transaction, resulting in lower transaction costs, Typhon Wallet commented on the tariff difference: ” Just pinch more than a one – time fee, but much less than make 2 separate transactions. Try it and see the difference, you will be amazed »

Typhon, Cardano’s blockchain wallet, supports sending and receiving CNFT, native tokens, and tokens with metadata saved in the ledger.

With the Typhon wallet, users can transfer native and other tokens registered with metadata. In addition, users can securely store ADA and perform ADA by using Nano S / X Ledger and / or Trezor T.

The wallet also allows users to send, receive and view unmixed signals based on Cardano or CNFT.

Also, users can store ADAs in completely different wallet accounts without having to manage multiple seed phrases. The Typhon wallet supports, among other things, the seed phrases of 12, 15 and 24 words.

Cardano Unique Launch Activity Lowest in a year

As of June 27, unique addresses on the Cardano network were 53,050, the lowest figure in a year, and for the past 30 days the figure averaged 73,204, according to data from blockchain analytics firm Santiment.

Cardano ADA went to a low year
source: Santiment

Similarly, conversations across ADA on major social media platforms also plunged to their lowest level in four months, in line with the general correction in the cryptocurrency market, in part due to the gigantic crash of Terra, which is their employees are now banned from traveling to South Korea. .

However, the perception of social platforms could be reversed if ADA rallies, especially for fear of losing out (FOMO) among investors, with the behavioral analytics platform noting “ when ADA spikes, FOMO should return quickly “.

The IS hard fork Vasil late

Cardano founder Charles Hoskinson explained the delay in releasing the update

The full code effectively means that you could probably flip the switch and the day: get out with it, and some projects would do, but what happened after the fall of Terra (LUNA), is that I instructed many engineers. we should probably measure it three times and cut it once because of the nature of things. »

an hard fork it is considered important for the Cardano ecosystem, especially after integrating smart contract functionality. In particular, the hard fork it will enable the network to accelerate the efficiency, scalability and efficiency of the Cardano blockchain.

So Cardano continues to innovate, working on new aspects of his purseon a hard fork Vasil, but the bear market catching up with technology and currently ADA activity is very weak.

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Alexis Patin

Passionate about geopolitics, economy, cryptocurrency, Eurasia and travel! (as far east as possible), crypto-trader for 4 years.

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