It has been widely speculated and predicted January 2022 is the month for Cardano. We are almost 2 weeks in and it still sits at $1.28. With the announcement of their own dex every ADA holder is excited and with good reason. It is the coin that takes the most flack by influencers and social media outlets. But maybe, just maybe, Charles Hoskinson has ADA on the cusp of the financial explosion all holders have been waiting for. What is happening to make 2022 so great for cardano?
AdaSwap a decentralized finance ecosystem operating on the Cardano network, announced an exciting new collaboration. ASW is partnering with Cardano-based stablecoin Djed, which the COTI Network operates. The partnership will establish the first DeFi exchange on Cardano.
The integration has some investors anticipating an upgraded trading interface. Lennon Qualmann, CEO of AdaSwap, commented on the important milestone:
“As a Cardano believer, I love seeing COTI’s strong involvement in the Cardano space, it shows the potential being created for the Cardano ecosystem by innovative participation.”
Cardano (ADA) supporters were pleased to get two updates from IOHK, the team behind the crypto project’s development.
On December 24, the founder of Cardano, Charles Hoskinson, spoke for 30 minutes in a new video explaining some of his goals for the next year. “My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano,” Hoskinson said during his video.
Hoskinson further noted that a formalized open-source system would be introduced that would be similar to Linux. “A formal open-source project structure is going to be formed, kind of like Hyperledger to Linux,” the Cardano founder disclosed. Hoskinson also said there are “almost 15 companies working on Cardano right now across the world — The sun never sets for the project.” The Cardano executive stressed:
We need to make that hundreds, and then eventually thousands. We need institutions like universities and nation-states to actively cooperate and collaborate and have a stake in the success of this project.
Source:
MMA_Crypto