Activity on Cardano is picking up! 400 new projects have been launched, and 100,000 new wallets have been created over the past month.
Despite increasing numbers of projects in development, the number of decentralized applications up and running on Cardano appears to be limited, with DefiLlama listing just 10 different platforms accounting for $224.96 worth of total value locked . Notably, four of those platforms have $0 TVL also outside of their native tokens.
On the nonfungible token side of things, Cardano doesn’t even make the top 15 blockchains in terms of sales volume over the past 24 hours, despite fifteenth ranked Theta only generating $375 during that period.in September, with the network yet to fully take off and provide the promised competition to Ethereum, or even fellow “ETH killers” such as Solana, Avalanche and Flow.
However, founder Charles Hoskinson recently suggested in a video posted to his YouTube channel that the tide could soon turn with the
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