Cardano [ADA] Debuts in Multi-Chain Bitrise Wallet

Cardano [ADA] got officially listed on Bitrise wallet, a decentralized finance [DeFi] project built on top of Binance Smart Chain. The news assumed significance for the Bitrise community as wallet holders would now be now to purchase ADA tokens without leaving their wallets. Apart from that, the listing would also help cut down the cost of buying the crypto asset and facilitate trading on par with other tokens.

A few days ago Cardano got listed in Europe’s leading crypto exchange, Bitstamp marking a new chapter in the coin’s history.

Giving a brief overview, the Luxembourg based exchange stated,

It’s a blockchain platform built on the Ouroboros, the proof-of-stake consensus protocol, and developed using the Haskell programming language that enables Cardano to pursue evidence-based development. This supposedly achieves unparalleled security and stability. The result of tech, that’s underpinned by extensive research and scientific approaches to find the best possible solution that’s completely scalable, is a blockchain platform that’s utterly impressive in its capability and performance, and which is truly able to support global applications, systems, and real-life business use cases.“

Cardano [ADA] recent developments

The Proof-of-Stake [POS] platform gained significant traction when its native token hit a new record of $18.24 billion in terms of cumulative transaction volume on 16th November this year. Following this, it went on to become the third most active chain after major crypto behemoths like Ethereum [ETH] and Bitcoin [BTC].

Along the same time period, Cardano’s ADA finance was adjusted as the “Best Defi Project of the Year” at the AIBC Summit held between 15-18 November 2021. The win is the first of its kind for a Cardano project. ADA Finance is the cross-dual-chain DeFi protocol that facilitates users to choose the network they run the ecosystem and provide access to run multiple DeFi tools such as lending, staking, farming, etc.

On the price aspect, ADA is currently trading sideways as it followed the broader market momentum. At press time, it is currently changing hands at $1.88 after registering a negative 0.09% in the last 24 hours. The 6th largest crypto asset market cap was found to be $62.42 billion while its 24-hour trading volume stood at $1.58 billion.