On Monday (August 15), one highly popular pseudonymous $ADA whale pointed out three ways in which Cardano is better than other layer 1 Proof-of-Stake (PoS) blockchains.
“ADA Whale” (“@cardano_whale” on Twitter) told his over 110K Twitter followers that Cardano does “security, staking and decentralisation of block production” better than any of its L1 competitors that use PoS consensus:
He then went on to comment on Cardano’s total value locked (TVL), i.e. the amount of user funds deposited in its decentralized finance (DeFi) protocols. According to data by DeFi Llama, currently (as of 9:30 a.m. UTC on August 15), Ethereum is the blockchain with the highest TVL with $38.94 billion and Cardano is in 28th place (among all blockchains, not just L1 blockchains) with a TVL of $100.46 million.
Anyway, here is how the popular Cardano influencer/educator explained why Cardano’s TVL is currently relatively small:
On August 13, he explained what category of investors are Cardano’s target audience:
One of those that replied to him was the operator of the UK-based VEGAS ADA Pool:
And on August 12, “ADA Whale” provided a summary of IOG’s mid-month development update on the progress toward the Vasil upgrade: