On Thursday (April 20), Ken Kodama, Founder and CEO of EMURGO, the official commercial arm and founding member of the Cardano blockchain, highlighted notable trends taking shape within the Cardano ecosystem.
Yesterday, Kodama shared a LinkedIn note outlining the latest trends and progress in the Cardano ecosystem. According to Kodama, Cardano has experienced substantial growth in multiple areas, including developer activity, decentralization, stablecoins, DeFi, and user empowerment.
Kodama noted that Cardano has been among the top three blockchain networks in terms of developer activity on GitHub for the past two years, as reported by blockchain intelligence firm Santiment AG. This highlights the dedication and continuous development efforts of the Cardano community.
As per Kodama, the recent Dynamic P2P Nodes have enhanced Cardano’s decentralization upgrade, improving connectivity and enabling Cardano stake pools to operate more efficiently.
In addition, Kodama mentioned the increasing number of Cardano native stablecoins being launched. These assets play a vital role in providing liquidity, offering an on-chain safe haven, and serving as a faster alternative to traditional payment processors.
Kodama also pointed out the rapid growth of Cardano’s DeFi ecosystem, with the total value locked (TVL) in the network reaching all-time highs. This ecosystem encompasses decentralized exchanges (DEX), money markets, payment systems, and more.
Lastly, Kodama highlighted active investment initiatives aimed at empowering Cardano users. These include Adaverse, a Cardano accelerator focused on Africa, and NODO, a pan-African news and discovery platform. Both initiatives aim to provide funding, mentorship, and resources for the growth of Web3 businesses in Africa. CardanoSpot serves as a social platform for the Cardano community to connect and access information.
These trends and developments emphasize Cardano’s potential for continued growth in the blockchain and cryptocurrency space and provide a solid foundation for the platform’s future.
In March, EMURGO formed a strategic partnership with Thailand’s largest cryptocurrency exchange, Bitkub Exchange, and the leading digital asset education hub, Bitkub Academy, to expand Cardano’s awareness and adoption in Thailand. The collaboration will focus on community-building and educational initiatives.
Bitkub Exchange, the first digital asset exchange to receive a legal license from the Securities and Exchange Commission, Thailand, has become one of the country’s first unicorn startups. Bitkub Academy aims to provide equal access to cryptocurrency knowledge through various educational initiatives.
The partnership will promote Cardano’s blockchain ecosystem and Web3 in Thailand by co-hosting Web3 business competitions for talented youth and university students, offering them career opportunities in Web3. Additionally, it will explore potential use cases for Cardano ecosystem projects, including stablecoins.
EMURGO CEO Ken Kodama is optimistic about the collaboration, saying it will “open further opportunities, drive education and development, and further cement the position of the Cardano ecosystem in Thailand with Bitkub as the local partner.”