Cardano TVL and fundamental value are expected to increase in the next few months, with this project being released
The start of 2022 was one of the best times in Cardano’s history, with the network’s fundamental value growing exponentially, with the blockchain earning $200 million in TVL within weeks. Some big market players expect Cardano’s value as a network to increase even more when new solutions and dApps drop.
The whale has described what the Cardano community should expect in the next three and six months as a couple of projects have already announced their solutions being released later in the year.
Cardano Stable Coins
Cardano-based stablecoins are among the most important assets on any blockchain, as stables are quite often used as a bridge between the fiat and crypto worlds. Previously, the Tron network reported reaching $40 billion in circulation for the TRX network-based stablecoin USDT (Tether).
The release of a leading stablecoin solution on Cardano is expected to bring billions worth of funds to the network, which will put it in line with blockchains like Ethereum, Tron and Solana.
Packaged assets
Wrapped versions of widely known assets like Bitcoin and Ethereum have become extremely popular in 2021 with the rapid growth and development of the DeFi industry. Since Cardano is a relatively young player in the DeFi industry, wrapped assets are highly anticipated by its users as they allow cross-chain exposure to assets that are not based, in this case, on the Cardano network.
Besides all of the abovementioned solutions, users will see such features as lending and synthetic assets, hardware wallet support and DEXes with limited impermanent loss. All of these features are already presented on the biggest networks, like Ethereum and Solana. The development of these features on Cardano will make blockchain-based solutions significantly more attractive.
