- Cardano code forged bright with 2,544 GitHub commits, implying high developer activity.
- Total value locked on the Cardano network hit a new all-time high today at $133.39 million.
- The Ethereum-killer’s price failed to recover despite hitting key milestones, continuing its downward trend.
The Ethereum-killer Cardano network hit a key milestone when its total value locked crossed $133.39 million. Despite high development activity and a new all-time high in TVL, Cardano price struggled to recover.
Cardano price struggles despite key updates in the ecosystem
The on-chain activity on the Cardano network recently exploded. The Ethereum-killer hit a new milestone in terms of Total value locked. Cardano TVL crossed $133.39 million, a new high.
Proponents consider this a key milestone for the Cardano network. However, this failed to fuel a bullish narrative for the altcoin’s price. Another key indicator, the Github commits, considered an indicator of development activity, is relatively high in the case of Cardano.
Cardano network had 2,544 GitHub commits, implying developers are active and updating the Ethereum-killer’s code consistently.
Mid-week repo update: #Cardano code forges continue to burn bright with 2,544 GitHub commits this week & counting…
To follow the latest code commits, bookmark the excellent https://t.co/Tj4Ebgc65u #Cardano $ADA pic.twitter.com/8bVqCxb6Ex
— Input Output (@InputOutputHK) March 2, 2022
