As the cardano network bobs around a total $40 billion, developers are gearing up for the launch of a major update on Monday—designed to make it into a multi-asset network similar to ethereum...

Around 55 percent of all the ADA wallets on the market have all of their funds delegated to a stake pool. The newly-created ADA wallets per day experienced a sharp rise, alongside the increase of the total number of ADA staked has made Cardano the most decentralized blockchain network on the market up to date.

In the past 24 hours, the crypto market fluctuated slightly. Bitcoin, the top cryptocurrency by market cap, traded sideways. Among the major cryptocurrencies, Cardano and Chainlink rose 9% and 12% respectively.

Over the past month, the number of new-created ADA wallet has experienced a dramatic surge, as 64 wallets have been created per hour on average during December 16 and January 4. As per the data, projections have shown that there could be a million more ADA wallets created by the end of 2021, allowing Cardano to be one of the fastest-growing blockchain networks regarding user acquisition.

With increasing retail interest and improving fundamentals, two of the cryptocurrencies, Cardano (ADA) and Polkadot (DOT), skyrocketed over the weekend.

As per IOHK, Solidity, a programming language for writing smart contracts on Ethereum, is currently compatible with the Cardano blockchain through an interoperable platform that uses Ethereum's native code. The company's KEVM devnet program has also been restarted so as to enable the Ethereum Virtual Machine to run with Cardano's K-framework.

Binance's CEO CZ and Ethereum co-founder Vitalik Buterin believe that blockchain-based voting applications would greatly improve the current voting systems.

Last week saw the IOHK succeeded to apply a change to the Cardano protocol, which is due to bring token locking to the platform. On Dec. 16, there will have another upgrade - Allegra.

Charles Hoskinson, the CEO of Cardano developers IOHK, poises a potential path towards DeFi adoption throughout the world's second-most populous continent.

Bondly will transition its cryptocurrency BONDLY from Polkadot onto Cardano to provide decentralized escrow and buyer protection.