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Cardano is one of the rapidly growing projects in the cryptocurrency ecosystem. With its tremendous potential it has garnered notable attention. Notably, the bigger community behind the project is incredibly bullish. Over the past year, ADA, the native crypto asset of the project has witnessed more than 850% of gains. However, the project is facing sluggish price action for quite some time now. Still, according to the data from CoinGecko, the cryptocurrency managed an 18% ROI over the past week.
Cardano team is buckled up for 2022
Charles Hoskinson, the man behind Cardano is all set to welcome 2022. Recently, he has revealed a roadmap for the next year. According to experts, the announcement was released at a very special time, as when the project was facing some criticisms.
While talking about the project on YouTube, Hoskinson touched upon a few upcoming additions. Moreover, he revealed that there are currently more than 127 projects are intending or actively being developed on the blockchain. Furthermore, it is revealed that DEX launches are imminent over the next few weeks on the horizon in capacity on the mainnet of the project.
According to Hoskinson, few decentralized exchanges are already on the testnet, and few are on the miannet. Indeed, there is still a lot of competition there in the market.
Charles Hoskinson’s plans for 2022
This Christmas eve was amazing for the Cardano community, as its founder outlined some plans for the second half of the next year. Notably, the blockchain will take measures to promote end-to-end microfinance transactions. Furthermore, the founder also reiterated that the first half of the next year is an essential window for commercialization of the project’s utilization utility.
According to Hoskinson, for major projects to move ahead, like light wallets and so they have Oracle progress. Furthermore, there is a litany of things that are being worked on and actively coded to be deployed in commercialized projects.
Besides this month, the brains behind the blockchain project has already launched a Peer-2-Peer testnet, along with the release of the Plutus application. Following the plannings, Hoskinson highlighted that the next 90 days are going to be a very busy time for the project.
Huge DeFi seems starting to present itself
In the YouTube chat, Hoskinson, highlighted that the next hard fork combinator event is in June. Notably, the event is going to bring up a lot of the Plutus enhancements that communities like the CDA recommends. It is noteworthy that Carano DeFi Alliance (CDA) is intending to offer coalitions among DeFi protocols and innovative with the blockchain’s DeFi ecosystem. According to experts, it is a sign that a huge decentralized ecosystem is commencing to present itself on Cardano.
