cardano A new milestone has been reached as the number of construction projects on the platform crosses the 1,000 mark. According to recent data shared by Cardano’s parent company, IOHK, the number of projects built has reached 1,003, up from the 992 reported over the weekend.
how many projects are there at the moment #buildingoncardano I
Register here: https://t.co/Jw4PE2ZI2a pic.twitter.com/5nzigL8alD– Input Output (@InputOutputHK) 6 June 2022
In its most recent weekly report, IOHK provided the latest network development statistics, indicating that a total of 89 projects have recently been launched on Cardano, while the number of NFT projects has increased to 5,796. Cardano’s native token has also exceeded 5 million.
Cardano faces institutional flow
Cardano is seeing an influx of funds from institutional investors as demand for the network increases ahead of the Vasil hard fork on June 29. Over the weekend, on-chain analytics firm Santiment reported that the number of large whale transactions is starting to appear. on the ADA network, leading to an increase in ADA prices.
On June 6th, ADA price rebounded by 15% in the latest crypto market recovery, before reducing gains to trade at $0.587.
Grayscale has increased their allocation #cardano in their smart contract platform X-Ethereum Fund. now 32.33%6 June 2022
crypto capital venture founder dan gambardello There are reports that asset manager Grayscale has increased its exposure to Cardano.
In late March, Grayscale Investments announced the launch of the Grayscale smart contract platform X-Ethereum Fund (“GSCPXE” or “Fund”), its 18th investment product and third diversified fund offering.
The fund provided investors with exposure to projects such as Solana, Polygon, Avalanche and others.
According to Gambardello, Cardano was the fund’s largest load at the time with 24.63%, but that figure has now risen to 32.33%.