After the overall successful Vasil hard fork, Charles Hoskinson has bigger ambitions for the Cardano ecosystem. In October, the blockchain founder announced that there will be a new update called Voltaire. He also talked about projects that will deepen the decentralization of the network. The efforts made to build one of the most successful ecosystems in the crypto universe, then allowed the network to be one of the blockchains with the most projects in development, despite the bear market. Among these projects, there are some that have real potential for impact on the community and on the platform. One of them is the Djed stablecoin, which is currently under development.
Is Cardano gradually taking off compared to its competitors?
Despite the bear market, Cardano is one of the most dynamic networks in terms of development. Blockchain developers have come up with innovations majors like Carp. It is a SQL Cardano indexer, which allows anyone to run a price indexer for native Cardano assets. The tool developed by the dcSpark company, works entirely from blockchain data and does not require a third-party API.
“It’s a super fast and super flexible indexer for Cardano, which now supports indexing major DEXs as well. We can’t wait to see what you’ll build with this, and what other DEXs might be added next.”the company wrote.
For his part, Sébastien Guillemot, CTO and co-founder of dcSpark, added that the tool is free to use because it does not require an API. For information, the indexer was built with funding from the Cardano Project Catalyst grant program. It already supports three decentralized Cardano exchanges: Minswap, Wingriders and SundaeSwap.
Additionally, Cardano continues to work on other projects. There are in particular Hydra and Mithril. They have the potential to bring massive benefits to blockchain, in terms of scaling.
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