What's Up With Cardano..?
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2022 will be Cardano’s biggest year yet.
This year we’ll see the two final stages of Cardano’s development roadmap giving improvements from efficiency to governance and beyond.
Now It’s unfortunate that in 2021’s boom of NFTs, DAOs, and DeFi products, Cardano hasn’t really held the industry’s attention.
And Critics have been dismissive of the slow-burn achievements that have come out so far.
But what’s next for Cardano? Is it still the beast it once was?
Here’s where we stand and everything we can look forward to from the Cardano team in 2022.
Cardano DeFi Alliance
DeFi has been… a bit of a question mark for ADA holders.
While there is staking built-in with Cardano, there still aren’t many functional dApps in the ecosystem that can compete with the likes of BNB or Avalanche.
And this is despite the Alonzo smart contracts upgrade being released four entire months ago.
But Hoskinson has said that the ecosystem is there, and it’ll be very active in the coming weeks.
In one of his live videos he addresses concerns over the Cardano DeFi Alliance, specifically the fact that there doesn’t seem to be any DeFi use cases on the network.
He responded saying he has knowledge of 127 projects, including wallets, DEXs, and NFT marketplaces being built at the moment.
And to guide the direction of this network is the DeFi Alliance, a community of developers aiming to establish the standards and best practices in the spirit of quote “cooperative competitiveness”.
Now we can’t let Cardano completely off the hook..
They mostly missed out on the growth of the hundred-billion-dollar DeFi sector this year, but it seems there may be catalysts on the horizon
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