last month VasilCardano (which has successfully upgraded ISLAND), dropped to an 8-month low in terms of stake value.
The smart contract platform has entered a new dimension with the Vasil upgrade, which is on the agenda. However, this upgrade, which users have been eagerly and excitedly waiting for, has not yet come to fruition. Unable to keep up with the general market in terms of price stability, ADA also experienced decreases in network activities.
Cardano Network Stake Rate Drops
There has been a decrease in the total amount of locked assets (TVL) representing staked coins on the Cardano network. The amount of stakes, which has been falling steadily since March, momentarily reached the lowest level in 8 months. Also, the staked coin value has increased for the first time since January. 80 millionfell below the dollar.
Popular smart contract platform ISLAND, the total locked value ( TVL) data about 76 million moves around the dollar. This data is in March. 326 million well below the dollar value. The 8-month decline peak experienced is approximately 76 percentIt corresponds to .
ADA in the TVL rankings, its strong rivals BTC, ALGO, MATIC, AVAXIt took the 27th place behind the coins. 32 billiondollar TVLby value Ethereumin a leading position.
