- The Cardano Foundation recently revealed its first-ever yearly report with the highlights of 2022
- Although ADA’s metrics stayed neutral, ADA’s price witnessed a 10% surge in the last seven days
The year 2022 could be considered as rough for the crypto market as a whole. The Cardano [ADA] blockchain stood no different and did witness ups and downs over the year. However, it wasn’t all that Cardano had been through in 2022.
The Cardano Foundation, on 18 April, published a tweet that it had launched its first ever yearly report. The report highlighted all the achievements of the network over the last year.
📣 Today we launch our FIRST EVER Annual Report! 🎊
Discover key 2022 achievements and see how they fit along the Foundation’s core focus areas of:
➡️ Operational Resilience
➡️ Education
➡️ Adoption#CFAnnualReport2022 #CardanoFoundation
👇👇👇https://t.co/lVrOsvXm21— Cardano Foundation (@Cardano_CF) April 18, 2023
Is your portfolio green? Check out the Cardano Profit Calculator
Growing through the turmoil
Despite a challenging year on the ADA front, Cardano managed to achieve quite a few milestones in 2022. As tweeted by the non-profit organization, the number of ADA wallets by the end of 2022 reached 3.83 million. Furthermore, the total assets mined stood at 7,431,265.
The foundation also had a number of partnerships as mentioned in the thread. Furthermore, the total number of transactions also reached 57.9 million as per the report.
#Cardano in numbers – 2022
Wallets: 3.83 million
Total assets minted: 7,431,265
Native assets minted (Jan 2022 – Dec 2022): 4,775,817
Delegated wallets: 1.25 million
Stake pools: 3,220
Plutus scripts: 4,705
Total transactions: 57.9 million
Percentage delegated (staked): 71%— Cardano Foundation (@Cardano_CF) April 18, 2023
In addition to mentioning the foundation’s performance in 2022, the report also laid out its plan for 2023. The Twitter thread also stated that the Cardano Foundation plans to update the Cardano infrastructure. It also aims to drive the number of targeted partnerships.
Considering all that Cardano has in store for 2023 leaves us with only one question. Where does Cardano stand at the end of Q1 of 2023?
Where art thou Cardano?
As per data from DefiLlama, ADA’s Total Value Locked (TVL) as of 18 April stood at $169.79 million. Although ADA’s TVL still didn’t stand anyhwere close to its ATH, it was witnessing gradual growth.
Furthermore, as can be seen in the chart given below, ADA’s TVL has been recovering since the beginning of 2023.
Furthermore, as per data from intelligence platform Santiment, development on the Cardano network witnessed a slight rise as of 18 April. This indicated that development on the chain was slowly and steadily rising.
A look at the social dominance metric witnessed a significant spike. This indicated that the blockchain was doing extremely well on the social front.
Source: Santiment
Realistic or not, here’s ADA’s market cap in BTC’s terms
Additionally, a look at ADA’s active addresses over the last 30 days indicated no noteworthy movement at all. This indicated a lack of increased activity on the network.
Furthermore, ADA’s market cap too witnessed a slight decline. It still managed to still stand strong at 15.31 billion.
Source: Santiment
However, ADA’s on chain activity could witness a change of scenario in the days to come. This was because ADA exchanged hands at $0.4425, which was up by 1.59% in the last 24 hours. Additionally, ADA was up by 10.32% over the last seven days. At press time, ADA ranked #7 as per data from CoinMarketCap.
