On Monday (August 15), one highly popular pseudonymous $ADA whale pointed out three ways in which Cardano is better than other layer 1 Proof-of-Stake (PoS) blockchains.
“ADA Whale” (“@cardano_whale” on Twitter) told his over 110K Twitter followers that Cardano does “security, staking and decentralisation of block production” better than any of its L1 competitors that use PoS consensus:
He then went on to comment on Cardano’s total value locked (TVL), i.e. the amount of user funds deposited in its decentralized finance (DeFi) protocols. According to a DeFi Llama adatai, currently (as of 9:30 a.m. UTC on August 15), Ethereum is the blockchain with the highest TVL with $38.94 billion and Cardano is in 28th place (among all blockchains, not just L1 blockchains) with a TVL of $100.46 million.
Anyway, here is how the popular Cardano influencer/educator explained why Cardano’s TVL is currently relatively small:
On August 13, he explained what category of investors are Cardano’s target audience:
One of those that replied to him was the operator of the UK-based VEGAS ADA Pool:
And on August 12, “ADA Whale” provided a summary of IOG’s mid-month development update on the progress toward the Vasil upgrade:
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