A man after my decentralized heart. Bring on LTC Summer.
Aztec (The Aggregated)👿
**LTC Summer Is Coming: My Story**
In the beginning... JK. (We'll keep it short)
My early research into LitVM led me down a rabbit hole that transformed my perspective on hard money and Web3.
For years, I have contemplated my findings, which ultimately inspired me to co-found LitVM alongside many legends in their respective areas.
Litecoin was my first cryptocurrency purchase. Shortly after, I developed a strong interest in privacy coins. Then I moved on to Cardano, and ultimately, Polygon, which I had the opportunity to help incubate.
Polygon stood out to me because of Ethereum’s potential. There is no scenario in which Ethereum scales effectively without Layer 2 solutions, especially if mass adoption occurs.
Cardano was not scaling quickly enough, and the DeFi and dApps ecosystems required a faster, cheaper platform to flourish. This led me to focus on Matic Network (& QuickSwap / DeFi Summer), which later rebranded to Polygon. Years later, I also helped incubate projects within the Cosmos network, as they were at the forefront of interoperability with IBC (Inter-Blockchain Communication).
Then, Polygon began developing a superior interoperability solution called The Agglayer.
All of my experiences have given me a unique perspective on blockchain technology.
But the story doesn’t end there.
I have always been passionate about macroeconomics and understood that hard money is the foundation of our movement. This realization prompted me to research how we could unify the entire industry and protect our movement from the narrative of "all roads lead to centralization, inflation, and war."
My findings indicated that I needed to integrate all the technologies I've worked with to offer humanity a fighting chance.
The result is LitVM, Litecoin's zk Omnichain.
We are building Hard Money Web3, which represents the culmination of my experiences and the best technologies I have worked alongside.
LitVM = LTC + Polygon + BitcoinOS + AggLayer
🟣🟠🔵
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St₳ke with Pride 🌈 SPO & DRep
ETF expert confident Grayscale index with $ADA will get approval.
Nate Geraci
Sounds like this may be first in line for approval before spot sol ETFs…
Includes XRP & Cardano.
Pretty clear where this is all heading.
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McBobo
if no decentralization exists
we go back to web2 models
simple, and as you said
people want money not tech
VERY VERY FEW REAL ONES REMAIN
MOST HAVE BEEN CORRUPTED
decentralization and open source are very dangerous for those that love power.
voh
My tweet about decentralization actually spurred a lot of debate (and I was called an idiot too many times to count)
So, does decentralization matter?
What does it mean to have a truly decentralized application, protocol, blockchain, or system?
And why aren’t more crypto applications actually decentralized, versus virtue-signaling their “decentralization” that doesn’t actually exist?
True mass decentralized has not yet been achieved broadly speaking (a few outliers), and I don’t think it will be achieved for some time. Examples like Ethereum, Cardano, and Uniswap have been used— but it could be argued that there is some level of centralization in all of these.
For now, most participants don’t actually care about using centralized platforms, chains, etc. This is why CEXs have disproportionately high numbers of users. The average Joe just wants to passively make money, regardless of who has their keys.
The underlying tech stack of MANY crypto applications is not at all decentralized, and has a single point of failure.
Just today, a “decentralized” and “permissionless” platform manually refunded their in-app currency to users that fell for a fake listing. Is this still honoring the decentralization given the points were off-chain? Or is any intermediary meddling showcasing centralization?
I’m glad this debate is happening, with myself unfortunately being the brunt of many jokes, but the overall acknowledgement that “hey… maybe things aren’t as decentralized as they appear to be” is important.
There’s a world where we do achieve mass adoption of decentralized protocols and get rid of the centralization that has plagued our industry, but it won’t happen overnight.
We should champion and support truly decentralized and permissionless apps, protocols, chains, and systems, versus ones that remain centralized with no path to decentralization.
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Emily Vuong
📍There is a very high possibility that $SOL will be the first altcoin to have a spot #ETF approved after $ETH.
📌 The U.S. Securities and Exchange Commission (SEC) has just sent an official request to several organizations proposing a Solana ETF, such as VanEck, 21Shares, Bitwise, Fidelity… asking them to resubmit their amended S-1 filings within a week. The key points lie in two factors: the in-kind asset conversion mechanism and staking - an issue that the SEC previously avoided with Ethereum.
📌 This response indicates that the SEC is not outright rejecting the proposals but wants to clarify technical details, opening up the possibility of approval within the next 3–5 weeks, which means as soon as July 2025. After #Bitcoin and #Ethereum, #Solana is emerging as the most promising candidate for a spot altcoin ETF.
📌 Notably, the SEC is not banning staking but only requires clarification on how to handle staking rewards in the ETF. If the Solana ETF can integrate staking, this would be a significant advancement, setting a precedent for crypto products that incorporate yield within traditional financial structures. Bloomberg previously estimated the likelihood of the Solana ETF being approved at 90%, surpassing many other altcoins like #XRP, #ADA, #DOGE... The SEC's proactive request for additional filings further strengthens confidence in a positive outcome.
📌 The price of #SOL reacted immediately to the news, surging nearly 4%, approaching the $165 range. If the ETF scenario is approved in July, Solana could become the new catalyst for institutional capital returning to altcoins after the ETH ETF.
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Cardano price performance in USD
The current price of Cardano is $0.68760. Over the last 24 hours, Cardano has decreased by -4.49%. It currently has a circulating supply of 36,095,092,968 ADA and a maximum supply of 45,000,000,000 ADA, giving it a fully diluted market cap of $24.87B. At present, Cardano holds the 9 position in market cap rankings. The Cardano/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Cardano (ADA) is a third-generation blockchain platform looking to improve the workings of Ethereum and Bitcoin. Named after Gerolamo Cardano, a 16th-century Italian polymath, Cardano describes itself as a third-generation blockchain equipped with the technologies required to enable a sustainable and secure crypto network.
Like every Layer 1 blockchain project, Cardano also has its native token, which doubles as the consensus anchoring mechanism and a settlement currency. This token is named ADA after a 19th-century mathematician, Ada Lovelace, who developed the first computer algorithm and is regarded as the first programmer.
How does Cardano work?
Cardano is among the first blockchains to be built using the highly secure Haskell programming language. Its multi-layered protocol is capable of performing sophisticated functions, comprising of a Cardano Settlement Layer (CSL), which serves as a unit of account, and a Cardano Computing Layer (CCL), which executes smart contracts and facilitates identity recognition and compliance.
The workings of Cardano boil down to implementing an energy-efficient consensus mechanism called Ouroboros. Ouroboros is a Proof of Stake (PoS) consensus mechanism where users stake their assets to validate transactions. The validators are rewarded with ADA tokens in proportion to their staked assets. This in-house developed technology allows Cardano to use only a fraction of the energy used by legacy blockchains like Bitcoin and Ethereum to validate transactions and keep their networks secure.
Besides offering an environmentally friendly network, the Cardano blockchain resolves the scalability issues plaguing established blockchains without dialing down on the importance of decentralization. Specifically, Cardano currently processes 250 transactions per second (TPS), a considerably high figure compared to Ethereum's 15 TPS and Bitcoin's 4 TPS. It does this while providing the infrastructure required to develop and launch decentralized applications (DApps). Notably, these functionalities have elevated Cardano's popularity in the crypto community.
ADA tokens are used to pay transaction fees, and users can also stake their ADA tokens to receive ADA-denominated yields. In the future, holders can use their ADA tokens to participate in governance-related processes. When this happens, ADA holders will become the major stakeholders of the Cardano economy and will collectively decide on the future of the blockchain.
Over the years, Cardano has emerged as one of the top ten cryptocurrencies by market capitalization due to its sophisticated blockchain architecture and the endless potential it offers as regards blockchain scalability.
What is Cardano's Alonzo upgrade?
The Alonzo upgrade was one of the most significant enhancements to the Cardano network, adding smart contract capabilities. It was implemented on the Mainnet in September 2021 and furthered its aim of competing with Ethereum, the world's leading smart contract platform. The introduction of smart contracts laid the path for developers to build various applications on Cardano and even mint non-fungible tokens (NFTs), expanding the network's capabilities in the decentralized finance (DeFi) space.
What is Cardano's Vasil upgrade?
Another significant development for the Cardano ecosystem was the Vasil upgrade. Named after Vasil Dabov, a Bulgarian mathematician and former Cardano contributor who passed away in December 2021, the upgrade aims to enhance the network's capabilities. While the upgrade was initially scheduled for June 2022, it was delayed to September 22, 2022, a week after Ethereum, Cardano's biggest competitor, switched to a PoS network.
The Vasil upgrade enhanced Cardano's programming language Plutus, enabling developers to build dApps with greater speed, transactional capability, and powerful scripts. The upgrade also introduced diffusion pipelining, which streamlined the sharing of new blocks with network participants, ensuring that blocks can be shared in the network within five seconds of their creation. The Vasil upgrade was implemented as a hard fork and aimed to enhance the network's throughput and experience for all users.
ADA price and tokenomics
ADA has a max supply of 45 billion tokens, and 34.18 billion ADA tokens were already in circulation by September 2022. Initially, ADA was distributed through an initial coin offering (ICO) in which 25.9 billion ADA tokens were sold in five rounds of public sales for around $79.2 million.
A total of 5.18 billion ADA tokens, or 20 percent of the circulating supply of 25.9 billion, was distributed among the three entities responsible for the development of Cardano. They are Input Output Hong Kong (IOHK), the Cardano Foundation, and Emurgo. IOHK received 2.46 billion tokens, while Emurgo and the Cardano Foundation received 2.07 billion and 640 million ADA tokens, respectively.
Therefore, 31.11 billion ADA tokens were in circulation at Cardano's official launch, and the remaining 13.88 billion ADA tokens were set aside as a reserve to incentivize and reward stakers. The primary distribution mechanism of ADA is its staking mechanism. Like most blockchain solutions, Cardano runs an incentive-based economy designed to encourage participants to contribute positively to the growth and safety of the ecosystem.
Specifically, stakers are rewarded with ADA tokens as part of the mechanisms to encourage users to participate in the transaction validation process. In essence, staking doubles as a token emission system for Cardano as newly issued coins are periodically allocated to successful stakers. This will continue until 45 billion ADA coins are in circulation.
As mentioned earlier, the supply cap of ADA is 45 billion tokens, with approximately 34.18 billion tokens already in circulation. Considering that 31.1 billion ADA was allocated to various entities at the launch of Cardano, it is safe to say that around 2.9 billion ADA has been distributed via the staking mechanism.
About the founders
Cardano was launched in 2017 by founder Charles Hoskinson. Although Hoskinson started researching and building Cardano in 2015, the project and its native token, ADA, did not officially launch until 2017.
Before this, Hoskinson was heavily involved in creating Ethereum as one of its co-founders. He left the project due to differences in ideologies over the future of the network. Hoskinson reportedly wanted to accept venture capital and turn Ethereum into a for-profit project, while Vitalik Buterin wanted to keep it running as a non-profit.
Former Ethereum colleague Jeremy Wood approached Hoskinson soon after, and the two started Input Output Hong Kong (IOHK) in 2015. IOHK is an engineering company that primarily focuses on the development of Cardano while helping to build cryptocurrencies and blockchains for academic institutions, enterprises, and government entities.
In addition to being a contributor to Ethereum, Hoskinson was the founding chairman of the Bitcoin Foundation's education committee. He also established the Cryptocurrency Research Group in 2013.
What makes Cardano unique?
One thing that continues to set Cardano apart is how its development has unraveled via an open-source and peer-reviewed model. Cardano is peer-reviewed, as all of the components that have come together to make up its infrastructure were academically researched by experts around the globe using evidence-based methodologies. As such, it has taken longer than expected for some of the features of Cardano to come to life. This is due to the strict scrutiny that each upgrade must undergo before implementation.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 17K new posts about Cardano, driven by 4.7K contributors, and total online engagement reached 3M social interactions. The sentiment score for Cardano currently stands at 87%. Compared to all cryptocurrencies, post volume for Cardano currently ranks at 781. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cardano.
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Posts
17,303
Contributors
4,660
Interactions
3,038,176
Sentiment
87%
Volume rank
#781
X
Posts
15,235
Interactions
2,726,516
Sentiment
88%
Cardano FAQ
How much is 1 Cardano worth today?
Currently, one Cardano is worth $0.68760. For answers and insight into Cardano's price action, you're in the right place. Explore the latest Cardano charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cardano, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cardano have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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