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Jafrin Ahmed
Mar 22, 2022
by Jafrin Ahmed

23 New Cardano Staking Pools Created in the Past 24 Hours

Cardano Staking pools
Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours.

With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano's native coin in circulation.

The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm.

Cardano Now at Par With Ethereum L2 network?

According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase.

Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama.

 

At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko.

Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.

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23 New Cardano Staking Pools Created in the Past 24 Hours
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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