Myles Smith

Exploring how blockchain/DeFi/DAOs/Web3 etc can help local communities improve soil health, gut health and mental health.

[Myles Smith @smyles_ith]

@Evecoins Done

[Coin Bureau @coinbureau]

🚨Which will see the biggest growth this bull market?

$ADA or $SUI? Choose your side👇

[killerwhale @adakillerwhale]

When ADA was $3, there wasn’t much there.

Today, we have an incredible array of dApps, wallets, and scaling solutions.

I’m going to take you through almost 3 years worth of history in this post, so make sure to follow, retweet, and bookmark this.

It all began with the introduction of smart contracts with the Alonzo hardfork, which allowed for developers to write scripts using Plutus, which was based on Haskell.

With this, we saw the rise of the very first dApps and projects on Cardano. This includes Muesliswap as the first DEX, and Sundaeswap as the first AMM DEX. Later, we saw the rise of Minswap and Wingriders, which gained adoption quickly.

Various NFT Projects and exchanges also launched in a short period of time, with Berries by Ales being the first NFTs minted. Notable projects from this time include Spacebudz, Clay Nation, DeadPxlz, Pavia, Cornucopias, and eventually Ape Society. Liqwid Finance, World Mobile, and Ardana were among the leading DeFi projects.

The issue was that the network was painfully inefficient at this time. The next key hardfork was Vasil, which allowed for reference inputs and scripts, increased throughput, and optimized Plutus with online Datums and Collateral Outputs.

TVL as this point began to see its first substantial rise, and newer platforms such as AADA (now known as LenFi) launched P2P lending. We also saw the rise of JPG Store as a clear leader in the NFT industry.

This was the first time the Cardano ecosystem saw parabolic growth, and hit record numbers all across the board.

We saw the parabolic rise of many tokens, most notably LenFi, VYFI, the MILK ecosystem, and many more. Presales hit records in the tens of millions of ADA.

Volume saw a MAJOR increase due to the first memes on Cardano being extremely in demand, with SNEK paving the path for others to follow.

The largest contributors to TVL were Optim with bonds, Liqwid, Indigo with synthetic assets, and various DEXes.

We saw the first real attempt at a stable with iUSD, iBTC, and iETH from Indigo.

After this, Cardano came to a lull. Prices fell, and they fell hard. TVL stagnated completely. ADA hit ATL after ATL. iUSD depegged, and the ecosystem looked dead. No one was building.

It would take some time to recover.

DexHunter later became Cardano’s first standalone DEX aggregator and quickly dominated the market, and heavily simplified trading.

The launch of protocols such as AXO, Splash, Minswap V2, Sundaeswap V3 allowed for capital effiency and speed when integrated with DH that rivaled EVM chains.

New wallets such as VESPR allowed for extremely good UX for mobile trading.

The focus remained toward DeFi from NFTs, which suffered a slow death. Many projects decided to go cross-chain, if not leave completely.

That brought us to the rise of DePIN in Cardano, with IAG making tremendous steps for the industry, as well as price increases for its holders.

SNEK began to rise again, with many products launching.

There was another memecoin season, though notably much smaller than the last, as we had many pumpfun spinoffs.

NVL, TITAN, and DEDI are some of the flagship DePIN tokens in Cardano.

When looking forward, we are still waiting for a complete prediction market to launch. Butane is reworking synthetics, and many more projects are being built.

For a more complete summary, check my pinned tweet.

There was one more historic achievement that I’ve yet to discuss. Though Cardano saw many speed increases with the introduction of hydra, and eventually the switch to Aiken, there is not anything more fundamentally aligned with the true vision for crypto than the Chang Hardfork.

It made Cardano the first self-governing project ever, with dReps, the interim constitution, and access to a 1B+ ADA treasury.

Thanks, and make sure to drop a follow.

[Myles Smith @smyles_ith]

@Moosaali4753 @LetsTalk_FPL yes, you will get them back (or any hit points).

[Myles Smith @smyles_ith]

@FPL__Raptor Seeing how Fulham dominated the toon, I wonder what city and Haaland will do to them. Squeeky bum.

[Charles Hoskinson @IOHK_Charles]

Bankless https://t.co/hpsHF4Kb6h

[Empowa @empowa_io]

We are excited to announce that Empowa has the opportunity to work with the Nairobi Securities Exchange (NSE) to explore the use of blockchain technology for funding affordable housing in Kenya. The NSE is one of Africa's leading stock exchanges and a key player in the African financial ecosystem 🇰🇪🏠📈

We are looking for Catalyst support for this project and to showcase what Cardano technology can enable 🦾

Together with the help of the #CardanoCommunity and Catalyst funding, we look forward to the opportunity to unlock this! 🔑

👇🏽 Learn more about the #ProjectCatalyst proposal:
https://t.co/c6StB46FYA

#Cardano

[Charles Hoskinson @IOHK_Charles]

Humility https://t.co/SijGm9668N

[Russell Brand @rustyrockets]

AstraZeneca withdrawn after admitting blood clots, Pfizer are settling cancer cases out of court and former CNN anchors are taking Ivermectin. "Where's your Conspiracy Theory Now?!"

[Sundae Labs 🍨 @SundaeSwap]

The Sundae v3 protocol has been initialized:

https://t.co/CG0imLVByQ

[Double Down News @DoubleDownNews]

Ignore this burnt child clinging to his dad.

Antisemitism or something.

https://t.co/xMAXxdODI2

[Charles Hoskinson @IOHK_Charles]

Moving the chains

[Liqwid @liqwidfinance]

wen v2?

now.

https://t.co/JMZWmyeKf7

[Myles Smith @smyles_ith]

@bigpey 🚀🚀🚀

[Myles Smith @smyles_ith]

@MissVanilicious good luck addr1q8j0ya5dxe6uy0tjr7wv5xcnw0hhly2nc25y4wd89l9an6qw25n256gc2esm60ketvmn3yya6a72n8duzlpxz2y9skdsp9n7mu

[Chris O 🌎 Cardano DRep @TheOCcryptobro]

#Cardano fam, no matter how dirty they play, or how much they cheat, wash trade, bribe, manipulate, lie their VC way to dominance & individual wealth they can not in the Long Term (& medium too) stop @Cardano’s ascension. WE ARE INEVITABLE. And that is why they hate us…… $ADA @cardano_whale @IOHK_Charles @jasonappleton

[$INDY Man @The_INDY_Man]

🚨 The wait is over! $INDY will be listed on @MEXC_Official tomorrow 🔥

[V E S P R @vesprwallet]

🪂 AIRDROP: Earn points toward the $NVL airdrop while trading with VESPR Swaps, rules TBA.

Engage with this post.

In collaboration with @DexHunterIO & @NuvolaDigital_

[Tudor | Blazar @cotruta_tudor]

#HYDRA IS HERE.
#Cardano devs are already experimenting with it, studying the possibilities. More features are coming as planned, or even: if we/you request them for worthy utilities.

HYDRA IS NOT A DApp
HYDRA IS NOT A SIDECHAIN RUN BY IOG
IT'S A TOOL FOR YOUR COMMERCIAL PROJECT/DApp

And before anyone tells me Hydra is not ready because of partial commits and decommits that are coming in the next few weeks/months, I want you to answer a question:

If you are building a Dapp or any utility, have you spun up a few Hydra Nodes and a Hydra Head? Have you ensured you understand how it works and are able to integrate it effectively? Do you know the entire flow of your endeavor, including user experience and how you will get your users?

If any of these are not yet ready, then you don't need those de/commits yet. Keep coding and developing."

For non-devs:
You will only use Hydra after the developers have started using it.
@InputOutputHK won't initiate 10 teams to make projects on Cardano to be fudded later for draining liquidity with commercial projects, DUH!

For Devs♥️:
Need clarity? Read the whole thing:
>> https://t.co/3mWob2h3FB
>> https://t.co/t6X8VAX2J6
Finished reading and experimenting?
Join the IOG Technical Community Discord, "Ask Hydra" Channel
>> https://t.co/yIKT6ab7UO
The Hydra team is available Monday to Friday to assist with your questions and verify your code, bugs, and integrations.

Want to dive in deeply?
The team hosts monthly Google Meet calls for updates and Q&A sessions about Hydra and Mythril, just keep an eye on Hydra > Announcements.

Much Love!