$STRIKE pool is putting up some crazy numbers 🤯
- 17M ADA TVL
- 2.5M ADA borrowed
- 80% utilization
- 7% ADA APR for suppliers
Good things happen when you ride the waves 🏝️
Congrats to @strikeperps on hitting #2 (impressive!)
Pretty cool that 3/4 top projects had their debut/breakout this bear market
Each in a different category as well (healthy!)
Judging by the growth of some of the other new projects, we might get to 5/6
The Cardano ecosystem has been going through hard times lately, but the builders are still building. A lot of you have been asking us to add $STRIKE from @strikeperps.
Should we add $STRIKE to UEX with:
→ Buy with PayPal, Zelle, or credit card
→ Savings Rewards at 3.5% APY
→ Loans up to 90% of portfolio value
Drop your answer in the comments ⬇️⬇️⬇️
Wednesday Wrap Up for the month of May will be live today at 4pm CT! Come hear everything built in the month of May from CEO @joshualeestone and CEO @WoodlandPools
$STRIKE update:
The flight to escape the bear market flood continues. $STRIKE has held up valiantly here, backed by strong revenues and increasingly active trade volume.
This is what I see when I look at the charts lol. Thanks to $STRIKE, I've protected a significant portion of my portfolio from downside risk.
Anyway, if it mimics the first ascent a year ago, $STRIKE goes to 25 $ADA. This is probably going to be because of $ADA going to 15c, and the Cardanzo and Solana communities rotating into $STRIKE to protect themselves from the continued bear.
The market goes up and down, while Fluid stays growing 😤
debt, number of wallets and collateral have been soaring in the past 7 days!
This means fluid has now more liquidity, with more users and a higher utilisation.
*Chef’s Kiss* 💙
After years of service, @TapTools announcement is a loss for the entire Cardano community. But it's not quite a surprise.
Being in #Cardano data all day, this picture has been forming for more than a year. Most projects are in the same boat: user counts are at all-time lows, engagement is often negligible, and many apps and protocols struggle to reach even double-digit daily active users. Some projects with millions of $ADA in marketcap generate 0 ADA in daily swap volume, sometimes even weekly swap volume. Here's hoping for a short bear market.
Take @cardanzo_tools as an example. NO connection to projects/entities, NO Catalyst funding, NO Treasury, NO VC. After almost 1 Year: less than 500 followers and less than 3,000 $ADA in "funding", despite the fact that it's a nice tool, imho.
But, this started as a fun personal project (out of TapTools' shortcomings actualy, the inability to track some basic token data like liquidity pools paired with assets other than $ADA, token-to-token swaps, or wallets with DeFi positions - and all data that derive from this) and not to make $$$ and has been sustained entirely out of pocket. Who does that, right?
Hence the name that many people dislike 🙂. At the time, the data was more important than a rebrand, and the name simply stuck. Not trying to be offensive!
But I'm quite confident that @TapTools will NOT shut down, someone will step in and continue the project. Quite certain of it.