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Following the launch of the Goguen phase and the Alonzo hard fork, the number of applications within the Cardano ecosystem is increasing exponentially. The Cardano network currently sits as the third-largest blockchain and cryptocurrency project by market cap, preceeded only by Bitcoin and Ethereum. Moreover, a surge in activity in the Cardano ecosystem enhances the demand and utility of its native ADA asset. Strictly ADA coin, but often known as ADA token, Cardano's core cryptocurrency is a unit of exchange with cross-chain functionality. As such, the Cardano blockchain is becoming an increasingly popular choice with developers to design and deploy decentralized applications (dApps).
Cardano is one of the longest-established blockchains in the industry. The highly performant ADA token has seen tremendous adoption with the introduction of Cardano staking. There is a great deal of excitement surrounding the platform as we enter the penultimate phase of the Cardano roadmap. This will see the introduction of Cardano smart contracts, which will propel the platform into the world of decentralized finance (DeFi).
