IOHK’s weekly update leaves $0.420 in sight

IOHK’s weekly development update and Stablecoin news provide support

On Friday, Input Output HK (IOHK) released its weekly development report, which provided ADA price support.

According to Feb 3 a reportAnd

  • There have been 116 projects launched on the Cardano Network, up three from January 27.
  • The total number of projects built on the Cardano network reached 1,200, up nine from the previous report.
  • The total number of Plutus scripts was 5689, of which 680 were Plutus V2 scripts. As of January 27, Plautus’ texts total 5,560.

Before Vasil’s hard fork, the number of projects launched on Cardano was 98, with 1,100 projects built on the Cardano network.

Other stats included 60.4 million transactions (previously reported: 59.8 million), 7.67 million local tokens (PR: 7.63 million), and 69,268 policy tokens (PR: 68,989).

The upward trend in projects launched on the basis of the Cardano network continues to attract investor interest.

Earlier in the Friday session, IOHK also shared the latest updates from COTI on the algorithmic stablecoin DJED.

On Thursday, Input Output Hong Kong (IOHK) subscriber The latest from COTI after the launch of the JD stablecoin. According to the COTI Recap,

  • Total liquidity of 28 million ADA on the platform.
  • 1.85 million grandfathers minted and 40 thousand burned.
  • 21 million shin were minted and 73,000 burned.
  • DJED and SHEN have been at the helm of Cardano DEX, including Miniswap, Wingriders, and MuesliSwap.

The reserve ratio as of this morning was 638%, with a basic reserve of 29,665,859.6 ADA, according to Jed’s website, which is within a commitment of 400% to 800% safety ratio.

According to DeFi Llama, Cardano’s total value closed (TVL) is $100.93 million this morning, up 2.80% in 24 hours. The upward trend since the beginning of the year has continued, providing ADA price support. Year-to-date, TVL is up 98.7% compared to ADA’s 62.6% gain and Cardano’s 63.2% increase in market capitalization.

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