Despite 'crypto winter,' Cardano is rising

ADA's price performance over the previous two weeks has similarly reflected the mainly positive metrics. The token's price has increased by 10.8 percent over the past 14 days and 9.3 percent over the past week.

Cardano Foundation has released its monthly summary of on-chain data, revealing a rise of 7.74 percent in on-chain transactions to 42.5 million.

The thorough infographics also reveal that 947 submissions were funded by Cardano project catalytic money. The number of unique wallets holding Cardano has increased by 1.84 percent, reaching 3.36 million.

In addition, the number of Cardano's native coins has increased by 8.64 percent to 5.03 million, and there are now 2,761 spilled scripts on the network, an increase of 5.47 percent.

However, not every network number is positive. The number of stake pools has decreased by 0.75 percent, while the proportion of ADA staked has decreased by 1.35 percent.

In the interim, ADA's price performance over the past two weeks has likewise mirrored the mainly positive data. The token's price has increased by 10.8 percent over the past 14 days and 9.3 percent over the past week.

In addition, network enthusiasm is high as aficionados anticipate the Vasil hard fork, slated by the end of this month. IOHK has stated that this upgrade will enhance the capabilities of the network's smart contracts.

Cardano TVL has declined by more than 60 percent in the previous sixty days.

According to DeFiLlama data, Cardano has lost approximately 60 percent of the total value locked (TVL) of assets on its network over the past two months and roughly 10 percent over the past twenty-four hours.

As of May 27th, Cardano's TVL had decreased from a record high of almost $320 million in March to $114.17 million. As of June 2, this figure has climbed to $134,18 million.

Several decentralized exchanges based on Cardano have lost a considerable portion of their TVL. The top decentralized exchange (DEX) on Cardano, MinSwap, has lost 35.43 percent of its TVL during the past thirty days.

Others, including WingRiders, SundaeSwap, and MeowSwapFi, have lost between 33 and 55% of their TVL during the same time period. The sole exception, according to the data, is MuesliSwap, which has increased by 306% over the past month.

Cardano is now rated as the 30th largest smart contract-enabled blockchain, behind illustrious competitors like as Solana, Avalanche, and Ethereum.

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