Hey Cardanians! Welcome aboard the Weekly Cardano Digest #53!!

We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.

Here are the topics of the week:

• Catalyst Fund13 Results Are In!

• Ledger Live Now Supports ADA Swaps

• State of Cardano Q3 2024

• & More!

This newsletter is segmented into categories of less technical news topics to those that are more technical, in an effort to make it easier for our readers to follow. The first category will focus on news involving the Cardano ecosystem, while the second category will focus on projects that have been announced recently. The third category, which will be found towards the end of the newsletter, will focus on the most technical topics.

This week on Cardano…

Catalyst Fund13 Results Are In!

The long-anticipated Project Catalyst Fund13 results have been announced, marking a new chapter in Cardano's community-driven innovation! Over 2.5 billion ADA were cast through 311,000 votes, selecting 199 projects from 7,000 participating wallets. This milestone brings the total funded projects to 2,090, with over half already completed. A huge thank you to all voters, proposers, and the Catalyst team for their contributions. Read More / Results

Ledger Live Now Supports ADA Swaps

Ledger, a leading provider of secure hardware wallets, has added ADA swapping functionality to its Ledger Live Desktop application through a partnership with Exodus. This integration allows users to exchange ADA for other cryptocurrencies without leaving the Ledger ecosystem, ensuring top-notch security and user convenience. It’s a significant step forward for ADA holders, enabling seamless and safe access to multi-asset management directly within the Ledger Live platform. Read More

Messari Report: State of Cardano Q3 2024

Messari, a leading crypto research and data platform, has published an insightful report on Cardano’s Q3 2024 performance. Highlights include:

• The Chang Hard Fork occurred on Sept. 1, 2024, initiating a technical bootstrapping phase that set the stage for decentralized governance over Cardano by ADA tokenholders.

• Revenue (USD) decreased 31.2% QoQ to $0.51 million. This was impacted by Cardano’s 15.9% QoQ decrease in average daily transactions, which fell to 43,200.

• TVL (USD) rebounded 13.3% QoQ to $231.6 million. This was led by Liqwid and Splash, whose TVL grew 77.2% and 76% QoQ, respectively.

• Stablecoin market cap stagnated, up just 5.4% QoQ to $20.7 million. USDM continued to grow after launching in March, increasing 148.5% QoQ to $7.9 million.

• ADA’s token price decreased 4.8% QoQ to $0.37, with its market cap rank falling from 10th to 11th.

🔗 Full Report

Interesting Stories:

🎊 A Message from Lucas

Hello everyone! This edition marks a significant milestone—our 53rd digest, completing a year of bringing you the most exciting developments in the Cardano ecosystem. I am deeply grateful for your unwavering support, insightful feedback, and engagement. On year ago we started this newsletter as an idea. Now 12 Months later we are more than 1,100 people. I cant explain the joy I get seeing so many people reading the newsletter for staying updated on Cardano. 

I’m also thrilled to share that, thanks to the incredible trust the Cardano community has shown me, I have now surpassed 10 million ADA in DRep delegations. This is not just a personal milestone but a testament to the strength and unity of our community.

Here’s to another year of growth and innovation together. Thank you for being a vital part of this journey!

Warm regards,

–Lucas Macchiavelli