Weekly Cardano Digest #56

Institutional Confidence in Cardano Soars, dAPP launches and More!

Hey Cardanians! Welcome aboard the Weekly Cardano Digest #56!!

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:

  • Cardano Gains Institutional Momentum: Hashdex and Grayscale Expand ADA Holdings

  • Butane Protocol Prepares for Launch: What It Means for DeFi on Cardano

  • PALM Economy Public Sale: A Step Toward Blockchain-Driven Sustainability

  • Weekly Development Report

  • & More!

Cardano Gains Institutional Momentum: Hashdex and Grayscale Expand ADA Holdings

Two major institutional players are making significant moves with Cardano. Hashdex, a global asset manager with over $1.22 billion in assets under management, has included Cardano ($ADA) in its Nasdaq Crypto Index ETF, now ranking it as the fund's 5th largest component. This inclusion signals Cardano's growing recognition as a robust blockchain platform among institutional investors.

Adding to this, Grayscale has boosted ADA's allocation in its Non-Ethereum Smart Contract Platform Fund, giving Cardano a commanding 20% share of the fund. For Cardano users, this increased institutional adoption highlights trust in the network's scalability, sustainability, and future as a leading smart contract platform. These developments could mean higher liquidity and broader recognition for ADA in global markets. Read More

Butane Protocol prepares for main net launch

The Butane Protocol, a decentralized synthetic asset platform built on Cardano, is gearing up for its official launch on January 24th, 2025. Synthetic assets replicate the value of real-world assets, enabling users to access and trade commodities, equities, and other financial instruments directly on the blockchain.

Butane’s relevance for Cardano users lies in its ability to expand the ecosystem's decentralized finance (DeFi) offerings, allowing users to diversify their portfolios and explore innovative trading opportunities without relying on traditional financial systems. The protocol promises to be an exciting addition to Cardano’s DeFi landscape, with its collateral assets to be revealed in the pre-launch phase. Read More

PALM Economy Public Sale: Real World Assets on Cardano

The PALM Economy team has announced that the public sale for its $PALM token will begin on January 21st, 2025. The PALM project focuses on building an economic model that leverages blockchain to promote transparency and fairness in transactions of physical goods.

By aligning with Cardano’s ethos of enabling financial empowerment through blockchain, the PALM Economy could become a key player in fostering equitable growth across decentralized markets. Read More

Interesting Stories:

Essential Cardano's weekly development report

🎊 A Message from Lucas

What an incredible week for Cardano. The news of Hashdex and Grayscale increasing their exposure to ADA is nothing short of monumental. Institutional adoption like this highlights the confidence in Cardano's long-term potential and its ability to stand out in the highly competitive blockchain landscape.

Let’s continue building and showcasing the power of Cardano to the world. Here’s to more milestones and success stories. The future is bright.

–Lucas Macchiavelli

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