Cardano is having the best year of its existence. Peaking at third rank on market cap, we could easily say that it has been the best period to Cardano investors as well. But what is Cardano? And why did it see so much increase this year?

Cardano is an ecosystem that is building fast, flexible and sustainable growth. This allows any project on Cardano to be both cheap, fast and allows it to grow without any problems at all. Unlike ETH where people have fee problems or unlike BSC where people have centralization problems. 

 Cardano uses Haskell for development language which is rare in the crypto world. They have talked about how Haskell is a language that is robust and precise which allows Cardano to be more secure. With Haskell they hope to make Cardano a lot more safe than any other blockchain. We can see news of some projects in the DeFi world getting hacked and accounts emptied. This is why a secure and safe system has big advantages. 

 Cardano provides the best solution to all project creators. From finance dapps to games to many other applications, Cardano’s blockchain provides the best base for them all.

Cardano didn’t offer the Smart Contracts so far. With testnet starting the first tests on their testnet on 5th of september there are some projects checking to see if it is as good as promised. So far there have been some scalability issues that Cardano promises not to have, which caused some of the projects to close testnet versions forever.

However testnets are for testing and if the problems are solved they could finally reach the level they always wanted to reach. Most important part of ADA road is to get projects to be on their blockchain and if scalability isn’t there then it will be a big problem. 

 So far the solutions offered haven’t been clear, there are certain centralized solutions which would not be ideal, and there is also one tx per block method which is not ideal at all. For example a project called “minswap” tested out their project on Cardano testnet and they had to stop it not too long after.

This was caused by the one tx per block problem they were having. This is mainly caused by the “EUTXO” which is extended UTXO that bitcoin uses. This was created to make it faster and cheaper, but at the same time it is the root of Cardano’s problems.

Smart Contract building is not an easy task, building it on a whole new development language nobody used in crypto is even harder. Adding to that and making something brand new on top of an old thing in another language makes things even harder.

Cardano investors may have to endure some more before they could see a perfect smart contract launch. Which is not always a bad thing, as long as it is tested and perfected to provide the best blockchain for projects and investors.

 Meaning Cardano has the biggest potential in all of crypto currencies right now. However it has been priced as if they managed to do it already, when they are still so far off. Time will show if ADA reaches to levels people expect it to reach, or if they will come short of their goals.

In order to understand an ecosystem better, we need to first see projects in that ecosystem. This would allow us to see if the ecosystem is filled with strong projects or not. Today we are going to talk about some of the best projects based on Cardano blockchain.

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AMM and DeFi swaps are dime a dozen in the crypto world. However Ergodex is a bit different, they are a cross chain between Ergo and ADA blockchains, allowing them the best of two worlds. They are not fully on ADA just yet, because we are still in the testnet part of the smart contract world.

However they are definitely working on it as we speak. They are currently implementing work arounds on the problems ADA had on its testnet. They did not close the system but told customers to keep using the system while they are building the better version.

Considering they are a very safe DEX even before implementing ADA and how much better they will be afterwards? They are one of the most anticipated one in the market.

Adax had a very problematic start. They did a big airdrop for marketing and this resulted with thousands upon thousands of bots swarming social media. It is understandable that they couldn’t do anything after it got started, however they were not willing to stop it either.

So far there have been more complaints than support in social media, plus quite a bit of accusations as well. ADAX looked like the perfect product that would get into Cardano world and make a big name, but their business methods blocked that unfortunately.

It still managed to move from 27 cents to over 1$ since July, so I wouldn’t say all is bad with ADAX either. They are still growing, but not as high as they could have if they didn’t use bots.

Do you watch stuff on Netflix? Or listen to music on Spotify? How about your Amazon Prime? Well Revuto is helping you with ALL of those subscriptions. Netflix, HBO GO, Apple TV, Youtube premium, spotify, amazon prime, twitch, icloud, dropbox, PSN, XBOX live, and countless others.

There are over 50 subscriptions you can use Revuto for. You open an account, get a Cardano native token called Revuto, create a Revuto virtual debit card and you are ready to pay all of your subscriptions from a single source. You could even stake your Revuto while you are not using them, and do yield farming as well.

You will get cash back rewards for paying with Revuto as well. Which means you could technically earn enough Revuto per month using staking/yield farming/cashbacks and get all of your subscriptions for free. Revolutionary innovation in the subscription payment world and they are definitely one of the better projects in Cardano.

Ray Network is not just a Swap, they have a whole network built on top of ADA blockchain. From their own token to a wallet, staking ADA with them to earn %5 APR and XRAY token on top of it. In this ecosystem, Ray Swap allows people to swap many ADA based tokens without a problem.

AMM and Yield Farming is possible as well. They are a very ambitious project, creating a huge ecosystem that includes even the NFT world. This puts them in contention to be one of the best ADA projects in the world if they can achieve it.

Of course we do not know if they will be able to achieve or not. They had a little bit of problem with distributing XRAY to people who stake ADA with them. However as we all learned in the crypto world so far, small bugs can be ignored as long as there are good intentions.

OccamFi is mainly an IDO launchpad for ADA projects. They are also a liquidity provider for the projects they help mainly, but few others as well. They are known to do their IDO in another platform and for ETH as well and start swapping for their native token on Uniswap.

For a project that is a launchpad for IDO’s in the ADA world, that was seen as a wrong move. Understandably the community saw this as a cheap move to guarantee income for project creators, and moved away from the project.

However they are working hard to partner with upcoming projects to change the narrative. Since you would need to buy their token from Uniswap using ETH, projects are refraining from launching on Occam because it would cost investors a lot of money on fee’s. However when ADA smart contract world starts up, Occam could have a great bright future. 

Charli3 is an oracle solution for ADA blockchain. Oracle solutions are what combines off-chain data into on-chain contracts. This way projects could build much more complicated things while spending less fees and data.

Of course ETH oracle solutions require immense fees and this causes them to be slow and expensive. Charli3 is built to do the same thing on ADA blockchain to make it faster, more secure and as cheap as it gets. However there hasn’t been much attention to it by the community as of yet.

Definitely a project that got some price action during summer and doing better than their IDO price. However that doesn’t mean there is sustainable growth either. Once again, it is an ERC20 token, working on ADA blockchain, so there is some judgement over this choice for them too.

An all-in-one wallet for ADA to make Metamask or any other mute points. They started out as Metamask killer in the ADA ecosystem, yet so far not many people are moving away from Metamask as of yet. Gero wallet also created their own token as well which saw a huge increase on the first days, but failed to sustain so far.

They also have a huge accusation of using fake team member names and pictures as well, which is a very big risk. As far as this project goes, there are too many unanswered questions to make Gero Wallet replace any other wallet in the ecosystem. Numbers are showing weak support as well. Definitely a need for ADA, a good idea, even a good execution, but not great business management.

Creating a dex in ADA is not a rare idea. There have been plenty of projects aiming to build the same thing. However SundaeSwap is doing it with style, they are taking a food naming approach to it. Which has been proven to be popular with people for branding purposes.

They have a great design, a great staking pool as well. All in all they are distributing a good amount of their tokens to anyone who stake ADA. Considering all of your ADA will always be safely stored away from them, and only your rewards are at risk. This also has the utmost security in all of the projects.

With their ISO system (initial stake pool offering) they increased the security to an all time high. However, the only downside of Sundaeswap is the fact that the team is anonymous and this does not fly well in the crypto world. If nobody from the project is known, then rarely people end up putting money into it. Combining high risk of an anonymous team with the high security of ISO balances things out a little bit.

In the end ADA still has a long way to go. Even though it has been around since 2017 (development started in 2015). Nobody expected ADA to be finally getting ready to roll up to the big boys table this year. By the start of 2021 Cardano was close to 0.18 cents, now even after drops it managed to stay above 2$ easily.

It has been a rough road, there is still a need to fix the Smart Contract issue and some other smaller stuff, and need to attract more projects as well. However even with all that said, Cardano managed to reach a point where it could rival ETH for blockchain dominance.

This could eventually turn ADA into a major player in the crypto world. Not just in market cap price, because even without smart contracts it managed to go beyond BNB. This is much bigger than that, ADA has potential to be the starting point of everything that opens to the crypto world. There is still a long way to go, but the goal is really ambitious.

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