A significant investor in this ADA ecosystem believes some Cardano news has gone unnoticed; this development could increase optimism in the network. Via social media platform X, the pseudonym ADA investor made the case for the “bullish development” happening on this blockchain.
Positive Cardano News Go Under The Radar?
The pseudonym investor shared some of this unnoticed Cardano news, including launching several projects that could onboard more users on the network. These projects include OptionFlow, a trading platform offering access to decentralized derivatives, such as bonds, options, and others.
The platform recently launched its testnet and hinted at a “Phase 2” launch in the coming months. The ADA whale claims that Cardano will “shine” in offering derivative products. The Open Interest (OI) for Bitcoin futures contracts alone on Deribit stands at $300 million, which could provide an opportunity for a decentralized platform to capture some market share.
The decentralized finance (DeFi) sector has seen impressive growth since 2020 as the total value locked across the different protocols rose above $150 billion at its peak. However, many believe that offering options, futures, and other derivatives failed to gain mainstream adoption.
In that sense, the ADA whale said:
Besides bonds, derivatives are another area where Cardano DeFi will shine Haven’t seen this flexibility elsewhere: Issue put or call options for a token x expiry x strike combination, then straight to the secondary market.
In addition, the ADA whale mentioned Dex Hunter, Genius Yield, Orcfax Oracle, Derp Birds, Linkage Finance, and others. These projects are working on providing the Cardano ecosystem with ways for users to trade Non-Fungible Toke
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Author: Reynaldo Marquez
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