Welcome to the Cardano Community Digest!
Published by the Cardano Foundation Community Team every two weeks, this Digest will provide you with news, updates and events about the project and ecosystem!
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Focal points of the week
Call for Submissions: Design the Official Cardano Summit 2023 NFT Collection on 'Blockchain for Social Impact
Every year, a community project is chosen to design and distribute the official Cardano Summit NFTs, such as TURF with their cartographic NFTs and NMKR for the Cardano Summit 2022. The Cardano Foundation is inviting all projects and individuals to submit ideas for the Cardano Summit 2023 NFT collection. The topic of this year’s collection will be ‘Blockchain for Social Impact’. Submissions will be accepted until June 30, 2023.
For more information on how to submit your concept, read here.
Recognizing more Global Community CIP-1694 Workshops
Globally, a multitude of CIP-1694 workshops are currently taking place, showcasing the widespread interest and engagement in this important phase of Cardano’s history. To date, an impressive count of 20 registered workshops have been conducted across five continents, accompanied by several unregistered events. Many of these events have enjoyed a unified showing from IOG, EMURGO, the Cardano Foundation in addition to members of the community, coming together to discuss the next steps on our exciting journey towards the Age of Voltaire.
You can find a link to an awesome recap of one such event which was held in Zug, here.
It is worth noting that certain workshops, although not mentioned in the CIP-1694 Community Workshops blog or on the official website, are also being held. Despite their unofficial registration status, it is important to acknowledge their significance within the Cardano community and we’d like to thank all of our amazing community members helping to make them happen and drive forward the conversation and education of this significant next era in Cardano’s history.
From the vibrant LATAM community, numerous workshops have taken place, including those hosted in Buenos Aires, Argentina; Caracas, Venezuela; Ciudad de México and Tlaxcala, México; Bogotá, Colombia; La Cumbre - Rosario and Río Cuarto, Argentina; and Manizales, Colombia.
Additionally, the recent workshops held in Norway by Krypto Labs and in Philadelphia by Cardano Noodz & Calidrew, both showcased yet another remarkable gathering of enthusiasts and experts. Moreover, our amazing community members in Japan also conducted events in Kyoto and Fukuoka, with EMURGO hosting their Tokyo CIP-1694 workshop.
The Cameroon hub (Africa) and Goma Wada hub, 2 (City in the Democratic Republic of the Congo) has also contributed to the knowledge exchange by offering a recap that highlights their unique approach to the CIP-1694 workshop.
All in all, we’ve seen some truly spectacular efforts by our global community to spearhead and drive these initiatives in the name of progress as our ecosystem continues to evolve. We’d like to sincerely thank everyone who continues to support and provide education to their local communities regarding CIP-1694.
We will continue to keep you up to date on the progress of the upcoming workshops.
Join us for the ‘Let’s Talk Cardano’ Webinar on June 29th: Discover the Impact and Future of Cardano!
Join Cardano Foundation CEO Frederik Gregaard for an exclusive “Let’s Talk Cardano” webinar on June 29th to learn about the Cardano Foundation’s mission and its impactful initiatives.
The webinar will explore the highlights of the 2022 Annual Report, partnerships, and future plans, with a particular emphasis on operational resilience, education, and adoption. Attendees will gain an insider’s perspective on the upcoming Cardano Summit 2023 and discover the exciting developments within the Cardano ecosystem.
The event will also focus on Cardano’s pivotal role in driving sustainability, equity, and social impact. Prominent leaders from the ecosystem will present and engage in lively discussions on environmentally conscious use cases, social impact projects, and innovative governance models.
Register now to participate in interactive Q&A sessions.
Developer Spotlight: Mandala Metaverse
The majority of stories being told today do not contribute to a constructive global culture or a sustainable future. Social media can be harmful, video games can be aggressive, and TV shows can dumb us down. Mandala seeks to remedy this!
In the interview that follows, the team at Mandala Metaverse describes how they hope to foster a healthy global culture and imagine a sustainable future by presenting a fresh story that rejects the harmful impacts of the mainstream media. Their multiverse integrates several aspects of different mythologies and encourages active participation and positive change. Mandala aims to widen people’s perspectives and spark a cultural revolution using already-existing distribution channels at a crucial juncture in human enjoyment. Read the full interview here.
Other Cardano Related News
- Announcing Cohort 2 of the Blockchain Education Alpha Program
- The Cardano node upgrade 8.1.1 was released last week. This update improves node performance at the epoch boundary and corrects previous concerns with P2P/DNS.
- Indonesia’s Markets Regulator Declares Cardano (ADA) a Commodity
- Summon is now allowing for multichain swaps of ADA & ERG.
- Here is a video recap of the Buenos Aires CIP 1694 Workshop
- Let’s Talk Cardano: NFTs for World Refugee Day
- After months of prep & recalibration, Cardano’s Project Catalyst Fund 10 kicked off last week with amazing launch party.
- The European Commission has dismissed criticism from the blockchain community regarding the Data Act proposal, while in the UK, the Financial Services and Markets Bill has been approved by the House of Lords. Binance and Coinbase are continuing to face issues relating to the SEC’s actions against them, while Asia has emerged as a likely future hub for crypto companies amid increasing regulatory scrutiny in the US. The Cardano Foundation’s charitable endeavours were highlighted once again this week, as was the role played by the Foundation in the World Token Summit in Dubai.
Cardano Reddit Top 10 Most Engaged Topics
Below are the most engaging topics on Reddit
- Cardano doesn’t care if ADA is a security
- “How fast would you like us to move? Like at LUNA speed?”
- Cardano (ADA) Sees Remarkable Growth in U.S. Adoption Despite Regulatory Headwinds
- New to Cardano!
- Cardano’s TVL outperforms other SC platforms
- Which Cardano project has so far delivered on what they promised?
- Analytics underestimate the power of the Cardano community
- What Cardano projects do you think can enter Crypto’s Top 100 by 2025?
- Has Charles Addresses the SEC’s allegations?
- Whoever had the Cardano flag at Bonnaroo
Cardano Forum Top 10 Top Referred Topics
Topics that have received the most clicks from external sources. (last 10 Days)
Topic Clicks
最近報告多数：SNSなりすましにご注意ください:rotating_light:Recently held Meetups
Other meetups around the world:
- 22 May 2023 - CIP - 1694 Buenos Aires. More Info
- 26 May 2023 - DRMZteam Cardano Meetups - Road to NFTxLV! w/ Adam Dean. More Info
- 26 May 2023 - Empowering the Cardano Community in Africa: A Summary of the 26th May Catalyst Africa Town Hall. More Info
- 27 May 2023 - Our Latest Cardano Meetup in Ghana. More Info
- 28 May 2023 - Cardano MENA Community Digest #1 More Info
- 31 May 2023 - Pacific Town Hall - May 31, 2023. More Info
- 9 June 2023 - Empowering the Cardano Community in Africa: A Summary of the 9th June Catalyst Africa Town Hall. More Info
- 18 June 2023 - Ghana: Cardano Campus Meetup Edition 4. More Info
- 24 June 2023 - Casual Cardano Community Meet-Up in Berlin More Info
Recently held Ambassador Calls
- 17 May 2023 Monthly Ambassador Call
- 5 June 2023 Open Translator Call
- 7 June 2023 Open Meetup Organizer Call
- 7 June 2023 Open Content Creator Call
- 15 June 2023 Monthly Ambassador Call
- 21 June 2023 Open Moderator Call
Bi-weekly CIP editor Meeting on Discord
Are you interested in attending CIP editor meetings? Join the Discord channel to learn more about this interesting community where ideas and recommended changes are all discussed.
What happened in CIPs last week? (by @RyanW)
- no new proposals!
CIP editors meeting 68 – my notes (see agenda):
Triage
-
CIP-0086 | Remove metadata update transaction restrictions (CIP update)
- Comments from authors and implementers has reached an approving conclusion.
- Can move to Last Check for next meeting.
-
CIP-??? | Integration of keccak256 into Plutus
- Sensible motivation.
- Needs to be changed to latest CIP template and more detail added - follow lead of CIP-49.
- @Inigo present to discuss what is needed (thanks) and agreed to coordinate further with author.
Review
-
CIP-0095? | Cardano dApp-Wallet Web Bridge Governance Extension
- Author (Me ) present to discuss.
- I discussed changes made as a result of recent comments.
- This proposal is still a WIP and author will continue to seek further reviews.
-
CIP-0067 | add ADA Handles Virtual SubHandle (CIP update)
- CIP-67 author present to discuss.
- Discussions with author will continue, they will coordinate.
- CIP-0030 | Add chain id to differentiate between testnets (CIP update)
- CIP-0030 | Adding optional networkId parameter to .enable (CIP update)
-
CIP-0030 | deprecate signTx & add chain signing (CIP update)
- These proposals were all discussed together.
- Since these are older proposals, editors to confirm the author’s interest in pursuing further.
- Suggestion to package these proposals together as a CIP-30 extension, to avoid issues around versioning of CIP-30.
-
CIP-0093? | Authenticated Web3 HTTP requests
- Author present to discuss.
- Discussion around CF implementing this and thus this proposals Path to Active.
- Move to Last Check for next meeting.
Bonus!
-
CIP-0096? | On-chain dApp Certification Metadata
- Author present to discuss.
- Comments on github seem well addressed.
- Suggestions made around versioning.
- Can probably be moved to Last Check for next meeting.
Next Meeting:
Weekly CIP updates can be followed here.
Cardano Wiki
Cardano’s TVL outperforms other SC platforms
Cardano is having an Ethereum moment. That is the period when the first applications are deployed on the platform and people start using them. The number of users who bring liquidity with them is growing. Activity is also increasing and this is attracting more new users. The resulting effect is a growing TVL. On Cardano, TVL began to rise significantly in February 2023, back in the bear market. This is very encouraging compared to other SC platforms as TVL is stagnant or declining on them.
TLDR
Cardano is the only one of the leading SC platforms that haven’t gone through a bull market, which is why TVL makes a new ATH every week. Analysts underestimated the power of the Cardano community and the ability of developers to learn the eUTXO accounting model and create secure apps on the Plutus platform.
What did the analysts get wrong?
Many people, including analysts, argued that DeFi on Cardano was late in coming and would not be able to compete with a wide range of other options. The first apps on Cardano only started appearing in early 2022. Their number has slowly grown and there are now several dozen of them.
Analytics were wrong. With every new app launched on Cardano, more and more users come. The number of transactions, volume, and TVL is growing. Especially pleasing is the fact that Cardano is the only SC platform (from the top 20) where TVL is growing significantly.
Cardano’s TVL has been doing a new ATH almost every week since Feb 2023. Currently, 544M ADA (146M USD) is locked in. On Ethereum, Solana, Avalanche, BSC, and Polygon we see declining TVL. On Tron, we see a stagnant trend. On Tezos, TVL is rising, but not as significantly as Cardano.
29M ETH were locked on Ethereum at the ATH in July 2021. Currently, it is only 14M ETH, a 50% drop. Besides other things, this may be due to the ability to stake ETH. People have started using Liquid Staking Tokens (LSDs) in the Ethereum ecosystem.
In the case of Solana, the highest TVL was in June 2022 when 68M SOL coins were locked. Now it is only 16M SOL, a drop of about 75%. For the Avalanche project, we can observe a roughly 65% decrease in locked AVAX coins. It is a very similar story in the case of BSC and Polygon.
In the case of Cardano, we can see growth from 200M ADA to 540M ADA, which is roughly 65% growth just for the period from February 2023 to the present.
During the last bull market, all of the projects mentioned except Cardano had developed (or were developing) the DeFi ecosystem and managed to make ATH. User activity usually peaks around the peak of the bull market (sometimes approximately even a year after) and then starts to decline. As we said, DeFi on Cardano didn’t start developing until 2022, so it didn’t have time to create any ATH.
It is all the more surprising that TVL started growing in a bear market, making Cardano an exception among SC platforms.
It is important to mention that we got the data from the Defillama portal. Defillama only includes 14 applications from the Cardano ecosystem in the data. It is possible that the data is incomplete for other SC platforms as well….
For the full article, visit source:
https://cexplorer.io/article/cardano-s-tvl-outperforms-other-sc-platforms
Spotlight for Community-built Tools
The Developer Portal was created to foster a home for developers who are dedicated to building tools and services on Cardano. The platform allows developers to not only collaborate on projects but also to showcase their works.
The Developer Portal aspires to become a credible source where users can search for tools to fit their needs.
Community projects already running on mainnet are encouraged to add their projects to the Developer Portal.
- potential-robot: A JavaScript API for test-driven development with Helios.
- BALANCE: A Cardano Blockchain Research & Analytics Provider.
- Maestro Dapp Platform: Blockchain indexer, APIs and event management system for the Cardano blockchain.
Network insights
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