The promises made by Cardano in the 2021-2022 period are expected to be realized in 2023.
Expectations from ADA For the Year 2023
Cardano, which came to the market as Ethereum killer, had made some promises to investors in the past by pointing out the year we are in. Foremost among these promises is the arrival of non-synthetic stablecoins. Although this development, which is thought to contribute to Cardano‘s significant growth in DeFi, is not new, it is one of the highest expectations of ADA investors.
ADA Investors are Optimistic
ADA investors are very optimistic about the ‘stablecoin development’, which is one of the biggest problems of several Layer 1 projects that have taken place in the past year, in contrast to what has happened.
There are two stablecoins expected to appear on the network in 2023. The first of these is the USDA, which will be a US dollar-backed asset. The second one is Djed, which was developed together with Coti.
Hydra, the Layer 2 Scalability Solution
Cardano took a big step forward in 2022 with the Vasil hard fork for scalability, which is one of the biggest problems of blockchain technology and the Crypto industry.
Cardano is being prepared for Hydra, a Layer 2 scalability solution. Hydra aims to increase processing speed thanks to low latency and high throughput, without giving up low transfer speeds. This is one of the important developments that ADA investors are waiting for.
Oracles on Cardano
Rounding out the list of expectations is Oracles on the this blockchain. This feature, which connects on-chain and off-chain data, will be provided via Chainlink (LINK).
In 2022, the altcoin market met Cardano’s decentralized oracle Charli3. Unlike previous oracle services, Charli3 serves to remove ADA’s on-net design, flexibility and scaling issues. Oracles, which are expected by Cardano investors and users in 2023, is also among the highly anticipated developments.
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