The content and materials on this page are for educational purposes only. Amid the market recovery, Cardano blockchain announces a new partnership with Huawei’s cloud. Aptos price plummets 21% as 25 million locked APT tokens are released.
Meanwhile, Castula Network emerges as the next generation of Web3 DeFi crypto exchange, allowing users to buy, sell, and swap cryptocurrency instantly through its non-custodial crypto application. With over 50,000 supported currency pairs, no need to connect a wallet, and free of custody, Castula Network is projected to set the DeFi space in a frenzy, with expectations of its presale selling out in the coming months. The move may empower developers to create innovative Web3 solutions on Cardano.
Additionally, the partnership may improve the interoperability and scalability of Cardano’s cloud services. As the Cardano community awaits more details and integration of this partnership, there is growing excitement about the potential benefits. The trading volume has had a 210% surge to stand at $1.2B, reflecting the excitement of the partnership.
However, the new development has yet to reflect on the price of Cardano, as it has witnessed a 12% outflow in the last seven days. Analysts believe nothing has changed regarding Cardano coin price action. ADA is precisely where it should be, consolidating in the $0.55-$0.80 range before it breaks out to $1.70.
Aptos crypto released 24.84 million locked-up APT tokens on April 12. Of these tokens, $141 million was distributed to core contributors, $100 million to investors, $38 million to community members, and $16 million to ecosystem development. Leveraging infinite liquidity, users will swap cryptos in a simple, reliable, and fast solution.
Impressively, the platform has over 50,000 supported currency pairs, no need for connecting wallets, and is free of custody. While the DeFi market still needs help with increased scams, complex technology and protocols, and issues with multi-chain compatibility, Castula Network enters the DeFi space to solve these problems, bringing Web3 protocols to the masses. Castula Network will not require KYC or account setup to initiate exchanges or swaps.
As part of the ecosystem, Castula Network will incorporate a portfolio tracker where users can track their wallets, exchange accounts, and other assets, such as stocks. Moreover, users will be updated on market conditions with easily digestible charts and statistics, allowing them to analyze their performance and improve their results. Interestingly, the CNK token will govern the Castula Network ecosystem, starting at an initial offering of $0.1.
Holders of CNK tokens will have access to exclusive offers on services offered in the Castula ecosystem, such as discounts on trading and swapping fees initiated on the decentralized exchange (DEX). Castula Network provides a promising solution to address scalability and security challenges in the DeFi space. Meanwhile, the Cardano ecosystem is excited over its partnership with Huawei Cloud, which offers speed, security, and unparalleled scalability.
Castula Network, on the other hand, is celebrating the launch of its technical whitepaper and is poised to be the best crypto platform and the best DeFi coin to watch in 2024.
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