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Cardano network helping to provide decentralized computing power as well as some other key updates within the cardano ecosystem foreign Ation welcome to DAP Central my name is Fareed and in today’s video I want to talk to you guys about the latest developments within the cardano network first things first we’re going to kick things off with a brief review of the cardano development report now this is Going to be a weekly report developed and released by iog highlighting some of the key features and developments that have been completed over the last week second we’re going to jump into the new net Alpha which has just been released on the pre-prod testnet and exactly how You guys can go ahead and get access to this platform that has just launched now in closing of this video I want to touch on iagon and the brand new multi-sender feature which is officially live on the mainnet if you’re not familiar with this this is going to allow for multiple Um coins or transactions to be sent all in one go and then following that I want to touch on liquid which has recently had an ADA handle integration for increased transparency and then I want to talk about some activity that we’ve seen within the male Diamond hand collection and exactly who could be Behind all of the recent purchases that said let’s go and jump straight into today’s first topic which is going to be surrounding the weekly development report now as it states here we now have 126 projects launched on cardano followed by 1200 Builders over 8 million native tokens 72 000 token policies over 7 800 polluted scripts or smart contracts with a total of 65 million transactions in terms of plutus V2 scripts between this week and last week we have an adoption of about 20 new plutus V2 scripts coming online taking advantage of the fossil hard Fork updates looking at the left hand side There in terms of key highlights there’s ongoing work on the Conway Ledger era as well as new features being added to Daedalus and the lace desktop wallet now lace is going to be a light wallet whereas the Daedalus wallet is going to be a full node wallet in closing there They’ve now opened the application for Global Community leaders and groups to run their own Voltaire workshops now on the note of Voltaire we recently had an SPO call that actually took place earlier today where we saw the cardano foundation begin to roll out some of their testing and guidance surrounding On-chain voting for spos or stake pool operators so stay tuned for that I’ll maybe keeping you guys posted there as to what exactly we’re going to be challenged or tasked to do with but we will we will begin to see on-chain voting coming online very very soon The next thing I want to touch on is going to be cardano’s tvl now tvl stands for total value locked if you’re not familiar and over the course of the last few months you’ve seen a rotation from the cnft space over into D5 coming in at number one we’ve got the Min swap Protocol now over the course of the past seven to even one month the tvl has gone down over the past I want to say two to three weeks they’ve seen a slight decline whereas it was previously at about 60 million Ada and that has now dropped Down to about 51 or 52 million Ada in terms of TDL now while that does seem like a big loss keep in mind that they do still have a dominance of over 33 percent so they’re quite well ahead when it comes to their dominance in terms of Tvl at number two we’ve got the Indigo protocol which is going to be a collateralized deposition platform or D5 protocol on the network this protocol lawsuit of mint ibtc ieath and iusd now these are all going to be synthetic representations of these assets given the fact that they’re not native to Cardano in terms of TDL they continue to rise with a one month increase of 13 a seven day increase of 2 percent and a one day decrease of a little bit over a half of a percent now when we look looking at the big picture here this Protocol has done a really good job of continuing to climb the ranks and basically catch up and overtake the wing Rider’s decks coming in at number three we’ve got the wing Riders decks which is going to be an amm style protocol being built on cardano over the last month They’ve increased one percent over the last seven days they’ve increased seven percent and then over the last one day they’ve increased five percent so they’re all green here in all three categories now they have a tvl of about 18 million taking a closer look at number four number five before wrap up This particular segment we’ve got liquid coming in with a tvl of 16 million so they are right on the heels of the wing Riders protocol now they’re going to be one of the biggest gainers here over the course of the last month having gained over 84 in terms of the last seven days They’ve gained over 14 and then over the last day they’ve actually lost a little bit over two percent but again looking at the big picture 84 is quite a huge amount to be gaining in terms of TDL when they initially launched they were somewhere around seven million dollars And that has grown and doubled to a little bit over 16 million now coming in at number five before we wrap up this particular segment we’ve got the jet protocol if you guys are not familiar with Jed they’re going to be a stable coin which launched on cardano at The beginning of February in terms of tvl they are right behind the liquid protocol with 15 million dollars currently locked and so there’s really only about a 250 000 difference between the tvl injet versus liquid so you could potentially see jet flip liquid if they don’t continue to add more tvl or Liquidity to their protocol over the last month the jet TDL has grown a little bit over 11 over the last seven days five percent and then over the last day it has lost a little bit under a half of a percent so we’re looking really strong here we’re continuing to See green across the majority of these protocols and the really biggest one that has lost here has just been mint swap but again they do hold the majority of the tvl if I scroll back up here in terms of the aid evaluation we’re now sitting at over 300 62 million Ada Tokens currently locked into the ecosystem if we translate that over into US dollars that’s currently at about 155 million dollars which puts us back at around the same exact tvl value that we saw around the May timeline in 2022 so we’re looking pretty positive and pretty Solid there in terms of TDL now that is going to take us through the very first bits of news here surrounding cardano and the recent developments in the ecosystem next I want to talk to you guys about a brand new Alpha which has just been released by the new net Protocol which is going to be a platform providing globally distributed computing power all across the ecosystem so let me go ahead and share my screen here with you guys and as it’s each year the new net public Alpha has officially been released so it states Nuna is excited to share that we Will launch our test net on Friday April 28th we have created this blog to provide some clarity on the functionalities of the testnet public Alpha with our decentralized machine learning use case now what I want to touch on is going to be some of the key highlights here and Before we actually do that I want to show you guys a picture of the dashboard for the new net protocol so I mentioned before that newnet including cogito which is a protocol that I covered on in my prior Cardona scoop updates are going to be two protocols which are currently Existing inside of the agix or the singularity net ecosystem now if you’re not familiar with agix or Singularity net they’re going to be a AI Marketplace providing machine learning tools and a decentralized machine learning ecosystem over the course of the next few weeks I will be providing more coverage on the Agix marketplace now jumping back into the new net stats dashboard that we’re viewing here let me get myself out of the way I want to briefly touch on exactly what we’re looking at so this is going to be a dashboard for I believe a person actually running the New net protocol now as a new net protocol user there’s going to be two different roles which I’m going to touch on here in just a minute the first rule is going to be a service provider while the second role is going to be a compute provider so I believe That this is going to be a compute provider’s dashboard here but again I’ll have to double check but either way at the top left hand corner we can see the total process is currently being run or the total number of processes excuse me whereas we can see the total number of Processes being run right next to that with the total number of successful processes that have been run so far now to the right of that we can actually see how much of the ntx token has been paid out to this particular compute provider keep in mind that if you’re going to be A part of the new net protocol or the new net Network you’ll be getting paid out directly in the ntx token which is going to be the new net governance token for the protocol we can then quickly also see the available number of Provider devices which right now in the Screenshot sits at about 243 and then we’ve got some updates here or some stats here surrounding the CPU the ram the net work and the time that it’s taking for all of these different platforms or globally distributed devices to communicate to the right of that we can see exactly How much CPU is available versus how much is used how much RAM is available versus versus how much is used and then the very same thing for the network and the time so now that we’ve kind of got a better understanding of some of the key aspects here contained within the new Net dashboard I want to break down some of the recent articles surrounding their test net so this is going to be on their official medium page here and this was an article released by Jennifer Bork so what I want to touch on is going to be exactly what people can expect in Terms of the rollout of the alpha on the test net the mainnet and then we’re going to touch on their beta as well so it states Nuna is excited to announce that on April 28th at 1 pm UTC newnet will release their public Alpha test net to the community Now they’re going to be launching multiple testing campaigns to test individual components with their community and they’ll be rewarding testers for their participation so this does look like it’s going to be an incentivized test net and if you’re looking to earn the new net tokens on The mainnet you can go ahead and get set up either as a service provider or a compute provider which I’m going to break down the differences between those two roles here in just a minute in regards to the new net test net launch we have the following so their primary Focus is going to be to secure or to provide a secure and robust platform which they plan on reaching with the help of the community and their Auditors specifically with this testnet release they aim on building their documentation site and developing their tools pipeline in order to enable Community testers to Contribute the most that they can to the public Alpha on the mainnet so right now they’re on the test net and they’re going to be following up here with their Alpha on the main net if I blow this up here we’re going to take a closer look To see exactly how they plan on doing this so again let me get myself out of the way and right now we’re at the top left hand corner here we just had the public Alpha test net and this states that this is going to be the earliest Stage of testing where the software is still in its development stage and has limited functionality now in terms of the community involvement they’re going to be looking for age limited number of community members to be involved in providing testing and feedback after that they’re going to be launching on the public Alpha mainnet and again this is going to be a stage of testing where the software is mostly functional and is released to a larger audience for further testing and feedback now keep in mind that once they launch on the public Alpha mainnet you will be able to earn the ntx token By being either a service provider or a compute provider now following the public Alpha mainnet they’re going to be focusing on the public Beta And so this is going to be a stage of testing where the software is considered close to final but may still have some minor bugs Or other pending improvements or issues that need to be addressed now in closing I want to touch on the final release so the final release is going to be the final version of the software that is considered stable and ready for widespread use again if you guys are Looking to get access to this platform you can head over to their official website which I will leave a link to down in the description so if I jump back out here we’ve already touched on their scheduling and exactly what we can expect I want to touch on exactly what a Service provider is versus a compute provider so it states here in newnet this term service provider refers to an individual or group that wants to provision compute jobs on new Nets decentralized Community Hardware it can be an application application developer or an independent use case developer which provides access To the global public or the general public to use its services that uses newnet as an infrastructure to support its compute requirements now right below that we’ve got the compute provider which is going to refer to an individual who has onboarded their device on the new net platform in order to provide its Computing Services or computing power so I think more people will fall within the compute provider section here whereas bigger groups or maybe more technical folks May set up to become a service provider therefore kind of lending out all of the compute providers that they manage to certain applications or teams That may need those resources now if you guys want more information surrounding being a service provider as well as a compute provider I will leave the link to their article which was just released down below and that’s going to walk you guys through both of the processes in Terms of setting this up on your windows or Linux machines so that is going to wrap it up there for our first two topics or stories here for today’s card on a scoop first we’ve touched on the cardano weekly development report in the tvl followed By the new net Alpha test net if you guys are enjoying this video so far I would really appreciate it if you guys could tap that like button it helps to get this content out to other members within the cardano community and it’s also one of the easiest ways here to Support the channel additionally I am a single stake pool operator operating the official dap Central stick pool and if you guys want to support me here on my mission to educate the barter Cardinal Community then consider delegating with the stake pool ticker dapp the next Story I want to jump into is going to be surrounding iagon and a brand new feature which they just released on the mainnet now this is going to be none other than their multi-sender app and so as we can see here from their official Twitter the iagon multi-sender DAP has Officially arrived on the cardano main net the first bulk sender on cardano with wallet connections is now live you can use this platform to send up to 30 different addresses at once and this is going to support the Ada or cardano governance token as well as the iagon Token which is going to be the governance token for the iagon protocol if you’re not familiar with iogon they’re going to be a decentralized storage protocol kind of operating in a similar space as we just saw with newnet however instead of providing your computing power with iagon you’re going To be providing your Computing storage so if you’ve got a physical device or Hardware device that has storage that is available you can either lend that out or if you’re providing or if you’re looking excuse me to use storage you can use the igon protocol to basically pay For cheaper storage than you would with bigger names like Amazon or Google now I walk through this process already before but if you guys head over to their official website it’s a pretty simple process where you can basically connect your wallet to their dap once you connect your wallet to the DAP all You need to do then is go ahead and actually select what token you want to send and then you can actually upload a CSV file which will actually allow for you to dictate what addresses you want to send your funds to so let me go ahead and connect my wallet here And it’s going to take me straight into their application and then we’ve got the multi-sender DAP here now once the actual dap is loaded as you guys can see here you can select what token you want to send right now they support iagon and Ada which as I mentioned before is going To be their governance token and then obviously 8 is going to be one of the most traded tokens here within the ecosystem given that it’s the governing token for the actual Network now after that you can manually enter using a CSV format or a comma delimited Format the address that you want to send your tokens to again keep in mind that there’s going to be a maximum total amount of 30 different addresses but alternatively if you don’t want to manually type them in and you’ve already got them stored in a CSV file you can Use this upload option here which will allow for you to upload a file from your desktop once you do that you click on continue confirm the transaction and then you can actually go ahead and send all of the different assets that you selected here or the assets you selected Here to the 30 different addresses that is going to do it there for that particular update surrounding iagon we’re now coming to the second to last update here that I want to cover which is going to be surrounding the liquid protocol Now liquid as we just saw there Is going to be number four I believe in terms of tvl and cardano right now and they launched as well in early February so they’re kind of getting um their feet under themselves and they’ve been doing a pretty good job here of being transparent in terms of updates with the community now we’ve Also seen the first two sets of rewards go out we saw the first set of rewards which was for February and then we saw the second set of rewards go out for March if you’re providing liquidity to the lq protocol or if you’re borrowing liquidity from the protocol so either Way you slice it as long as you’re interacting with the lq platform you will be earning Rewards now what I want to touch on here is going to be the fact that as a part of increasing transparency and visibility with the Cardinal Community they’re now going to Be utilizing Ada handles for each of their lq token allocations now it’s going to be my personal ticker that I think that this is going to be the norm moving forward we’re going to see more protocols really rolling out the integration of ADA handles now I’m going to actually be following up here With a second video touching on the fact that the Ada handle team has just updated the roadmap as well if you’re not familiar with Ada handles they’re going to be a nft powered naming solution being built on cardano that simplifies the process of sending and receiving Ada as well as any other tokens So it says here the lq token allocations will each receive a unique Ada handle this is going to be part of our ongoing effort to increase the transparency of the protocol we’ll also be releasing apis for tracking the circulating Supply in the near future so as an example here And I’m going to jump over to another tab just to kind of show you guys we have the liquid Dow treasury which is now going to be utilizing the liquid.treasury Ada handle and they’ve got the address listed down below if we scroll down here we can see the lq token Allocation which you would expect to see Within These wallets so as an example we’re going to take a look at the Dow treasury here which is going to be liquid.treasury which should have 16 percent of the supply or about 3.36 million of the lq token so if I jump Over to pool PM which you guys can access by literally going to pool.pm you can quickly search using Ada handles and so I’ve typed in dollar sign liquid.treasury and we can confirm here that they do currently hold 3.36 million as we would expect within this particular wallet so a huge step here When it comes to transparency and again I’m hoping to see this being adopted by multiple protocols in the near future now the very last story I want to touch on is going to be the meld protocol now meld has recently seen some increased activity when it comes to Their Diamond hand nft if you guys are not aware melda’s going to be launching on the Avalanche subnet as their own L1 and they’re also going to be launching their own meld app over the course of the next week specifically on May 3rd if I jump into Jpeg.store I just want to kind of break down the two nfts that we’re expecting for the meld platform so the first which is already available is going to be the diamond hand nft which will provide users with early access to the crypto to Fiat portion of the protocol and so if You’re not familiar with that meld’s goal is to provide the people the ability to basically take out Fiat loans using their crypto as collateral so once that rolls out which should hopefully be as a part of either Q3 or Q4 of this year the diamond hand holders will get early Access to that platform and they’re also going to get Fearless banking when it comes to the um meld and debit card so they’re not gonna have to pay any fees when using the meld debit card in closing the multi-mass reserve their rights to add additional utility for This particular nft and there’s going to be a fully dedicated article which I’ll leave a link to down below that you guys can go ahead and check out if you guys want to find out more about the utility of the diamond hand nft now the second Nft collection is going to be the bank managers which we’re currently expecting to launch with in the next few weeks so stay tuned on that I’m gonna have a fully dedicated video breaking that down as well once that is released in collaboration with the freeloaders team for their minting and claiming portal Now the actual update that I want to share here with you guys is gonna be the fact that we have now seen some increased activity here when it comes to the diamond hand collection so right now the floor price currently sits at about 988 but earlier today it’s set at about 880 so almost a 280 increase and if we scroll down just a little bit here what you’re going to notice is that we now have an address that has literally swept the floor in the last 15 hours so as you guys can see there the address ending And CMR Q4 has picked up about eight of these Diamond hand nfts and upon doing a little bit more investigation right by just clicking on the address here we can now see that the Ada handle is tied to meld.team so on the heels of the announcement that I just made there Surrounding transparency by the lqteen we’re now seeing a similar adoption of ADA handles by the meld team now if I jump over into pool.pm again and take a look at the exact same wallet holding the meld team um Ada handle we see that they also hold meld Bank melt ecosystem melt incentives Melt ispo melt marketing meld team and meld treasury now they’ve got a few more here which are kind of duplicates of some of the other ones that I’ve already highlighted but again it looks like going to be applying a similar feature that we just seen with the adoption of ADA handles by the llq team we also see that they’ve got quite a bit of the Melt token here in this wallet and they’ve now picked up eight of these melt diamond hint nfts so I’m gonna leave it up to you guys to kind of speculate on Exactly what we can expect here from the Mel team given the fact that they’ve just swept the floors here for the diamond hand nfts they have stated that they will be releasing some interesting announcements here as a part of their keynote speech which will be done by Ken Oling or the founder of the mount protocol at the Avalanche Summit on May 3rd and following that they’re going to be hosting the Melt Nitro party which will be an exclusive party here taking place in Barcelona that is going to do it here for today’s cardano scoop in Which we’ve talked about the weekly cardano development report and the growing tvl within this particular Network as well as the new net Alpha and the igon multi-center damp the liquid Ada handle integration as well as some recent activity here in speculation surrounding the melt diamond hand nfts If you guys found today’s update to be helpful or insightful again I would really appreciate it if you guys could tap that like button it helps to get this content out to members within the cardano community if it’s your first time stumbling by the channel and you want more content just like this Consider subscribing and then if you guys have any questions for me surrounding anything that we’ve touched on today or cardano in general then make sure to leave a comment down below that said and as always I will see you guys in the next video foreign foreign Looking for the latest updates and developments on Cardano? Look no further, Dapp Central has you covered.In this video, we’ll review Cardano’s overall growth and a few highlights in terms of project updates for the month of April so far! If you appreciate this type of content, then make sure to leave a thumbs up and subscribe! Cheers.NuNet – https://www.nunet.io/ MELD – https://www.meld.com/ Liqwid – https://liqwid.finance/ Iagon – https://www.iagon.com/ MELD & GENS Giveway Details – https://youtu.be/MzqbS2R6_fU MELD & GENS March Claim – https://youtu.be/OadcJsWWyBw Dapp Central is an educational channel, aiming to on-board new crypto enthusiasts into the space.The channel covers the latest news, reviews and tutorials surrounding the top projects in Cardano.If that interests you, then make sure to subscribe to stay updated! If you have any questions, then make sure to leave a comment down below.Thank you!👋 💌 Email: [email protected] 🐦Twitter: https://twitter.com/dapp_central 🌐Website: https://www.dappcentral.net/ 🥩Stakepool: https://pool.pm/076c483d263502a49b138614b24820e9ce0f010b6de8b8f62ab87ecd.