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Kadena (KDA): Price Updates, Recent Developments, Future Events, Community

Kadena, a project launched by JP Morgan alumni Stuart Popejoy and Will Martino, was one of the best-performing cryptos of 2021. Kadena has launched its decentralized...
Kadena (KDA): Price Updates, Recent Developments, Future Events, Community Kadena (KDA): Price Updates, Recent Developments, Future Events, Community

  • Kadena, a project launched by JP Morgan alumni Stuart Popejoy and Will Martino, was one of the best-performing cryptos of 2021.
  • Kadena has launched its decentralized ecosystem exchange, KDSwap, with access to $KDS, $KDL, and $HYPE.
  • Kadena has some interesting events outlined, including the launch of testnet bridges with Ethereum Virtual Machine and Cosmos.
  • In addition, Kadena will launch a smartphone app and a native NFT standard called Marmalade.

Kadena is a proof-of-work blockchain network created by two former employees of JP Morgan. Stuart Popejoy and Will Martino worked at JP Morgan as leads for the firm’s Blockchain Center for Excellence.

The network claims that it can offer a high level of security to the Bitcoin network. Kadena was one of our best-performing cryptos of 2021, raking in gains of over 7,900% in the year.

Kadena has become an attractive chain, especially to enterprises which look to leverage the high transaction throughput of the network. What successes has Kadena recorded in recent times?

Recent Developments

On May 17, Kadena announced the launch of KDSwap, a decentralized exchange for the ecosystem. At launch, the KDSwap offers a variety of Kadena ecosystem tokens, including $KDS, $KDL, and $HYPE.

Kadena promises to include other tokens with time. KDSwap had a less than ideal launch, with users complaining about numerous bugs in the protocol. The Kadena team has promised to fix these bugs with future updates.

In addition, the KDSwap update will come with new features, including multi-asset staking, and additional trading pairs will be integrated. The upgrade is expected to launch in the coming weeks.

A few weeks ago, Kadena announced the launch of a $100 million grant fund as part of the Kadena Eco initiative. The goal of the project is to offer project developers a complete suite to deploy their solutions on top of the Kadena chain.

Through the program, Kadena hopes to support builders to pioneer new projects that transform the world.

Future Events

After launching the Kadena DEX, the project’s developers have turned to create a mobile application to improve the DEX experience.

Kadena has announced that @XWalletOfficial will launch a smartphone app in June. The app will allow users to sign transactions on their mobile devices, according to the announcement.

The next developments in the roadmap of Kadena could be decisive for the future of the project. In 2022, Kadena hopes to launch a native NFT standard called Marmalade.

Embracing interoperability, Kadena has also outlined plans to launch a testnet to bridge between Kadena and the Ethereum Virtual Machine (EVM) and a bridge between Kadena and Cosmos.

Price Updates

Recovering from the market crash inspired by Terra’s ecosystem collapse, Kadena (KDA) is one of the best performing layer-1 protocols.

Falling to as low as $1.56 at the peak of the market crash on May 13, KDA picked up the pace in the bearish market to recover as high as $3.32 on May 17, when the KDSwap was launched.

The 7D price chart of Kadena (KDA). Source: Tradingview

KDA now trades at $2.61, gaining 3.3% over the last 24 hours. The rally has seen Kadena move up from being the 115th largest cryptocurrency rank 91st. In addition, Kadena now has a market capitalization of $487 million.

On The Flipside

  • Kadena recorded one of its worst launches with the KDSwap. At launch, Users complained of bugs within the protocol that prevented normal trading.
  • Other traders experienced a lack of uniformity in the charts and prices within the KDSwap protocol.

Community

Built by employees of JP Morgan gives the Kadena community so much believe in the project. After Terra’s collapse, a community member, @AlterVibeEgo, wrote;

Another user, @WhiteTigerWest1¸ wrote;

Envisioning the possible gains for Kadena (KDA) in the future, Tommy Famous writes;

Why You Should Care

Kadena attempts to be different from other PoW chains, combining consensus with directed acyclic graph (DAG) principles. Kadena aims to speed the development and adoption of meaningful applications that benefit everyday people worldwide.

Continue reading on DailyCoin

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30-06-2022 20:14:56 (UTC+7)

EUR/USD

1.0410

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EUR/USD

1.0410

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GBP/USD

1.2143

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USD/JPY

136.05

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0.6901

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141.63

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1,719.37

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 EUR/USD1.0410↑ Buy
 GBP/USD1.2143↑ Buy
 USD/JPY136.05↑ Sell
 AUD/USD0.6901↑ Buy
 USD/CAD1.2888↑ Sell
 EUR/JPY141.63Sell
 EUR/CHF0.9957↑ Sell
 Gold1,821.55Neutral
 Silver20.543Sell
 Copper3.7177↑ Buy
 Crude Oil WTI108.89↑ Sell
 Brent Oil111.61↑ Sell
 Natural Gas6.419↑ Buy
 US Coffee C229.60↑ Buy
 Euro Stoxx 503,432.35↑ Buy
 S&P 5003,818.83↑ Buy
 DAX12,686.19↑ Buy
 FTSE 1007,152.00Neutral
 Hang Seng21,859.79Sell
 Small Cap 20001,719.37Neutral
 IBEX 358,024.91Sell
 BASF40.135↑ Buy
 Bayer56.57↑ Buy
 Allianz180.86↑ Buy
 Adidas167.53↑ Buy
 Lufthansa5.423↑ Sell
 Siemens AG97.95Neutral
 Deutsche Bank AG8.239↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
(5/ 5) # 1,764
SJC HCM6,830/ 6,890
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SJC Hanoi6,830/ 6,892
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SJC Danang6,830/ 6,892
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SJC Nhatrang6,830/ 6,892
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SJC Cantho6,830/ 6,892
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Cập nhật 30-06-2022 20:14:58
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ↀ Giá vàng thế giới
$1,822.51+3.450.19%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
ↂ Giá dầu thô thế giới
WTI$107.88+0.470.44%
Brent$111.42+0.480.43%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.105,0023.415,00
EUR23.704,3925.032,07
GBP27.520,9428.694,87
JPY165,73175,46
KRW15,5118,90
Cập nhật lúc 18:51:16 30/06/2022
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