ADALend Got Listed On CardanoCube.io: Report

The decentralized lending platform ADALend got listed on the CardanoCube.io platform which makes information on the dapps available by providing an overview of the projects built on Cardano. In our latest Cardano ADA news, we are taking a closer look at the new platform.

The listing is preceded by AdaLend’s announcement where they shared the intention of using Plutus Application Backend to continue with the development of the platform. CardanoCube.io is the main resource for information about the Cardano blockchain and they even offer retail customers high-quality and reliable information so they can make their own educated decisions about the products that they buy. ADALend was hitting the shelves as a Cardano essential dapp which has high potential to impact the DeFi market with the launch. ADALend had a busy couple of months with the development and providing more information to the communities about the proejct and what it is set out to accomplish. ADALend has more plans to continue revealing what the developers are working on as more information comes out and allow the community to be a part of the platform as it goes forward with the launch.

The top 5 most visited projects on https://t.co/Bknxe1plk4 in December:

1 – @Pavia_io
2 – @hoskytoken
3 – @SundaeSwap
4 – @MuesliSwapTeam
5 – @CornucopiasGame

Which projects should be in the top 5 in January?

— Cardano Cube (@CardanoCube) January 3, 2022

ADALend is developing a scalable and trustless lending protocol that harbors users within the self-governed environment and the protocol is based on the Cardano blockchain that will enable the lending platform to aggregate protocols that support business models that allow economic support to billions of users. ADALend will bring back the balance of the power between lenders and borrowers so by allowing the use of digital assets as collateral, the use of the platform will be diversified in order to benefit the users.

By leveraging the Cardano blockchain, ADALend will tap into the digital cash management market so by creating a technology that allows anyone to delegate their digital cash and make it available for a loan and it is opening up the potential for blockchain-powered liquidity. Input-Output Hong Kong-listed ADALend on their Cardano list of projects which are considered part of the ecosystem supporting the users with more products and services.

As recently reported, Cardano was founded in 2015 and launched in 2017 as an alternative to Ethereum and it is a proof of stake blockchain which relies on the network validators to process the ADA transactions but also to maintain the network. It is the sixth biggest crypto with a market cap of $51.18 billion at the time of writing.