Cardano Messari Report, Metrics Are Down

Episode Transcript

Speaker 1 (00:00):
The Massari report is in for the Condona ecosystem and
it doesn't look too good. We'll look into the details
of this report and find out exactly what you guys
can do to possibly help the Candona ecosystem thrive just
that little bit better. We also see the price of
eight rising right now as well, and we're looking to
the reasons why that might be happening. All right, let's

(00:21):
get into it, guys. All right, we've got a lot
of details here to go through. But I'm Peter buy
By the way, if you haven't seen this channel before,
make sure that thumbs up like subscribe on your way
in and I'll keep you guys up to date with
everything that's happening in the crypto and kadano space as well.
But let's have a look at this report from Massari.
This is the tweet here that came out, and overall,
this first part here looked quite overall positive. The stable

(00:45):
coin market has gone up by thirty percent, Defied diversity
scores gone up by thirty percent, and the treasury balance
for Caadana's gone up five percent. But if you look
into some of these details, the treasury balance has gone
up because we haven't been using it. We're still locked
in into governance at the moment. The initial stages of
the Kadana governance ecosystem and the outflows of that haven't

(01:07):
been triggered yet, so this treasury balance will go down
at some point in time. The stable cooin market here
at yes, it has definitely gone up, and with USDA
and USDM leading the charge there, it is definitely looking
really good and overall quite positive. We still don't see
USDC or USDT, those native implementations of it anywhere near

(01:30):
the Kadana ecosystem at the moment, and we may not
see it for quite a while until this stable cooin
market is actually built up with USDA and USDM as well,
but we may see that to change very very soon.
Let's have a look at the report in a little
bit more detail, and we'll have a look at the
key insights now, the Kadano constitution. This is that whole
on chain governance side of things. The Kadano blockchain is

(01:52):
now fully decentralized in regards to its governance layer. It's
gone through two additional hard books, the POLM hardfare and
the Chanin hard fork, and those two hard forks have
given the community the ability to now unlock funds from
the treasury. At last look, I think it was one
point seven billion eight in that particular treasury, So it's

(02:13):
a lot of money in there, and the whole ecosystem
is looking at ways that we can spend this through
various proposals that have been put up at the moment,
but we won't see much activity around that for maybe
another month or two as the governance process continues, So
we still got a lot to go through for before
the on chain governance actually starts to kick in. Now,

(02:34):
the circulating supply of aid has decreased by twenty one percent,
and here the fees in USD decrease by twenty eight
percent q on q to one point three million, So
it's gone down quite a bit there and something that's
I think the ecosystem could really push to try and
drive up at the moment. Other factors here, the TVL
decreased by twenty nine percent and the stabcoin market cap

(02:57):
increased by thirty percent. Like I talked about before, now
at this point here I did want to talk about
a bit more of the fees and also the def
TVL overall. Now these two factors here are created by
the users on the ecosystem. We all keep talking about
we need more user adoption, we need more people on chain,

(03:18):
increase that on chain activity, we need more wallets, et cetera,
et cetera. So we need to see that on chain activity.
But you have to ask yourself what have you done
for the chain lately? What have you done for the
chain lately? So, for example, have you participated in defile lately?
Have you tried out staking on a particular platform. Have

(03:39):
you actually interacted with the various apps out there and
done something. Now, I asked this specifically because I know
at the midups that I run. I asked this question
and I don't get any hands raised within the audience.
There's tax implications, there's lack of knowledge, there's risk actors

(04:00):
as well. If you participate in providing liquidy on the decks,
there's a permit loss. There's all sorts of things, and
I totally get that, But there are definitely a lot
of really simple things that you could do and interact
with that do have a benefit for the chain in
regards to increasing the amount of transactions that are on
there and hence increasing the fees that are raised, and

(04:21):
also increasing the amount of TVL because you're interacting with
smart contracts and locking liquidity. So there are a lot
of things that we can do. Now. Please I'm not
a financial advisor. I don't encourage you to invest any
more than you could possibly lose. This stuff is very
risky overall, so please educate yourself and get some financial

(04:43):
advice around it all. But there are definitely staking platforms
that you can do that are very low risk, things
such as just staking your AIDA on a staple. Great,
that's the very first step. But if you ever looked
into the staking rewards for AIDA at the moment, they're
starting to diminish over the years. When I first started
my stakepool four years ago, it was a roughly round

(05:04):
that four percent mark, but now it's round two to
two point two percent, so it's dropped dramatically, and there
are things that you can do at the moment to
actually increase that yield. So you can try boosted staking
on flu tokens or using eighter and so eighter a
little bit confusing there from optum finance. So there's different
platforms that you can use out there that you can

(05:25):
just convert your ad into and then start earning some
extra yield from So it's kind of a really easy
way to get into the DeFi ecosystem at a very
low risk. You also have the option of getting USD
stable coins where it's USDA, us D, m JED, whatever
it might be, and providing liquidity to DEXes in those

(05:48):
stable coins, and because the stable coins, whatever it might be,
are equal value, you don't really need to worry about
im permanent loss as much because one USD is worth
one USD in whatever stable coin you look at as
long as there is liquidity behind that stable coin to
support that price. So there are definitely easy ways that

(06:08):
you can get into the Caddona ecosystem that don't really
put you at a large amount of risk. There's also
thedegga markets, which is a prediction market, and it's a
really easy way to put some aida down into a
smart contract, place a bet on a particular prediction, and
you can possibly earn some extra yield on that. So
there's lots of different options here, and I highly encourage

(06:31):
you guys to check out what is possible within your
level of risk so that you can get some of
these opportunities. Drive up the transactions, drive up the fees
and drive up the TVL for the Caddona ecosystem. So
if you're not doing any of that and you're crying, hey,
we need more users, we need more adoption, but you're

(06:51):
not adopting the chain yourself, I think you need to
think about that for a moment and see what you
can do to participate within the Caddana ecosystem. Now, I
do have a video that I've released just recently. This
is a trading cryptocurrencies on Caadana the Beginner bag Builders,
episode zero zero one. This is a brand new series
that I'm doing. I'm trying to do it on a
weekly basis where I'm looking for opportunities and teaching you

(07:14):
guys how you can get into the Candna ecosystem. So
please check out that video links down below and in
the top right hand corner for you up there, So
do check out that video. It'll try and start you
on your journey into the Candanda DeFi ecosystem. Now, this
other stuff here, this price of Aida. At the moments,
you can definitely see it's leading the charge in regards

(07:36):
to price action and it's definitely pretty exciting. And if
you have a look here. This was the trading pairs.
I think this is from coin market gap, but you
can see what market is actually driving the volume of
purchases for Aida at the moment. And if you look
at the Aida Japanese yen pair here, it's literally ten

(07:59):
percent itself. So you've got the ADA USDT, but that's
that's pretty normal to see it at ten percent, but
Aida Japanese yen is equivalent. It's even more than that,
so ten point seven percent, so it's definitely increasing there.
Now I really do suspect this is pure speculation. I'm
not an economist, so I don't know these things in

(08:19):
great detail. But it's all to do with the Japanese
bond yields here hitting there all time high. Have a
look at this chart here, and you can see visually
from what this chart what's going on here. So the
bond yields, this is the Japanese government debt. They put
out these bonds and people can purchase that debt to
help fund whatever the Japanese government is doing. And the

(08:42):
bond yields at the moment have gone incredibly high, so
I believe there is an easing of the Japanese government
buying these particular bonds, so hence there's less of demand
and there is a lot more a lot more of
the yield boosting up, so that the boosted yield is
supposed to attract investors into the bonds and purchase them,

(09:05):
so the bond yield will actually go down. It's that
type of mechanism to control the purchasing and selling of
these yields. So at the moment it seems like it's
going up quite a lot and is spooking investors, so
they may be very well looking at other opportunities such
as buying into Aida, which Japanese holders are huge fans
of buying into Aida and maybe offsetting their risks there,

(09:30):
so that is pretty interesting. Guys. Let me know what
you think down below in the comments. There's lots of
things happening in the Cadina ecosystem at the moment, but
I'm keeping this update fairly short. Really key important things
here with the Massari updates and the price action because
of the Japanese markets here. Now, if you haven't done
so already, make sure that thumbs up like subscribe notification
bell on your way out, and a big shout out

(09:53):
to all the channel members out there. That little bit
of money that you throw at me to support my
coffee addiction is much appreciated, so you guys are absolutely fantastic.
I'll do a big shout up for you guys next week,
but until then, I'll see in the next video.