Cardano (ADA) is a third-generation blockchain competing with Ethereum (ETH). Cardano's platform aims to serve as a multi-asset ledger using smart contracts. The platform aims to offer a scalability solution to solve the problems blockchains like Ethereum and Bitcoin (BTC) face.
One of the problems the Cardano network is tackling is scalability. Other blockchains can only process a few transactions per second, but Cardano says this can be done differently.
Do you want to know which Cardano Coins are the most popular right now? Then read our Top 10 Cardano Coins of 2023 below.
1. Cardano (ADA)
is a cryptocurrency used for transactions on Cardano's network. Cardano's platform aims to improve smart contracts' efficiency, security and decentralisation. Cardano is a third-generation blockchain and claims that the mechanism behind the platform is the first of its kind, with a security level comparable to Bitcoin.
Cardano's network uses a Proof of Stake mechanism. Cardano's Proof of Stake mechanism makes the platform more sustainable and scalable than other cryptocurrencies. Cardano's environmentally friendly system consumes less energy than the Proof of Work mechanism.
2. Minswap (MIN)
Minswap (MIN) is a decentralised exchange that uses an Automated Market Maker (AMM). Built on Cardano, Minswap offers users an exchange service for a minimal fee. Minswap's exchange is a community-centric DEX, meaning users distribute tokens fairly.
Minswap is responsible for several ideas developed in the Cardano ecosystem, for example, the FISO model. This model is described as the fairest ISO model in the Cardano community.
3. SundaeSwap (SUNDAE)
SundaeSwap (SUNDAE) is a decentralised cryptocurrency exchange built on Cardano's blockchain. The platform is a DEX using Cardano smart contracts.
SundaeSwap is a native and scalable decentralised exchange. The SundaeSwap project also features an automated liquidity provisioning protocol.
4. Empowa (EMP)
Empowa (EMP) is a cryptocurrency aiming to become a significant and impactful real estate developer without actually developing real estate. Empowa enables the construction of affordable and greener homes in Africa through decentralised financing.
With Empowa, you can build a better future portfolio by supporting an actual on-the-ground housing project with a solid foundation.
5. Revuto (REVU)
Revuto (REVU) is a blockchain-based platform aiming to be a complete solution for users' subscriptions. Through Revuto's platform, users can approve, block or defer their payments for any service within seconds.
Through the Revuto platform, users are free from any unwanted charges they may incur due to the inability to close a plan at the due date and time. Using Revuto, users can automate their subscriptions so that even when users forget, subscriptions can be easily managed.
The platform adds even more value through DeFi. These DeFi offers to allow users to benefit from micro-credit, strike and liquidity facilities.
6. MELD (MELD)
MELD (MELD) is the first decentralised non-custodial DeFi bank protocol for borrowing and lending fiat and cryptocurrency. The MELD token is a governance token that allows holders to vote on the development of the protocol. Built on the Cardano blockchain, MELD uses smart contracts to ensure complete transparency and fairness for all parties.
MELD's platform aims to give more than two billion people who need banking services access to tools and solutions built for leveraging cryptocurrency assets. The services offered by MELD's platform to users involve creating cryptocurrency-backed loans, earning an interest fee for lending fiat to borrowers and participating in rewards programmes.
7. ADAX (ADAX)
ADAX (ADAX) is an automated liquidity protocol that enables transactions within the Cardano ecosystem in a fully decentralised manner. It allows users to retain complete control over their tokens and does not require sharing private keys. Orders do not need to be registered, as the protocol operates on a DEX.
8. Ardana (DANA)
Ardana (DANA) is a decentralised stablecoin hub built on Cardano's network. Ardana allows users to create, use and trade stablecoins on the Cardano blockchain. Users can thus use Ardana to create stablecoin linked to the US dollar. Because DANA's platform is built on Cardano's blockchain, it is open and accessible.
Through the DANA tokens, which function as utility and governance tokens, holders have a say in governing the ecosystem. They can earn a share of the fees generated by the platform.
9. CARD.STARTER (CARDS)
CARD.STARTER (CARDS) is a decentralised accelerator and exchange platform that connects Cardano investors and projects with CARD.STARTER community is made up of contributors. When you own CARDS, you get early access and guaranteed allocation to seed rounds and private sales of Cardano projects.
By using CARD.STARTER, developers on the Cardano network will have a way to get early support through the ERC20 network.
10. Cornucopias (COPI)
Cornucopias (COPI) is a blockchain-based Play-To-Earn and Build-To-Earn game in which players own their characters, land and other NFT-based assets that have real value in everyday life. The game is hosted in a fun and growing metaverse.