Milestone Week For Cardano: MELD Lending Launched, Daedalus Updated

The Cardano blockchain has undergone massive improvements this week. As of today, the network should have increased data throughput, expanding the Cardano block size by 11% up to 80kB.

On top of this milestone, Cardano’s parent company, IOHK, recently announced the release of a new version of Cardano’s open-source wallet ‘Daedalus.’

OUT NOW: #Daedalus 4.8.0 Mainnet

This Daedalus release integrates the latest version of cardano-wallet, which supports #Cardano node v1.33.0 & brings a significant performance improvement. 1/4 pic.twitter.com/ynSEU9fTNi

— Input Output (@InputOutputHK) February 3, 2022

The updates wallet is said to support Cardano node v1.33.0 and bring significant performance improvements. The Cardano network also hit another significant achievement after it surpassed 3 million wallets this week.

In other positive news, the adoption of the decentralized lending and borrowing protocol is gaining momentum on the Cardano (ADA) blockchain.

Earlier this week, MELD launched its first non-custodial DeFi lending and borrowing protocol based on Cardano smart contracts. The Singapore-based MELD is the first non-custodial DeFi liquidity protocol used for borrowing fiat against crypto collateral, and earning yield on deposits.
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