Ex Ethereum Fund (GSCPxE) of Grayscale is currently holding Cardano and Solana at an average of 25% contribution per coin.
Grayscale is a Cryptocurrency asset manager and investment firm. This firm is known to provide crypto investment services through its crypto-backed funds like bitcoin Trust (GBTC) and Ethereum Trust. Grayscale’s Bitcoin and Ethereum funds are highly popular for global investors because of huge decentralized support for these two assets.
On 23 March, a Twitter account Cardians shared details of the smart contract altcoins holdings by the Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE). This smart contract is holding 25.35% Cardano (ADA) and 23.3% Solana (SOL).
.@Grayscale New Fund For Smart Contract Platforms
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Fund's Holdings:
• #Cardano $ADA, 25.35%
• Solana $SOL, 23.30%
• Avalanche $AVAX, 18.43%
• Polkadot $DOT, 15.43%
• Polygon $MATIC, 9.14%
• Algorand $ALGO, 4.32%
• Stellar $XLM, 4.03%This is a huge weight for #CardanoADA pic.twitter.com/wz7I0Ib8fj
— Cardians (@Cardians_) March 23, 2022
So in the list of altcoins holdings of Grayscale except for Ethereum, Cardano is the top crypto asset and after Solana, Polygon, Avax, Polkadot, and XLM like Crypto assets.
This allocation amount of Grayscale toward Cardano is coming just after a recent month’s spike in the inflow of funds and transactions in the Cardano Blockchain network.
Soon DApps Inflow in Cardano blockchain
Right now a total of 7 DApps are running in the Cardano Ecosystem, while 100s of DApps are under the final phase. However, it was slow for Cardano but in reality, it was a failure of the team because they took a long time to introduce smart contract features in the Cardano blockchain.
According to Charles Hoskinson, founder of the Cardano project, the majority of the DApps are waiting for the Vasil Hardfork, which will take place in June of this year.
Last day, Charles admitted that his goal and prediction failed to touch 1000s Dapps in Cardano, which was predicted by himself around 2 years ago.
Read also: Bitcoin is decentralized that why I support: Robert Kiyosaki
Grayscale Smart Contract Platform holds Cardano & Solana significantly
https://bitcoinik.com/grayscale-smart-contract-platform-holds-cardano-solana-significantly/feed/
https://bitcoinik.com/grayscale-smart-contract-platform-holds-cardano-solana-significantly/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges Binance , Coinbase , Kraken and Bitfinex !
Don’t miss a thing, sign up for our newsletter
