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Grayscale Smart Contract Platform holds Cardano & Solana significantly

Grayscale Smart Contract Platform holds Cardano & Solana significantly 12

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). 

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


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