Red-Hot Crypto Asset That Erupted 1,250% This Year Teams Up With Cardano

A mid-cap crypto asset that is up over 1,250% since the start of the year is now teaming up with smart contract platform Cardano (ADA).

This week, Orion Protocol (ORN) announced on Twitter that it is partnering with research and development outlet Input Output (IOHK) to integrate its services with the Cardano blockchain.

Since January, the Orion token has performed well, rising from a low of $2.16 to a high of $29.25 this March. The project currently has a $346 million valuation and a $1.6 billion fully diluted valuation.

Orion Protocol is an aggregator that will allow crypto users to access liquidity across centralized and decentralized exchanges at once. The project will be the first liquidity aggregator to develop on top of Cardano.

Orion adds that partnering with Cardano will allow the protocol to access “far greater interoperability, scalability, and performance of the protocol and each solution.”

Cardano was recently overtaken by Polkadot (DOT) as the top smart contract Ethereum competitor by market cap. However, it is just roughly $2 billion shy of that second-place spot.

Cardano founder Charles Hoskinson says that the Alonzo testnet, which will bring smart contract capabilities to the sixth-largest crypto asset, may launch as early as this month.

“For the first time ever, publicly, people will be able to write smart contracts and deploy them on Cardano.”

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The post Red-Hot Crypto Asset That Erupted 1,250% This Year Teams Up With Cardano appeared first on The Daily Hodl.