During March, Bitcoin fascinated approximately 9 million transactions, settled $650 million billion worth, and generated $700 million worth of miners and it secure the network and it attracted around 13 million new wallet addresses. The demand for transparent, auditable, and decentralized financial services continues to grow, with crypto now being seen as the solution to the issue of the traditional financial system. Add Bitcoin to the monetary base and we will just have a better picture. Half of the solution is understanding a problem and understanding how we should try and frame things to understand what is going on out there. So, this idea of adding Bitcoin which is a little over 5 million to the eight and has a trillion monetary bases was a start. We do have to do the world we live in, and I think we will evolve but it doesn't happen overnight.
One thing a always think is that when these many other blockchains started, the first approach isn't always the last and Ethereum is a perfect example of that how that started Proof of Work and now has insight into Proof of Stake. You might have a beef with Charles Hoskinson, however, if you look at Ouroboros, there are many benefits it brings to the table. The staking mechanism that Cardano has is second to that. You have inherently liquid staking, we have seen it getting integrated into DEXs with liquid pools and all sorts of really great things. Defi is still in its early days, I think what we are seeing with DeFi is disappointing but there are a couple of factors to consider like we are in the bear market. One of the problems you have with incentivizing people to use Cardano Defi is that the rewards are not there for doing it.
The smooth operation of cryptocurrency over the years is something to marvel at.
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