Cardano has flexed its muscles in the latest iteration of inflows coming into the market. Inflows have been steady the past couple of months, currently at 13 consecutive weeks of inflows for the market. Bitcoin and altcoins alike have benefited from the inflows which have indicated institutional interest piquing in the market. However, Cardano looks to have enjoyed the most benefits amongst the altcoins from last week’s inflows. Cardano Leading The Pack Cardano saw positive inflows for last week which put it ahead of other altcoins. Total inflows for the week had come out to $151 million and Cardano inflows totaled $16 million in the same time period. The total year-to-date inflows for the market have now hit a record $9billion. However, the record for the previous year had been broken three weeks back after hitting the $7 billion mark. Related Reading | What Went On In The Secret Meetings Between Cardano Developer IOHK And Zanzibar Officials? Cardano was not the only altcoin that saw positive inflows. According to the CoinShares report, Ethereum had also continued its hot streak of market inflows. Competitor Solana recorded inflows totaling $9.8 million. Likewise, Polkadot and XRP, which saw $5.2 million and $3.1 million of inflows respectively. ADA price struggles at $1.8 | Source: ADAUSD on TradingView.com Ethereum’s inflows saw the digital asset’s total asset under management break a new record. AuM in Ethereum h...
