Cardano Climbs to Third-Largest Holding in Grayscale Smart Contract Fund

With a 20.2% allocation, Cardano surpasses Hedera, Avalanche, and Sui in the $1.8 million Grayscale Smart Contract Fund.

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Summary

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Terms & Concepts
  • Smart Contract: Self-executing blockchain code that automatically enforces the terms of an agreement.
  • AUM (Assets Under Management): The total market value of assets a financial institution manages on behalf of clients.
  • Net Asset Value (NAV): The value per share of a fund, calculated by dividing total assets minus liabilities by the number of shares.