According to @ItsDave_ADA, Rosen Bridge has proposed a Cardano (ADA) to Base integration for Cardano Native Tokens (CNTs) in Catalyst Fund 15 with a 200k ADA funding ask, aiming to bridge CNTs and expand market access for traders. According to @ItsDave_ADA and the announcement by RosenBridge_erg, the Base integration states every CNT will be able to bridge to Base, add liquidity on a DEX, and become directly accessible through Coinbase infrastructure, positioning CNTs for improved on-chain liquidity and accessibility. According to RosenBridge_erg, two Fund 15 submissions were made—a Base integration for CNTs and an INK integration for CNTs in Kraken—with proposal listings available on CatalystExplorer for verification and due diligence. Rosen Bridge has sparked significant interest in the cryptocurrency community with its latest proposal for integrating Cardano Native Assets with Base, Ethereum’s layer-2 scaling solution developed by Coinbase.

This development, highlighted by Cardano enthusiast Dave in a recent social media post, proposes a modest 200k ADA funding ask through Project Catalyst’s Fund 15. The integration aims to enable seamless bridging of Cardano Native Tokens (CNTs) to Base, allowing users to add liquidity on decentralized exchanges (DEXs) and access Coinbase’s robust infrastructure directly. From a trading perspective, this proposal represents a strategic opportunity for ADA holders and crypto traders focusing on interoperability plays. Cardano’s native assets, often underutilized due to ecosystem silos, could see increased liquidity if bridged to Base, where trading volumes on DEXs like Uniswap or Aerodrome have been surging.

For instance, recent on-chain metrics show Base’s total value locked (TVL) exceeding $1.5 billion as of early 2024, according to data from DeFiLlama, indicating a vibrant environment for new asset inflows. Traders should monitor ADA’s price action around key support levels near $0.50, as positive community voting in Fund 15 could trigger a bullish breakout. Historical patterns suggest that Cardano announcements tied to interoperability, such as previous Ergo integrations via Rosen Bridge, have led to short-term ADA price spikes of 5-10% within 24 hours of news release. Integrating real-time market sentiment, ADA’s 24-hour trading volume has hovered around $300 million on major exchanges like Binance, providing ample liquidity for swing trades if this proposal gains traction.

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