Cardano
Drone Industry: One of the Fastest-Growing Industries in the World
Most dangerous and high-paying jobs within the commercial sector are ripe for displacement by drone technology
The drone industry is one of the fastest-growing industries in the world today. With technologies making strides with each passing day, it would be an impossible task to keep track of all upgrades available. Unless flying drones is your main occupation, it will be a challenge, to put it mildly. Unmanned aerial vehicle technology covers everything from the aerodynamics of the drone, and materials in the manufacture of the physical UAV, to the circuit boards, chipset, and software, which are the brains of the drone.
With the rising accessibility of drones, many of the most dangerous and high-paying jobs within the commercial sector are ripe for displacement by drone technology. The use cases for safe, cost-effective solutions range from data collection to delivery. And as autonomy and collision-avoidance technologies improve, so too will drones’ ability to perform increasingly complex tasks.
The emerging global market for business services using drones is valued at over US$127 billion, according to PwC. And as more corporations look to capitalize on these commercial opportunities, investment in the drone space has grown.
Over the past few years, drones have become central to the functions of various businesses and governmental organizations and have managed to pierce through areas where certain industries were either stagnant or lagging. From quick deliveries at rush hour to scanning an unreachable military base, drones are proving to be extremely beneficial in places where a man cannot reach or is unable to perform in a timely and efficient manner.
Increasing work efficiency and productivity, decreasing workload and production costs, improving accuracy, refining service, and customer relations, and resolving security issues on a vast scale are a few of the top uses drones offer industries globally. The adoption of drone technology across industries leaped from the fad stage to the mega-trend stage fairly quickly as more and more businesses started to realize its potential, scope, and scale of global reach.
Major companies like Amazon, UPS, and DHL are in favor of drone delivery. Drones could save a lot of manpower and shift unnecessary road traffic to the sky. Besides, they can be used over smaller distances to deliver small packages, food, letters, medicines, beverages, and the like.
Drones provide quick means, after a natural or man-made disaster, to gather information and navigate debris and rubble to look for injured victims. Its high-definition cameras, sensors, and radars give rescue teams access to a higher field of view, saving the need to spend resources on manned helicopters. Where larger aerial vehicles would prove perilous or inefficient; drones, thanks to their small size, can provide a close-up view of areas.
Today, drones are used in construction, photography, agriculture, defense, and other industries to protect the skies, repopulate forests and accomplish much more on a huge scale. Drone technology is only as powerful as the teams who create it, and with the innovation put on display by these drone companies, it’s clear the future for drones is sky-high.
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Original Source: https://www.analyticsinsight.net/drone-industry-one-of-the-fastest-growing-industries…
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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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