This is the 12895th most frequent Russian word.
ледовым
"Ice" or "related to ice."
Here, the word 'ледовый' is used as an adjective describing 'дворец', meaning 'ice arena' (lit. 'icy palace').
В Санкт-Петербурге открылся новый ледовый дворец.
A new ice arena has opened in St. Petersburg.
In this sentence, 'ледовый' refers to a 'katok' (rink), describing it as being suitable for use on ice.
Спортсмены демонстрировали свои навыки на ледовом катке.
The athletes showcased their skills on the ice rink.
Here, 'ледовый' modifies 'зал' (hall), indicating a hall appropriate for ice-related activities.