Cardano’s decentralized finance (DeFi) space is reaching new milestones at a very rapid pace. Per data from Defillama, the total value locked in Cardano’s DeFi ecosystem has crossed $400 million.
Cardano’s DeFi TVL is being spurred on by Minswap
A look at the DeFi data aggregator shows that the total value locked on all DeFi platforms in the Cardano ecosystem now stands at over $402 million, after increasing by 6% on the day.
Minswap, a community-focused automatic market maker decentralized exchange which launched this month, has been the major driving force of the latest surge. Minswap’s TVL has increased 117% in the last week and now sits at over $193 million.
The DEX now has a 48.24% dominance among others, surpassing SundaeSwap, the previous leader, in just 10 days after its launch. Minswap’s success has marked an overall more than double increase in one month for the TVL of the Cardano DeFi ecosystem. Cardano’s TVL was around $133 million at the start of March.
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We współpracy z: https://coingape.com/cardano-ada-tlv-hits-whopping-300-million/
