The Cardano DeFi landscape, criticized in the past for its delayed entry, has witnessed a remarkable uptrend in TVL, reaching $400 million.
Cardano’s native token ADA also experienced a notable 10.01% gain, trading at $0.6448.
In a significant development, the total value of assets locked within decentralized finance (DeFi) protocols on the Cardano blockchain has exceeded $400 million, marking a historic achievement for the platform.
The Cardano DeFi ecosystem has witnessed substantial growth throughout the year, showcasing a remarkable increase in Total Value Locked (TVL) on layer-1 protocols. The TVL metric serves as a gauge for the cumulative value of tokens locked across various protocols built on a blockchain.
Cardano has faced criticism in the past for its delayed entry into the DeFi space, but recent developments indicate a notable surge in momentum. The TVL on the network was a modest $50 million in January. However, the platform has made significant strides, recently establi

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