Behind the rise, fall, and rise of the TVL on Cardano (ADA)
Cardano (ADA) has been fighting a vicious battle trying to secure its place in the DeFi market in the past few months. The post Behind the rise, fall, and rise of the TVL on Cardano (ADA) appeared first on...
Behind the rise, fall, and rise of the TVL on Cardano (ADA) Andjela Radmilac · 1 hour ago · 4 min read
After a sharp 64% drop from ATH, Cardano has slowly been regaining tens of millions in TVL. We dig deep to find what's behind this recent volatility.
4 min read
Updated: June 1, 2022 at 7:08 am
Cover art/illustration via CryptoSlate
Cardano (ADA) has been fighting a vicious battle trying to secure its place in the DeFi market in the past few months.
Since the coveted Alonzo Hard Fork upgrade in September 2021, the development efforts at IOHK, EMURGO, and the Cardano Foundation had ramped up, culminating at the end of March when the blockchain reached its all-time high in total value locked (TVL).
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