Logo
Cardano Ecosystem

Usethebitcoin

01/10/2023

·

510 views


Cardano's DeFi Caught With Remarkable TVL Growth Since The Start Of The Year | UseTheBitcoin

Cardano‘s decentralized finance (DeFi) ecosystem has been on a roll this year, with the total value of assets locked (TVL) seeing a remarkable increase since the start of the year. The DeFi projects on...

Cardano's DeFi Caught With Remarkable TVL Growth Since The Start Of The Year | UseTheBitcoin

Cardano‘s decentralized finance (DeFi) ecosystem has been on a roll this year, with the total value of assets locked (TVL) seeing a remarkable increase since the start of the year. The DeFi projects on Cardano have also been thriving, with many of them experiencing double-digit gains over the past week.

Cardano DeFi TVL Has Seen A Remarkable Increase Since The Start Of This Year

According to Defillama, the total value of assets locked (TVL) in Cardano’s decentralized finance (DeFi) ecosystem experienced a 4.56% increase over the past 24 hours, reaching a total of $64.85 million.

The TVL in Cardano’s decentralized finance (DeFi) ecosystem has reached a two-month high and has seen a remarkable increase since the start of this year. TVL, or the total value of assets locked, refers to the total value of cryptocurrency or other digital assets that have been “locked up” in a smart contract or other types of blockchain-based system. 

TVL is a measure of the size and activity of a particular blockchain-based system, and it can be used to gauge the popularity or adoption of a particular cryptocurrency or other digital assets. For example, a cryptocurrency with a high TVL may be seen as more successful or valuable than one with a lower TVL, as it suggests that more people are using and trusting the system.

Cardano DeFi Projects Experienced  Double-digit Gains Over The Past Week

The top ten Cardano DeFi projects are all experiencing double-digit gains over the past week. Minswap DEX, the leading project,  which accounts for 41.09% of all of the ecosystem’s TVL, has grown by 20.36% over the past week and is currently at $26.64 million.

The Indigo lending platform experienced an increase of more than 35% in collateral over the past week. In addition, WingRiders DEX has seen a 42.41% increase in its total value locked in the past seven days.

Cardano’s native token ADA has moved back up to eighth place in terms of market capitalization charts, after flipping Dogecoin. The price of ADA reached as high as $0.34 and has since retraced to its present level of $0.3158 as of the time of writing this article. The digital currency has shown impressive performance with a 24% growth in the last 7 days.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Usethebitcoin

ORIGINAL SOURCE

https://usethebitcoin.com/cardanos-defi-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Usethebitcoin

See more
How to Start Accepting Crypto Payments in Your Business?
Usethebitcoin
How to Start Accepting Crypto Payments in Your Business?

07/23/2025

·

116 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)