MeowSwap combines proprietary L2 scaling technology in conjunction with our DEX to finally offer the only working trading solution fully running on Cardano.


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MeowSwap

<div id="content"><div><div><div id="primary"><div><div><div>&ndash; Advertisement &ndash;<a target="_blank" href="https://bit.ly/3uvm777" rel="noopener"><img decoding="async" data-lazyloaded="1" data-sizes="auto" data-srcset="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=75&amp;resize=75 75w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=100&amp;resize=100 100w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=150&amp;resize=150 150w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=240&amp;resize=240 240w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=320&amp;resize=320 320w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=500&amp;resize=500 500w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=640&amp;resize=640 640w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=800&amp;resize=800 800w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1024&amp;resize=1024 1024w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1280&amp;resize=1280 1280w, https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png?w=1600&amp;resize=1600 1600w" data-src="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" alt="Follow-Us-On-Google-News" width="728" height="90" src="https://i2.wp.com/thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a>Mutant NFTs topped the ranking with a surge of 2,615%.&nbsp;In recent times, Cardano has recorded outstanding network activities via its decentralized applications (dApps). Cardano-based decentralized applications have recorded a meteoric rise in unique account growth in the past five days.&nbsp;According to data published by Cardano Daily, a Twitter handle that shares updates about Cardano, Mutant NFTs recorded an incredible growth of 2,615% in unique accounts over the past five days. The feat indicates that there has been a growing interest in the Cardano-based non-fungible tokens lately.&nbsp;&ldquo;The top gainer in accounts growth is @MutantNFTs, with 2615% growth. This showed that the collection created such a huge attraction from the public, as well as the Cardano Community,&rdquo; Cardano Daily noted.&nbsp;A total of 9.5K unique accounts were added to Mutant NFTs over the past five days, according to data on the infographic shared by Cardano Daily today.&nbsp;UNIQUE ACCOUNT GROWTH ON CARDANO DAPPS &nbsp; The top gainer in accounts growth is <a target="_blank" href="https://twitter.com/MutantNFTs?ref_src=twsrc%5Etfw" rel="noopener">@MutantNFTs</a>, with 2615% growth. This showed that the collection created such a huge attraction from the public as well as the Cardano Community.&nbsp; &nbsp;<a target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#cardano</a> <a target="_blank" href="https://twitter.com/hashtag/account?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#account</a> <a target="_blank" href="https://twitter.com/hashtag/growth?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#growth</a> <a target="_blank" href="https://t.co/iAuSq9u3gm" rel="noopener">pic.twitter.com/iAuSq9u3gm</a>&mdash; Cardano Daily (@cardano_daily) <a target="_blank" href="https://twitter.com/cardano_daily/status/1599767769175789569?ref_src=twsrc%5Etfw" rel="noopener">December 5, 2022</a>Other Top-Performing dAppsLeading Cardano-based automated smart contract wrapping platform Mashdapp came second on the list, after recording a total of 28 unique accounts, representing 346% growth in the past five days. Third on the list is leading decentralized finance protocol Meowswap, which had a unique account increase of 258%, following an addition of 1.2K accounts.&nbsp;Cardano NFT Yunmi Universe ranked fourth with 3.1K unique accounts registered in the past five days, representing an increase of 129%. The fifth dApp with the most unique accounts on Cardano over the past five days is NFT project ADA Biobs. Per the data, ADA Biobs recorded a spike of 123%, representing 53 unique accounts within this time.&nbsp;Artifct, a Cardano-based NFT project, ranked as the sixth Cardano dApps with the most unique accounts. According to the data, Artifct saw an 87% spike in unique accounts on Cardano dApps over the past five days, leading to a total account increase of 746.&nbsp;Cardano sidechain Milkomeda C1 was ranked as the seventh dApp with the most unique accounts after adding 17.2K unique accounts, representing an 86% spike in the past five days. Commenting on the feat recorded by Milkomeda, Cardano Daily said:&nbsp;UNIQUE ACCOUNT GROWTH ON CARDANO DAPPS &nbsp; One more notable point from the chart is that <a target="_blank" href="https://twitter.com/Milkomeda_com?ref_src=twsrc%5Etfw" rel="noopener">@Milkomeda_com</a> is having the 1st time appearing on this chart. This showed that the demand for transferring assets through Milkomeda C1 is rising day by day. &nbsp;<a target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#cardano</a> <a target="_blank" href="https://twitter.com/hashtag/account?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#account</a> <a target="_blank" href="https://twitter.com/hashtag/growth?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#growth</a>&mdash; Cardano Daily (@cardano_daily) <a target="_blank" href="https://twitter.com/cardano_daily/status/1599767788737921025?ref_src=twsrc%5Etfw" rel="noopener">December 5, 2022</a>Cardano-based NFT marketplace Tokhun came eighth in the ranking, adding 1.2K unique accounts, a 56% growth over the past five days. Indigo Protocol, a DeFi protocol on the Cardano network, was ranked as the ninth dApp with the most unique accounts. Per the data, Indigo Protocol recorded a total of 1.5K unique accounts, representing a 51% surge in the past five days. This comes a week&nbsp;<a target="_blank" href="https://thecryptobasic.com/2022/11/28/cardano-dapps-witness-a-surge-in-unique-account-growth-with-indigo-protocol-leading/#:~:text=Decentralized%20application%20(dApp)%20projects%20on,highest%20increase%20in%20unique%20accounts." rel="noopener">after Indigo Protocol ranked as the top gainer</a>&nbsp;in a similar ranking.&nbsp;Finally, Explosif, an NFT minting platform, ranked 10th in terms of unique account growth on Cardano dApps, with a total of 54.3K unique accounts recorded over the past five days, representing a growth of 46%.&nbsp;&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/12/05/heres-a-list-of-the-top-10-cardano-dapps-with-the-most-unique-accounts/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=heres-a-list-of-the-top-10-cardano-dapps-with-the-most-unique-accounts</div></div><h2>Post navigation</h2></div></div></div></div>

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Here’s A List of the Top 10 Cardano dApps with the Most Unique Accounts

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<a href="https://www.investingcube.com/topic/cardano/">Cardano</a> price pulled back sharply as focus shifted to the upcoming American inflation data. Ada fell to a low of $0.50, which was the lowest level on August 5th. This price was about 8% below the highest point this month. The performance is also in line with that of other cryptocurrencies like Polkadot, Kusama, Cosmos, and Celsius.
<h2 id="h-ada-recovery-stalls">Ada recovery stalls</h2>
Cardano is a leading smart contract platform that developers use to build decentralized applications in key industries like DeFi, metaverse, and non-fungible token (NFT) projects. However, Cardano has a relatively small ecosystem, unlike its key competitors like Polkadot, BNB, and Ethereum. This is simply because Cardano launched its smart contract upgrade in 2021.&nbsp;
Like other cryptocurrencies, Cardano&rsquo;s price has gone through a tough period in the past few months. In this period, it moved from an all-time high of about $3 to a low of $0.402. As a result, its total market cap crashed from over $90 billion to less than $20 billion.
Cardano price has crashed as the total value locked (TVL) in its ecosystem crashed. According to DeFi Llama, Cardano&rsquo;s TVL has crashed to just $93 million from an all-time high of over $393 million. Moreover, its TVL has crashed even as that of its competitors like BNB and Ethereum rebounds.&nbsp;
The main catalyst for the crash is WingRiders, whose TVL has dropped by more than 60% in the past 30 days. In addition, SundaeSwap and MeowSwapFi have seen their TVL have crashed by over 10%.
<h2 id="h-cardano-price-prediction">Cardano price prediction</h2>
The four-hour chart shows that the Ada price has been in a bullish trend in the past few weeks. Unfortunately, this recovery saw the coin rise to the important resistance point at $0.5560. It has now formed a triple-top pattern, which is usually a bearish sign. Also, it has crossed the important 25-day and 50-day moving averages.
Therefore, the coin will likely continue falling as sellers target the next key support level at $0.45, which is about 12% below the current level. A move above the resistance point at $0.5230 will invalidate the bearish view.
<figure><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%201024%20495&#039;%3E%3C/svg%3E" width="1024" height="495" data-lazy-src="https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price-1024x495.png" alt="Cardano price" data-lazy-srcset="https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price-1024x495.png 1024w, https://www.investingcube.com/wp-content/webp-express/webp-images/uploads/2022/08/Cardano-Price-300x145.png.webp 300w, https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price-770x372.png 770w, https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price-1536x742.png 1536w, https://www.investingcube.com/wp-content/webp-express/webp-images/uploads/2022/08/Cardano-Price-293x141.png.webp 293w, https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price-1400x676.png 1400w, https://www.investingcube.com/wp-content/uploads/2022/08/Cardano-Price.png 1814w" data-lazy-sizes=" 1024px) 100vw, 1024px"></figure></div>
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Cardano Price Prediction as ADA Forms a Dangerous Pattern

<div id="content"><div><div><div id="primary"><div><div><div><div>&ndash; Advertisement &ndash;<a rel="nofollow noopener" target="_blank" href="https://bit.ly/3uvm777"><img fifu-featured="1" alt="" title="" width="728" height="90" data-src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a></div>Bitrue wants to boost the decentralization of Cardano v the initiative.Popular cryptocurrency exchange Bitrue has announced a staking initiative that will support Cardano&rsquo;s (ADA) decentralization.The leading exchange noted that it would contribute 1 million ADA, worth around $455,000, to various Cardano staking pools.&nbsp;Bitrue shared a Google Form link where members of the Cardano community can identify some of the top ADA staking pools.&nbsp;Bitrue is helping with the decentralization of <a rel="nofollow noopener" target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> by staking with community stakepools. <a rel="nofollow noopener" target="_blank" href="https://twitter.com/CardanoStiftung?ref_src=twsrc%5Etfw">@CardanoStiftung</a>We&rsquo;ll be contributing 1,000,000 ADA to several of them &#9996;&#65039;Nominate a high quality pool in the replies below, or fill in this form &ndash; <a rel="nofollow noopener" target="_blank" href="https://t.co/RGKMvIH3kl">https://t.co/RGKMvIH3kl</a> <a rel="nofollow noopener" target="_blank" href="https://t.co/Kc0ydSZ14A">pic.twitter.com/Kc0ydSZ14A</a>&mdash; Bitrue (@BitrueOfficial) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/BitrueOfficial/status/1551922790021754880?ref_src=twsrc%5Etfw">July 26, 2022</a>Cardano&rsquo;s Total Value Locked (TVL) Still Looks Good Despite Crypto Price Dip&nbsp;The prices of all major cryptocurrency assets, including Cardano (ADA), have plummeted heavily this week following growing concern over rising inflation. In the last 24 hours alone,&nbsp;<a rel="nofollow noopener" target="_blank" href="https://www.coingecko.com/en/coins/cardano">ADA is down 7.2%</a>. It is noteworthy that the value of the entire crypto market continues to plunge.&nbsp;&nbsp;According to data provided by Cardano Daily on Twitter, the fall in ADA price did not harm the network&rsquo;s Total Value Locked (TVL).&nbsp;Cardano TVL Holding Strong Amid ADA Price Crash&ldquo;The market had been through a tough week when BTC declined as quickly as it rose. However, it seemed not to affect the TVL of @cardano at all,&rdquo; Cardano Daily tweeted.&nbsp;CARDANO TVL STATUS &nbsp; The market had been through a tough week, when BTC declined as quickly as it rose. However, it seemed not to affect the TVL of <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@cardano</a> at all.&nbsp; &nbsp;<a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/tvl?src=hash&amp;ref_src=twsrc%5Etfw">#tvl</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/status?src=hash&amp;ref_src=twsrc%5Etfw">#status</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw">#cardano</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> <a rel="nofollow noopener" target="_blank" href="https://t.co/ebicBivrQs">pic.twitter.com/ebicBivrQs</a>&mdash; Cardano Daily (@cardano_daily) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/cardano_daily/status/1551930682171072512?ref_src=twsrc%5Etfw">July 26, 2022</a>The media outlet also included an image of Cardano&rsquo;s TVL in the last seven days, showing the performance of all protocols on the network in the last seven days.&nbsp;Popular Cardano decentralized exchange&nbsp;<a rel="nofollow noopener" target="_blank" href="https://thecryptobasic.com/2022/06/29/wingriders-becomes-most-valuable-dex-claiming-42-of-tvl-on-cardano-leaving-behind-minswap-and-sundaeswap/">WingRiders still rank as the top protocol</a>&nbsp;with the highest TVL on the blockchain. Per the data, WingRiders volume has surged 1.64% in the last seven days.&nbsp;Miniswap sits second in the ranking, and its TVL has soared 9.66% in the past week. The third decentralized exchange in the ranking is SundaeSwap, which saw its TVL plunge 2.52% in the past seven days.&nbsp;Mueliswap and Lending Pond recorded an increase in their TVL, representing 1.06% and 4.45%, respectively.&nbsp;The total value locked on MeowswapFi is down 13.78%, while FluidTokens&rsquo; TVL spiked 3.94% in the past week. Interestingly, <a rel="nofollow noopener" target="_blank" href="https://thecryptobasic.com/2022/07/14/cardanos-decentralized-lending-protocol-soars-nearly-55000-in-total-value-locked-tvl-in-one-month/">the Cardano protocol that surged the highest in TVL</a>&nbsp;in the last seven days is ADAX Pro. The decentralized exchange saw its TVL soar 121% in the last seven days.&nbsp;The data suggests that funds are still being locked in the ecosystem despite the fall in ADA prices.&nbsp;CARDANO TVL STATUS &nbsp; This can be shown as a good signal that although the money is not attracted to the ecosystem, it is not gonna be withdrawn out of the ecosystem despite the negativity of the market, marking a sustainable TVL.&nbsp; &nbsp;<a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/tvl?src=hash&amp;ref_src=twsrc%5Etfw">#tvl</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/status?src=hash&amp;ref_src=twsrc%5Etfw">#status</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw">#cardano</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a>&mdash; Cardano Daily (@cardano_daily) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/cardano_daily/status/1551930684855488513?ref_src=twsrc%5Etfw">July 26, 2022</a>&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/07/26/leading-cryptocurrency-exchange-bitrue-to-stake-1-million-ada-across-top-cardano-staking-pools/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=leading-cryptocurrency-exchange-bitrue-to-stake-1-million-ada-across-top-cardano-staking-pools</div></div><h2>Post navigation</h2></div></div></div></div>

Leading Cryptocurrency Exchange Bitrue to Stake 1 Million ADA Across Top Cardano Staking Pools  

<img alt="New stats show Cardano on the up despite ‘crypto winter’" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=70&amp;h=37&amp;q=75" data-srcset="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=105&amp;h=55&amp;q=75 1.5x, https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=140&amp;h=74&amp;q=75 2x">New stats show Cardano on the up despite &lsquo;crypto winter&rsquo; Oluwapelumi Adejumo &middot; 19 seconds ago &middot; 2 min read <div> <div> <a href="https://cryptoslate.com/news/cardano/" rel="tag">Cardano</a> &rsaquo; <a href="https://cryptoslate.com/analysis/">Analysis</a> The largely positive metrics have also reflected in the price performance of ADA in the last 2 weeks. The token has risen by 10.8% in the last 14 days and 9.3% in the last seven days.<div><div><div> <a href="https://cryptoslate.com/author/oluwapelumi-adejumo/" title="Oluwapelumi Adejumo Profile"> <img data-del="avatar" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%2080%2080%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/uploads/2022/03/oluwapelumi-adejumo-author-150x150.jpg" height="80" width="80"></a></div><div> 2 min readUpdated: June 2, 2022 at 10:31 pm</div></div></div></div><div> <img alt="New stats show Cardano on the up despite ‘crypto winter’" src="image/svg+xml,%3Csvg%20xmlns=%22http://www.w3.org/2000/svg%22%20viewBox=%220%200%20210%20140%22%3E%3C/svg%3E" data-src="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=600&amp;h=315&amp;q=75" data-srcset="https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=800&amp;h=420&amp;q=75 1.5x, https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/06/cardano-crypto-winter.jpg&amp;w=1200&amp;h=630&amp;q=75 2x"> Cover art/illustration via CryptoSlate</div></div><div><div data-title="New stats show Cardano on the up despite ‘crypto winter’" data-url="https://cryptoslate.com/cardano-tvl-down-more-than-60-over-last-60-days/" data-id="239806"><div><a href="https://cryptoslate.com/jobs/">&#128075; Want to work with us? CryptoSlate is hiring for a handful of positions!</a><a href="https://cryptoslate.com/coins/cardano/">Cardano </a>Foundation has <a href="https://twitter.com/CardanoStiftung/status/1532113892423323648?s=20&amp;t=HqlCFVWOTEQOWtoG6d0Muw">released</a> its monthly wrap-up of on-chain data showing that its on-chain transactions have increased by 7.74% to reach 42.5 million.&#128202;Monthly wrap-up of on-chain data &#128640;<a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#blockchain</a> <a href="https://twitter.com/hashtag/ProjectCatalyst?src=hash&amp;ref_src=twsrc%5Etfw">#ProjectCatalyst</a> <a href="https://t.co/Z49EzDFSaL">pic.twitter.com/Z49EzDFSaL</a>&mdash; Cardano Foundation (@CardanoStiftung) <a href="https://twitter.com/CardanoStiftung/status/1532113892423323648?ref_src=twsrc%5Etfw">June 1, 2022</a>The comprehensive infographics also show that Cardano project catalyst funds have funded 947 proposals. The number of unique wallets holding Cardano has risen to 3.36 million, a slight increase of 1.84%.Additionally, Cardano&rsquo;s number of native tokens has jumped by 8.64% to reach 5.03 million, and there are now 2,761 poured scripts on the network, a 5.47% rise.However, not every number points up for the network. The number of stake pools has reduced by 0.75%, and the percentage of staked ADA is also slightly down by 1.35%.Meanwhile, the largely positive metrics have also been <a href="https://cryptoslate.com/cardano-ada-leads-large-caps-with-31-gains-whats-behind-the-move/">reflected in the price performance</a> of ADA in the last two weeks. The token has risen by 10.8% during the previous 14 days and 9.3% over the last seven days.Also, the network&rsquo;s enthusiasm is at a high as enthusiasts are expecting the Vasil hard fork, which is scheduled for the end of this month. IOHK has promised that this upgrade will help improve the network&rsquo;s smart contract capabilities.<h2>Cardano TVL is down more than 60% over the last 60 days</h2><a href="https://cryptoslate.com/coins/cardano/">Cardano</a> has lost over 60% of assets&rsquo; total value locked (TVL) on its network during the previous two months and roughly 10% over the last 24-hours, according to DeFiLlama <a href="https://defillama.com/chain/Cardano">data</a>.<a href="https://cryptoslate.com/behind-the-rise-fall-and-rise-of-the-tvl-on-cardano-ada/">Cardano&rsquo;s TVL</a> dropped from an all-time high of over $320 million in March to $114.17 million as of May 27. However, that has slightly increased to $134.18 million as of June 2.Several Cardano-based decentralized exchanges have lost a substantial part of their TVL. MinSwap, the leading decentralized exchange (<a href="https://cryptoslate.com/cryptos/dex/">DEX</a>) on Cardano, has lost 35.43% of its TVL in the last 30 days.Others like WingRiders, SundaeSwap, and MeowSwapFi have lost between 33% to 55% of their TVL within the same timeframe. Per the data, the only exception is MuesliSwap, which is up 306% over the 30 days.&nbsp;The overall decline in its TVL means that Cardano is now <a href="https://defillama.com/chains">ranked</a> as the 30th biggest smart contract-enabled blockchain, behind storied rivals like <a href="https://cryptoslate.com/coins/solana/">Solana</a>, <a href="https://cryptoslate.com/coins/avalanche/">Avalanche</a>, and <a href="https://cryptoslate.com/coins/ethereum/">Ethereum</a>.</div></div></div>

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