Cardano’s TVL Skyrockets Over 90% in Three Months amid Steady Growth

Cardano's TVL Skyrockets Over 90%

Cardano’s total value locked has surged to an all-time high of $207.67 million, a 98.56% increase in three months amid a robust network expansion.

The analytics firm DeFi Llama’s report shows that the network has recorded over $50 million jumps in staked value in 10 days, while that of March 6 topped more than $150 million. 

The platform’s decentralized exchange SundaeSwap has $112.71 million, equivalent to 54.28% of the total value locked in Cardano. Minswap trails at $93.32 million, while Muesliswap and ADAX Pro have $1.62 million and $14,020, respectively.

The largest proof-of-stake blockchain has remained on a steady increase from the close of January 2022 after a significant drop.

ADA is currently trading at $0.81, a 4.94% decrease in the past week. The token is projected to trade at $1.5 by the close of the month.

Source: DeFi Llama

Leave a Reply

Your email address will not be published.

Related Posts