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Cardano’s Total Value Locked (TVL) in DeFi Exceeds Half a Billion Dollars for the Second Time
Total value locked across Cardano’s decentralized finance (DeFi) projects has once again surpassed $500 million, demonstrating the remarkable growth and adoption of ADA-based applications. As of now, this figure stands at an astonishing half a billion dollars.
As indicated by DeFiLlama, the majority of this massive volume is attributed to Liqwid, Splash, Indigo, and Minswap DeFis, which account for over 70% of the overall total value locked.
In tandem with this remarkable achievement, Cardano’s (ADA) price has been on a tear, surging by nearly 7% within the last 24 hours. At the time of publication, it is being traded at $0.97, and its sights are set firmly on the crucial level of $1.
As a disclaimer, opinions expressed in this article are those of our writers alone and do not represent U.Today’s views. As with any investment, be sure to conduct your own research before making any decisions.
Vladislav Sopov
Source: u.today
