Cardano sees sustained interest in its DeFi sector, and here's the impact
data from DeFiLlama, Cardano has recorded a massive jump in its Total Value Locked . Specifically, the data shows the ADA now locked is pegged at an all-time high of 566.34 million units.Per the chart above, this massive surge has been on a steady rise since the start of the year, echoing the traction picked up by Cardano investors as more functional smart contracts make their way to the protocol.
The growth in Cardano's DeFi TVL shows that that aspect of the protocol is now more bullish than ever. However, the impact is currently not being felt in its price action thus far. At the time of writing, Cardano has jumped by merely 6.24% in the past 24 hours, with the price pegged at $0.2933.
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