Cardano sees 13% increase in total value staked due to ecosystem inflows, data shows CardanoADA CardanoCommunity
, Cardano has seen a positive 24-hour change of near 13% in its total value locked .To put it simply, total value locked represents the value of assets that are currently being staked or deposited in a specific protocol.The Cardano network has seen a significant increase in inflows into its ecosystem, resulting in a spike in total value locked . According to DefiLlama, Cardano's TVL presently stands at $272.38 million.
With the inclusion of staked governance tokens in the TVL valuation, Cardano's TVL is much greater and stands at $361.4 million presently. The majority of funds on the network is now concentrated on the MinSwap decentralized platform, with $174.51 million currently locked. Second place is held by the SundaeSwap decentralized finance platform with $108.14 million locked. Meld has $72.44 million in total value locked.
Although the foundation for future Cardano ecosystem growth has been laid, the ADA price has yet to catch up. Cardano has dropped below the $1 barrier, declining after reaching its all-time high. ADA is trading at $0.89, down over 74% from its all-time high of $3.10. If the bulls are ready to smash the next hurdle at $0.95 , ADA may strive for a near-term upside run.
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