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- Cardano’s TVL rose by 30% compared to the previous month.
- Currently, ADA is priced at $0.4344.
Cardano, a prominent blockchain network, has experienced a growth in its Total Value Locked (TVL) metrics. The network’s TVL surged by 30% over the last month, highlighting the increasing interest in the network’s DeFi ecosystem. On April 18th, Cardano’s TVL surpassed $168 million.
Cardano TVL (source: DeFiLlama)
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More developers and users are gravitating towards the platform due to the expanding appeal of the DeFi ecosystem on the network. Numerous blockchain projects that have launched their protocols on the Cardano blockchain have already demonstrated significant adoption of the network.
It is anticipated that the network’s TVL will continue to increase as Cardano evolves and matures, attracting additional users and developers to the platform. Furthermore, individuals seeking alternatives to other major blockchain networks may find the network an attractive option due to its innovative application of blockchain technology and commitment to sustainability.
At the time of this report, ADA is trading at $0.4344, reflecting a decrease of 2.12% over the past 24 hours. ADA remains the seventh-largest cryptocurrency in the market.
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