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Cardano's DeFi Total Value Locked Reaches All-Time High

July 4 (Cointime) - One way to measure the health of a blockchain network is by looking at the state of its Decentralized Finance (DeFi) ecosystem, specifically the Total Value Locked (TVL). Despite some price volatility, Cardano (ADA) has seen a subtle but notable growth in its DeFi TVL, reaching an All-Time High (ATH) of 557.62 million ADA coins locked on associated DApps.

This growth in ADA deposits on DeFi platforms is significant when compared to other Ethereum competitors like Solana, which saw a decrease in its total locked tokens.

Cardano's positive growth can be attributed to its steady developer activity and impressive utility additions, including its robust smart contract platform and NFT ecosystem.

Ethereum Ethereum $3,341.39
+4.86%
Cardano Decentralized Finance ADA
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