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Cardano ($ADA) TVL Up Over 82% Since Start of 2023 As Cardano DeFi Grows in Popularity

On Thursday (March 16), a popular pseudonymous $ADA whale commented on the growing importance and popularity of Cardano’s DeFi ecosystem.

Yesterday, the prominent Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) tweeted about the rapid growth of Cardano’s TVL (363 million ADA, which is roughly $118.65, as of March 17, according to data from DefiLlama), and he said that for anyone serious about crypto, it would be stupid to ignore Cardano DeFi for “tribalistic reasons.”

He went on to say that “volume may still be low for now, but outside money is now obviously flowing in.”

On the same day, crypto analyst Ali Martinez said that he had recently observed a surge in the volume of large $ADA transactions exceeding $100,000.

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