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Cardano DeFi Taps Two Month High as ADA Price Surges

Crypto markets are in the green today, and Cardano (ADA) is outperforming its brethren. Decentralized finance (DeFi) on the network is also making a comeback.

Cardano DeFi has reached a two-month high in terms of total value locked. The TVL locked across the Cardano ecosystem has surged 40% since the beginning of this year, according to DeFiLlama.

It has currently reached $90 million, which is the highest level it has been since the beginning of November. The figure is still tiny compared to that of Ethereum or BNB Chain, but it has outpaced them for growth recently.

(By Martin Young)

Cardano Cardano $0.91
+2.88%
Cardano DeFi ADA
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