Cointime

Cointime

Download App
iOS & Android
Home / Data

Cardano DeFi Total Value Locked Hits 400M ADA Milestone

  • Wechat scan to share

The total value of assets locked on Cardano's decentralized finance ecosystem reached an all-time high of 417.7 million coins on May 14, indicating a thriving DeFi ecosystem. The TVL has since dropped to 409.86 million coins, but DeFi activities on Cardano have consistently grown since the start of the year. Minswap is the dominant DeFi protocol on Cardano, accounting for $55.7 million of the total TVL. Over 1000 Plutus V1 smart contracts have been recorded on Cardano in 2023, but the activity level still pales significantly compared to Ethereum. Despite the increase in network activity and TVL, ADA continues to trade under $1.

Cardano Cardano $0.68
-4.46%
Cardano DeFi
Comments

All Comments

Recommended for you

  • Spot gold continues to fall

    spot gold continues to decline, with the decline expanding to 2%, at $3315.49 per ounce.

  • BTC breaks through $93,500

    the market shows BTC has broken through $93,500, now trading at $93,506.58, with a 24-hour increase of 6.12%. The market is fluctuating greatly, please manage your risks.

  • Bitcoin's market share once rose to 64.67%, but now fell back to 64.30%

    On April 23rd, data, the Bitcoin dominance (BTC.D) briefly rose to 64.67% this morning, reaching a new high since February 2021, and is currently back at 64.30%. The high Bitcoin dominance indicates the quietness of the altcoin market, but it may also suggest that a bottom reversal is imminent. Based on historical data, when Bitcoin dominance surged above 60% in November last year, altcoins started a small bull market. In 2019 and 2021, Bitcoin dominance reached highs above 70%, followed by a broad and spectacular uptrend.

  • Spot gold breaks $3,500/ounce for the first time, setting a new record high

    spot gold soared, breaking through the $3500 per ounce integer mark for the first time, rising 2.14% intraday, and rising more than $870 year-to-date. 

  • BTC falls below $88,000

    market shows BTC has fallen below $88,000, now trading at $87,996.01, with a 24-hour increase of 0.68%. The market is fluctuating greatly, please be prepared for risk control.

  • Spot gold hits a new all-time high again, breaking through $3,450/ounce

    spot gold continued yesterday's upward trend, breaking through the $3450/ounce mark for the first time, rising 0.76% during the day, and accumulating over $820 in gains for the year. 

  • BTC breaks through $88,000

    market shows that BTC has broken through $88,000, now trading at $88,011.16, with a 24-hour increase of 1.23%. The market is volatile, please manage the risk.

  • Spot gold hits $3,390

    spot gold continues to rise, reaching 3390 US dollars per ounce and approaching the key level of 3400 US dollars per ounce, with an intraday increase of more than 1.8%.

  • Major European stock indices opened higher and ended higher, with the UK FTSE 100 index rising by 2%.

    main stock indexes in Europe opened higher and continued to rise, with the UK's FTSE 100 index up 2%, Germany's DAX index, France's CAC40 index, Italy's FTSE index, and the Euro Stoxx 50 index all up by about 2.4%. 

  • DeFi TVL exceeds $95 billion again

    According to defillama data, as of May 18, 2024, the total value locked (TVL) in DeFi has once again surpassed $95 billion. It is currently reported at $95.069 billion, an increase of nearly $12 billion from the low point of $83.04 billion 35 days ago. Among the top five protocols in terms of TVL, Eigenlayer has the highest 30-day increase, with TVL rising by 19.67% to a total of $15.455 billion.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

Trending