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Cardano DeFi Transactions Soar Despite Market Dip, Boosted by New Protocols and Meme Coins

Despite the recent market dip, Cardano's DeFi ecosystem has seen a significant surge in activity, with transactions on Cardano DeFi apps increasing by 56% to 250,000 per epoch. This increase in transaction volume has been attributed to the launch of new DeFi protocols on the network and the active community of developers and users driving innovation for the protocol. Additionally, the recent hype around meme coins like Snek and Pepeblue has also contributed to the transaction surge. 

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