Cardano's TVL (Total Value Locked) has been consistently increasing over the last six months, with a seven-day moving average of $154 million, a level not seen since May 2022. The cryptocurrency's TVL has been on a consistent upward trajectory, with recent growth of over 9% in just 24 hours, according to DeFiLlama's. The Plutus team has been developing new built-ins to support BLS12-381 curves, and the upcoming Hydra 0.10.0 mainnet release could have a significant impact on the entire ecosystem, suggesting that Cardano's growth on the development front is likely to continue. Despite recent declines in price and the number of token holders, Cardano's growing network usage and popularity among whales are positive indicators for the cryptocurrency's future.

(By Christian Encila)