The total value of assets locked (TVL) on Cardano in terms of the ADA token reached a new all-time high of 341.42 million on March 7, according to DeFillama data.

In US Dollar terms, Cardano’s DeFi TVL sits at $110.39 million, a far cry from its all-time high of over $300 million.

In January, Cardano’s overcollateralized stablecoin Djed saw its TVL cross $10 million during the first 24 hours of its launch. Since then, the project has grown in leaps and bounds and currently accounts for more than 10% — over 31 million ADA —  of the tokens locked in the network.

Besides Djed, the top three Cardano DeFi protocols, Minswap, WingRiders, and Indigo, have grown their TVL in the past 30 days. According to DeFillama data, Minswap’s TVL rose 13% to $40.27 million, while WingRiders and Indigo increased by 0.86% and 1.50% to $16.83 million and $16.76 million, respectively.