Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data.

As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL) Rust has a TVL of $396.22 million, while Cardano’s (ADA) Haskell TVL is $53.27 million.

(By Oluwapelumi Adejumo)