The Cardano network's total value of assets locked (TVL) hit a one-year high of over $200 million on July 14, coinciding with a rise in market cap to almost $2 billion.

The TVL has since slightly decreased to $192 million.

The number of ADA tokens locked in DeFi platforms has also reached a yearly high of 587 million, indicating a surge in decentralized finance activity on the network.

The rise in TVL is linked to an increase in the network's decentralized exchange trading volume, which has been steadily increasing since the beginning of the year. Additionally, Cardano's market cap has risen to nearly $13 billion, with a recent inflow of $2.10 billion.