{"id":143796,"date":"2024-12-03T09:30:02","date_gmt":"2024-12-03T07:30:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143796"},"modified":"2024-12-03T00:10:38","modified_gmt":"2024-12-02T22:10:38","slug":"cardano-sees-massive-defi-growth-as-tvl-soars","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-sees-massive-defi-growth-as-tvl-soars\/","title":{"rendered":"Cardano Sees Massive DeFi Growth as TVL Soars"},"content":{"rendered":"<p>This marks a remarkable recovery from its low point of $50 million in November 2022, during the fallout from FTX\u2019s collapse. Data from DeFiLlama reveals that the blockchain has gained over $400 million in <strong><a href=\"https:\/\/defillama.com\/chain\/Cardano\" target=\"_blank\" rel=\"nofollow\">TVL<\/a><\/strong>, standing at approximately $680 million today.<\/p>\n<p>Alongside this growth in TVL, activity on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">Cardano\u2019s<\/a> <\/strong>decentralized exchanges (DEXs) has reached unprecedented levels. Daily trading volume has soared to $22.35 million\u2014the highest since December 2023. On a weekly basis, trading volume hit $117.32 million, its best performance in over a year.<\/p>\n<p>Founder Charles Hoskinson has <strong><a href=\"https:\/\/x.com\/IOHK_Charles\/status\/1863310791786500316\" target=\"_blank\" rel=\"nofollow\">highlighted<\/a> <\/strong>these achievements as a turning point, describing them as evidence of growing adoption and expanding DeFi opportunities on the network.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/wisdomtree-seeks-sec-approval-for-spot-xrp-etf\/\" title=\"WisdomTree Seeks SEC Approval for Spot XRP ETF\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/image1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">WisdomTree Seeks SEC Approval for Spot XRP ETF<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The enthusiasm surrounding Cardano\u2019s DeFi progress has also fueled a rally in the ADA token. In the past week, the cryptocurrency has surged by more than 20%, reaching a peak of $1.21, its highest value since 2022. This surge has elevated Cardano\u2019s market capitalization to over $40 billion, cementing its place as one of the top digital assets globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s DeFi ecosystem is experiencing a significant resurgence, with its total value locked (TVL) nearing a milestone of $700 million.<\/p>\n","protected":false},"author":9,"featured_media":102190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-143796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Sees Massive DeFi Growth as TVL Soars<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s DeFi ecosystem is experiencing a significant resurgence, with its total value locked (TVL) nearing a milestone of $700 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/cardano-sees-massive-defi-growth-as-tvl-soars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Sees Massive DeFi Growth as TVL Soars\" \/>\n<meta property=\"og:description\" content=\"Cardano\u2019s DeFi ecosystem is experiencing a significant resurgence, with its total value locked (TVL) nearing a milestone of $700 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/cardano-sees-massive-defi-growth-as-tvl-soars\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" 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