Affected by the price increase of ADA, Cardano TVL increased by 55.42% monthly
According to DeFiLlama data on December 13th, Cardano network's TVL (total value locked) has increased by 55.42% in a month, reaching 468 million US dollars. It ranks 12th in the global TVL rankings and has the largest monthly increase among the top 35 networks.
However, it is worth noting that the native token of the network, ADA, has risen by about 60% in the past month, and the TVL priced in ADA has not changed significantly. Therefore, it is judged that the TVL increase is mainly caused by the rise in token prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano (ADA) Founder Charles Hoskinson Makes Big Bullish Statements and Bitcoin Price Prediction
Charles Hoskinson, the founder of Cardano, one of the largest altcoins in the world, made statements about the bull market.
Ethereum’s Fate is on the Line: Analytics Firm Reveals Must-Hold Price Levels and Resistance
What are the price levels that must be protected by the world's largest altcoin, Ethereum? Here is the analysis.
Veteran Analyst il Capo Shares The Most Likely Scenario He Expects In Altcoins In The Coming Days
Cryptocurrency analyst il Capo detailed the scenario he expected most in the altcoin market in his statement.
Memecoin Promoted by Argentine President Javier Milei Turns Out to Be a Scam – Developer Team Earns $107 Million, Milei Forced to Make a Statement
Argentina's outlier Javier Milei spoke about the LIBRA memecoin, which turned out to be a scam, in his statement.
Trending news
MoreCrypto prices
More
