According to DefiLlama data, the total locked value (TVL) was 294.17 million (including staking), and Cardano reversed Polkadot’s canary network Kusama from a TVL perspective. Kusama’s TVL was $ 278.04 million, ranking 25th.
Total Value Lock (TVL) is the overall value of crypto assets deposited under the Decentralized Finance (DeFi) protocol or generally the DeFi protocol.
If the TVL valuation does not include the bet governance tokens, Cardano’s TVL will be approximately $ 207.37 million. In the Cardano network, total value locks (TVL) have increased significantly and the number of distributed products has also increased.
Since the beginning of March, the Cardano DeFi ecosystem has raised nearly $ 100 million. This is reflected in the surge in total locked value (TVL) from approximately $ 168.95 million to $ 293.89 million. The TVL surge was observed from February 28th to March 16th.
The total value of Cardano is locked! ️
The @ Cardano TVL continues to increase every day 🚀@SundaeSwap Leading 💪# Cardano #ADA $ ADA $ SUNDAE $ MELD @MinswapDEX @MELD_labs @VyFiOfficial @MuesliSwapTeam @adax_pro pic.twitter.com/4XCLE42rgj
— Cardano Daily (@cardano_daily) March 16, 2022
Most of the money on the network Sundae Swap A decentralized platform currently locked at $ 112.42 million. Second place is the recently launched MinSwap decentralized finance platform, which is locked at $ 93.32 million. Meld totals $ 69.93 million.
Only the beginning?
As U.Today previously reported, IOHK CEO and Cardano founder Charles Hoskinson said TVL’s growth may have just begun. Launch to benefit from the pipeline. So it seems that nothing has been seen on TVL yet. “
Hoskinson also reiterated that a big wave of the project will come after June, when the Vasil hard fork occurs. With over 500 projects currently built on Cardano, IOHK plans to roll out a number of scaling improvements in 2022 with a focus on the June and October Hard Fork Combinator (HFC) events. It states that there is.
As a scaling milestone, the first Hydra Heads was published on the published Cardano testnet almost a year after the original paper was published. The first HydraHead in the set of protocols is a key element of Cardano’s scaling journey. Hydra refers to a collection of Layer 2 solutions aimed at improving network security and scalability.
