Cardano TVL reaches $127 million in February after the release of DeFi products on the network
The majority of funds on the network is concentrated on the SundaeSwap decentralized platform, with $115 million currently locked. Second place is being held by MuesliSwap decentralized finance platform with $2 million locked.
In comparison to networks like Ethereum or even Polkadot, Cardano's ecosystem seems less diverse as almost 100% of the TVL is concentrated in a platform backed by network developers. For example, first place TVL-vise on the Ethereum network is held by Terra with $20 billion locked, which is less than 20% of the TVL.With the increased usage of the network and a slight rebound on the crypto market, ADA was able to bounce from the local bottom and even reach the $1 resistance point.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ethereum Killer Terra (LUNA) Reaches Major Milestone in DeFi: DetailsTerra (LUNA), a high-performance smart contracts platform, is ready to surpass 10% on all of world's dApps' TVL
Leer más »
Cardano's First Scaling Solution Based on ZK Rolloups to Support DeFi InnovationThe team behind Cardano's first ZK rollup layer 2 solution - Orbis - believes Hydra will not solve every scaling problem on the Cardano blockchain.
Leer más »
Altcoin Roundup: 3 portfolio trackers NFT and DeFi investors can use to stay organizedWhether you’re a DeFi degen with 100 accounts in MetaMask or an NFT investor with an uncountable number of JPEGs, here are three portfolio trackers that can help you stay organized.
Leer más »
112.46 Million SHIB Burned In Past 4 Days, While 434 Million Burned in Feb by This CompanyRecent analytics data on SHIB shows that in the last few days almost 112.5 million SHIB have been burned and 434 million has been destroyed so far this month
Leer más »
DIA Pipe Breaks, At Least $50 Million In Damage: 'Never Seen Anything Like It'Denver International Airport administrators have laid out how a high pressure hot water line broke at the airport in early December 2021.
Leer más »
Cardano's First Scaling Solution Based on ZK Rolloups to Support DeFi InnovationThe team behind Cardano's first ZK rollup layer 2 solution - Orbis - believes Hydra will not solve every scaling problem on the Cardano blockchain.
Leer más »