Cardano DeFi TVL Rises More Than 100% In One Month
DeFi protocol defillama in Cardano a proof of stake smart contract platform has locked over $100 million in user assets as of February 7.
DeFi llama statistics, Cardano DeFi protocol commands a total value locked (TVL) of over $103 million which is more than 2x the amount on January 1.
The upswing of TVL could be several factors top of the list is the broader recovery in the crypto markets and the rising tide of Bitcoin, which rose from below $15,000 to over $24000.
DeFi llama is expanding faster than the overall market illustrates from January 1 to February 7 the total DeFi TVL across all chains rose from around $38 billion to $48 billion on an increment of approximately 20% during this time.
DeFi activities in Cardano after a bitting crypto winter which saw ADA drop by more than 70% from 2021 highs, market indicate recovering ADA prices are recovering.
The live Cardano price today is $0.389718 USD with a 24-hour trading volume of $312,130,002 USD Cardano is up 0.07% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $13,488,011,317 USD. It has a circulating supply of 34,609,653,532 ADA coins and a max. supply of 45,000,000,000 ADA coins.
Cardano price statistics the ADA price change in 24 hours is -$0.002891 of 0.74% and 24 hour low is $0.3816 and 24 hours high is $0.3959 with 1.26% Market dominance.
ADA's 7-day low is $0.3727 and the 7-day high is $0.4129 with 1697.77% Cardano ROI.
Related: Binance is launching a tax reporting tool to prepare users for the tax season
