Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Cardano surpasses 500 million ADA in TVL.
EXCHANGE NEWS

Cardano surpasses 500 million ADA in TVL.

By Crypto FlexsJune 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano surpasses 500 million ADA in TVL.
Share
Facebook Twitter LinkedIn Pinterest Email

The Cardano blockchain’s total value locked (TVL) has reached a major milestone after surpassing 500 million ADA. This comes just a month and a few days after TapTools predicted an exponential increase in network TVL.

In this forecast, Cardano portfolio tracker TapTools also reported a number of factors that could play a pivotal role in Cardano’s explosive growth in the coming months.

Related Reading

Cardano DeFi Ecosystem Achieves 500 Million ADA in TVL

The total value locked in the Cardano network currently stands at 505.114 million ADA, according to data from DeFi TVL aggregator Defillama. Converted to US dollars, this is equivalent to $186.18 million.

Source: DefiLlama

This new milestone represents a remarkable 91.9% increase in total value locked since the beginning of the year. Meanwhile, Cardano’s TVL has increased by nearly 8% in the past month, indicating steady adoption in the DeFi ecosystem.

According to on-chain data, Minswap is by far the leading protocol on the network, with a TVL of $55.56 million. In fact, the decentralized exchange boasts a market share of 29.84%.

The Minswap protocol is followed by Indigo, a collateralized debt protocol, with a total valuation of $28.5 million. WingRiders, Liqwid, and Djed Stablecoin are the other three. Cardano is a notable protocol in the DeFi ecosystem with a TVL of $17.51 ​​million, $15.42 million, and $13.71 million, respectively.

It is important to note that Total Locked Value is an indicator that estimates the amount of cryptocurrency locked in DeFi protocols on a particular blockchain. It is calculated by adding up the value of all cryptocurrency assets locked in various DeFi protocols on the blockchain. TVL can be the native token of the blockchain (like Cardano’s ADA) or can be denominated in USD.

ADA prices do not see significant changes

A surging total value is often an indicator of increased activity in the DeFi ecosystem. However, Cardano’s impressive TVL growth has not particularly affected the price of ADA, the blockchain’s native token.

At the time of this writing, one ADA token is trading at $0.3655 and has lost 1% of its value in the last 24 hours. The price of ADA has been flat recently, falling only 0.5% over the past seven days.

Cardano

ADAUSD trading at $$0.3652 | Source: ADAUSD chart from TradingView

However, a broader look at the market shows that ADA has been in a steady downtrend, losing over 13% of its value over the past month. The cryptocurrency has a daily trading volume of around $129.3 million.

According to data from CoinGecko, ADA is the 7th largest cryptocurrency with a total market capitalization of $12.79 billion.

Related Reading

-Featured image from Solodev, charts from TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025
Most Popular

Former FTX CEO Sam Bankman-Fried Files Appeal, Seeks Retrial

September 13, 2024

Arbitrum’s Impressive Growth: DEX Surpasses Ethereum in Volume and Financial Metrics – The Defi Info

January 7, 2024

BlackRock has ‘no commercial relationship’ with Hedera, HBAR falls 32%

April 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.