Cardano’s native cryptocurrency ADA ($0.53) has experienced a remarkable 240% increase in value over the past 30 days, reaching a level of $1.19. This figure marks the highest point for ADA since June 2022. According to CoinGecko data, this surge is influenced by the positive atmosphere in the overall cryptocurrency market.
Record $700 Million in DeFi Ecosystem
Cardano’s decentralized finance (DeFi) ecosystem has surpassed $700 million in total value locked (TVL), indicating significant growth. Data provided by DeFiLlama reveals that over $400 million entered Cardano’s DeFi projects in the last 30 days, reflecting a growth rate of 232.3%.
This increase in the ecosystem is linked to rising investor interest. Investments in technical infrastructure to enhance Cardano’s scalability and privacy capacity have also contributed to this momentum. The company successfully implemented its first zero-knowledge (ZK ($0.07)) smart contract on the mainnet, enabling the platform to support both more secure and faster transactions.
Technical Innovations and Market Dynamics Support Growth
ADA&rs...
24h Most Popular
Utilities