According to DeFillama data, the TVL of Minswap increased by 13% to $40.27 million, while WingRiders and Indigo increased by 0.86% and 150% to $16.83 million and $16.76 million respectively. In addition to Djed, Cardano DeFi's three major protocols, Minswap, WingRiders and Indigo, have all increased their TVL in the past 30 days. Since then, the project has developed by leaps and bounds, and currently accounts for more than 10% of the network-locked tokens-more than 31 million ADAs. In January, Cardano's over-mortgaged stable currency Djed saw its TVL exceed $10 million within the first 24 hours of its launch. Growth of DeFi activities in Cardano With the launch of several new agreements, the activities of decentralized finance (DeFi) on Cardano network have increased this year. In dollar terms, Cardano's DeFi TVL is $110.39 million, far below its all-time high of over $300 million. According to DeFillama data, on March 7th, the total value of assets (TVL) locked on Cardano reached an all-time high of $341.42 million in terms of ADA tokens.Īs of press time, the ADA token TVL has fallen to 333.16 million.
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