According to DefiLlama data, Cardano has flipped Kusama, Polkadot’s canary network, in terms of total value locked (TVL) at 294.17 million (staking included). Kusama’s TVL was $278.04 million, putting it in 25th place.

Cardano’s TVL is valued at about $208.52 million, total value locked (TVL) on the network has increased significantly, as has the number of decentralized products.

Since the beginning of March, the Cardano DeFi ecosystem has acquired approximately $100 million in additional funding. This is evident in the increase in total value locked (TVL) from about $168.95 million to $293.89 million. From February 28 to March 16, there was an increase in TVL.

The SundaeSwap decentralized platform holds the majority of the network’s money, with $112.42 million now locked. The freshly created MinSwap decentralized finance network is in second place, with $93.32 million locked up. Meld has a total value of $69.93 million locked up.

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Analysis, Market

Cardano expects around $100 million in DeFi after March, surpassing Kusama in TVL

According to DefiLlama data, Cardano has flipped Kusama, Polkadot’s canary network, in terms of total value locked (TVL) at 294.17 million (staking included). Kusama’s TVL was $278.04 million, putting it in 25th place.

Cardano’s TVL is valued at about $208.52 million, total value locked (TVL) on the network has increased significantly, as has the number of decentralized products.

Since the beginning of March, the Cardano DeFi ecosystem has acquired approximately $100 million in additional funding. This is evident in the increase in total value locked (TVL) from about $168.95 million to $293.89 million. From February 28 to March 16, there was an increase in TVL.

The SundaeSwap decentralized platform holds the majority of the network’s money, with $112.42 million now locked. The freshly created MinSwap decentralized finance network is in second place, with $93.32 million locked up. Meld has a total value of $69.93 million locked up.

CARDANO TOTAL VALUE LOCKED ‼️

The @Cardano TVL keeps increasing day by day ????@SundaeSwap is leading ????#Cardano #ADA $ADA $SUNDAE $MELD @MinswapDEX @MELD_labs @VyFiOfficial @MuesliSwapTeam @adax_pro pic.twitter.com/4XCLE42rgj

— Cardano Daily (@cardano_daily) March 16, 2022

What do you think about this analysis? Let us know by commenting below!

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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