Cardano token tvl reaches new all-time high in the middle of the defi boom: Ada bet increases to a record level

Cardano token tvl reaches new all-time high in the middle of the defi boom: Ada bet increases to a record level

Cardano reaches new all-time high in the total amount of the ADA bets in defi

Cardano, one of the most popular POS blockchains (Proof of Stake), has achieved a new high in the total amount of the ADA bets in decentralized financial proceedings (DEFI). This shows that the platform is still becoming popular and that your token, ADA, is being used more and more by consumers for purchases and transactions.

In September 2021, Cardano carried out the Alonzo Tough fork-upgrade, which gave the system the opportunity to carry out intelligent transactions. This enabled developers to create decentralized apps (DAPPS) on the blockchain and contributed to the promotion of the defi market on Cardano. Since then, the number of defi processes based on the Cardano blockchain has increased steadily.

The total amount of the ADA betting reached a new record of 560.7 thousand Ada on Tuesday, July 4, 2023, as recorded by Defillama. This shows that more and more investors and users are jumping on the Cardano train and buying ADA for various purposes. However, it is important to note that this maximum state only refers to the height of the ADA bets and not to the total value in dollars.

Although the ADA price has fallen by 3.30 % in the last 24 hours, the altcoin still records profits of about 5 % last week. This indicates that the Cardano market is still optimistic and that the price could recover if the overall market improves. ADA is currently being traded at a price of $ 0.28, and it is likely that the resistance will be tested again at 0.3 USD if the market conditions improve.

The positive development of Cardano and the increase in the ADA betting in the Defi area indicate that the platform finds more and more recognition and possible uses. It remains to be seen how the ADA price will develop and whether Cardano remains one of the leading POS blockchains.

sources:
- https://cnews24.ru/uploads/7409fd4209ad4b3d11cea12be8bcbf87256.jpg
- https://cnews24.ru/uploads/c4659a4190aa59661a172bb2baf812dad1.jpg
- Defillama