Cardano’s total value locked has risen to its strongest level in over a year, pointing to increased activity across its decentralized finance ecosystem.
Cardano’s total value locked, or TVL (assets deposited in DeFi protocols), has reached its highest level in more than a year, according to the provided update. TVL is commonly used to measure how much capital is committed to decentralized finance applications on a blockchain. A higher reading can indicate greater user participation, liquidity, or protocol usage, though the source does not provide a specific dollar figure, percentage change, or list of contributing protocols.