Cardano DeFi TVL Rises 23% in 12 Days to 552 Million ADA

The report says Cardano’s DeFi (decentralized finance) total value locked increased in ADA terms, while the network’s total value is currently about $140 million.

ADA

Summary

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Terms & Concepts
  • DeFi (decentralized finance): Blockchain-based financial services that operate without traditional intermediaries such as banks or brokers.
  • TVL (total value locked): A metric showing the value of assets deposited in decentralized finance protocols on a blockchain network.
  • ADA: The native cryptocurrency of the Cardano blockchain, used for transactions and participation in network activity.