Affected by the price increase of ADA, Cardano TVL increased by 55.42% monthly
According to DeFiLlama data on December 13th, Cardano network's TVL (total value locked) has increased by 55.42% in a month, reaching 468 million US dollars. It ranks 12th in the global TVL rankings and has the largest monthly increase among the top 35 networks.
However, it is worth noting that the native token of the network, ADA, has risen by about 60% in the past month, and the TVL priced in ADA has not changed significantly. Therefore, it is judged that the TVL increase is mainly caused by the rise in token prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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