Cardano has surpassed $200 million in total locked value.
Cardano, which made a name for itself with the great rise it experienced last year, has reached a new milestone. While the total value locked in the network reached $200 million; Cardano-based DEX SundaeSwap created the majority of it. According to current data from DeFi Llama, this accounts for $126.18 million of TVL in SundaeSwap. It is said that in the coming weeks, further growth can be expected in TVL with the arrival of many new DeFi projects.
Project Count Raised to 492
IOHK, the company behind Cardano According to Tim Harrison, Communications Director of Cardano, 492 projects are currently being built on Cardano. As we reported earlier, smart contract capabilities came to the network with the Alonzo update implemented last September.
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