Report breaks down important metrics and performance insights to highlight Cardano's growth and potential
According to Messari's second-quarter data, Cardano saw a network boom as average daily dApp transactions increased by 49% QoQ. MinswapDEX set the pace with impressive growth, and several new dApps all worked together to boost adoption.
Total Value Locked in USD increased by a startling 198.6% YTD and 9.7% QoQ. Cardano improved its position in the TVL rankings across all blockchain networks, moving up from 34th to 21st. According to data from DefiLlama, Cardano's total value locked in ADA terms, which is now 763.62 million ADA, has just reached a record high.
The wider Cardano community is also benefiting from collaborative efforts that are fostering more interoperability and novel use cases, with Milkomeda, Midnight, Wanchain and IOG's sidechains team at the vanguard of this trailblazing exploration.
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