ICYMI: Charles Hoskinson replies to critics on growth of Cardano's DeFi in total value locked ADA $ADA CardanoCommunity
, Cardano's total value locked is currently $298.27 million. Without the inclusion of staked governance tokens in the TVL valuation, Cardano's TVL stands at about $219.42 million.Total value locked refers to the total worth of crypto assets deposited in a decentralized finance protocol—or in DeFi protocols. Cardano has witnessed steady growth in TVL from January, after the launch of projects Sundaeswap and Minswap, which contributed immensely to its TVL.
Taken from all-time highs of $434.74 million in TVL reached on March 28, Cardano has seen nearly 50,000% growth in TVL since the start of 2022. Despite the growth, Cardano is far from catching up with other major"Ethereum killers" such as Terra, Avalanche and Solana.'s rankings of decentralized finance platforms, Cardano is currently in a distant 28th place.
Pipelining is a scaling solution that accelerates the process of distributing blocks, thus drastically reducing the"dead time" between them. This would make it possible to implement more aggressive changes such as reference scripts, which could dramatically increase the blockchain's throughout. Presently, there are currently 10 dApps contributing to the total value locked on Cardano. MuesliSwap became the first decentralized exchange to launch on the mainnet in late December. Sundaeswap launched in January, while MinSwap made its debut in March.
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