Cardano

<ul><li>The native token of the Cardano ecosystem fell by 14.67% despite the rise in TVL.</li><li>Analysis of the 4-hour timeframe displayed the increasing supremacy of bears from the $0.38 region.</li><li>ADA’s next target could be below the $0.30 threshold unless buying pressure appears.</li></ul>Cardano’s ADA recently witnessed a significant surge in Total Value Locked (TVL), reaching its highest level in the year. TVL is a measure of the total worth of smart contract deposits in a <a href="https://coinedition.com/what-is-defi-lets-understand-decentralized-finance/" rel="noopener noreferrer nofollow">Decentralized Finance (DeFi)</a> protocol.According to DefiLlama, Cardano’s TVL reached $159.3 million. Further information from the multi-chain blockchain dashboard showed that lending protocols, like Aada, and DEXs, including Minswap, played vital roles on the road to the milestone.<a href="https://coinedition.com/cardanos-tvl-surges-to-year-high-is-ada-ready-for-0-4/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

Cardano’s TVL Surges to Year High: Is ADA Ready for $0.4?

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