Cardano’s Tvl Hits 20% Growth – Could This Be the Catalyst for Ada’s Bullish Run?
18 Mar 2023 6:40 AM
Cardano, one of the most popular blockchain networks, is seeing significant growth in its Total Value Locked (TVL) metrics. Data from DeFi Llama shows...
- Cardano's Total Value Locked (TVL) has seen a 20% increase almost every month, indicating the growing popularity of its DeFi ecosystem.
- Large Cardano transactions exceeding $100,000 are on the rise, indicating increased engagement from institutional investors and Cardano whales.
- While TVL has grown, its previous all-time high remains far away, and a bull run may be necessary to push it towards $1.
- Despite this, the Cardano network is showing significant improvement, and could surprise investors with its efficiency during a bull run.
Go to publisher site
The article presents a mixed sentiment towards Cardano. While the growth in TVL and increased engagement from institutional investors and Cardano whales are positive developments, the article also notes that a bull run may be necessary to push Cardano towards its previous all-time high. However, the article ends on a positive note, highlighting the significant improvement of the Cardano network and its potential to surprise investors with its efficiency during a bull run.
What is the significance of Cardano's Total Value Locked (TVL) metrics?
What is the trend in large Cardano transactions exceeding $100,000?
What is the current resistance level for Cardano?
What is necessary for Cardano to push towards its previous all-time high?
What milestone did Cardano recently hit in its developmental journey?
Total Value Locked (TVL)