News View Non-AMP

Cardano’s DeFi TVL Breaks Records With High of $440 Million; What Next for ADA?

Published by
Elena R

In a dazzling display of strength, Cardano’s decentralized finance (DeFi) landscape has recently experienced an unprecedented surge, smashing through its previous total value locked (TVL) record to reach an impressive $440 million. This remarkable ascent, unfolding just this week, has crossed the earlier peak of $330 million recorded in April of this year.

Cardano TLV Rides the High!

The surge in Cardano’s DeFi ecosystem is a testament to the growing interest in alternative blockchains, such as Solana and Avalanche. Investors are flocking to Cardano’s decentralized projects for diverse opportunities and better capital allocation.

Projects like Indigo and Minswap are standouts, with TVL spikes nearing the $100 million mark. This growth isn’t just boosting Cardano’s native ADA token by 17% in 24 hours but also contributing to an 80% monthly gain.

Also Read: Cardano Price Prediction : ADA Price Poised For 70% Rally By Late December

Numbers Speak

The leveraged futures market saw a whopping 100% growth in bets on ADA price volatility during the same period. Now, Cardano’s DeFi stands tall among other blockchains experiencing significant growth.

ADA, Cardano’s token, isn’t lagging either. With a 6% daily increase, a notable 50% surge over the week, and an impressive 60% rise in the past 14 days, ADA is valued at around $0.64.

Now, All Eyes Are on Cardano

Key players in the crypto community, including X user Lucid and Dan Gambardello, Founder of Crypto Capital Venture, are optimistic about ADA’s future. Lucid and Gambardello foresee ADA hitting new highs with target prices at $14 and $11, respectively.

Analysts, stakeholders, and the broader crypto community are closely watching as Cardano’s DeFi ecosystem makes waves. ADA is aiming for new heights, solidifying its position in the dynamic crypto landscape. The momentum is clear, and Cardano is making waves that are impossible to ignore.

Read More: Cardano Price Prediction: Expert Predicts 60x Surge in 66 Weeks – Buckle Up!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin Stays Calm As Traders Eye $108,500 Breakout for New All-Time High

Bitcoin is sitting just below an important price level this week, but the market doesn’t…

June 27, 2025

XRP Lawsuit: Is Judge Torres Delaying the Ripple Case Because of Politics and Trump?

The never-ending legal battle between Ripple and the SEC just took another unexpected turn. In…

June 27, 2025

WazirX Latest News: Secret UAE Filing Shows Complete Stake Transfer

It’s been nearly a year since one of India’s biggest crypto debacles left users blindsided.…

June 27, 2025

Crypto News Today : Friday’s Bitcoin, Ethereum Options Expiry Could Trigger a Volatility Storm

The second quarter of 2025 has been kind to Bitcoin. Since April 1, the market…

June 27, 2025

“0.1 BTC May Soon Be Worth More Than a U.S. Home” Says Binance Founder Changpeng Zhao

If owning a home in the US is the only dream you have, think again!…

June 27, 2025

Only 2 Days to Pi2Day: Will Pi Network Price Hit $1?

The Pi community is bracing for what could be the biggest moment for the network.…

June 27, 2025