Cardano: Defi Activity Spikes, ADA Price Jumps 4.7%
Cardano (ADA) prices have jumped 4.7% in 24 hours. The price movement is likely a response to DeFi (Decentralized Finance) activity spiking on the ADA network. According to the data available on DeFiLlama, activities on the top DeFi protocols on the ADA network are surging. Minswap TVL (Total Value Locked) has surged by 2.72%, Indigo by 6.17%, and lending platform Aada by a whopping 58.95%. Minswap continues to dominate the ADA network with 43.36%. Source: DefiLlama Aada is the top-performing Cardano-based DeFi protocol over the previous week. The lending platform surged by 56.56% in seven days. Nonetheless, the total value locked (TVL) for Aada is still low, at $351k, compared to others. At press time, Aada was trading at $0.207, up by 5.45% in the last 24 hours. ADA DeFi TVL is currently $52.55 million, up by 3.27% in the last 24 hours. However, TVL is still significantly lower than in March 2022, when it was $326 million, an 83.8% decrease. Additionally, Cardano ...