Enabling smart contracts to come to the network alonzo since the hard fork Cardano (ADA) There is a serious investment frenzy in the network.
While new decentralized applications are being developed, more investments are being made in old decentralized applications. The effects of this can be seen clearly when looking at TVL on the Cardano network.
Cardano in 2017 Charles Hoskinson Blockchain has become one of the important parts of the technology field since its launch.
The project, which could not fully reach its goal during the first 4 years, reached smart contracts and new milestones in 2022.
Things have changed, especially after the completion of the Alonzo hard fork in September 2021. deFiLing According to information provided by Cardano, the total value (TLV) of locked tokens in the Cardano network has increased by 39,000% since the beginning of 2022. Cardano reached a total value of $822,000 on January 1, increasing both the number and variety of tokens on the network. Now, with this increase, the total value as of March 24, 2022 326 million dollars it seems to go up.
Everything Green For Cardano
Among the decentralized applications that contribute the most to the Cardano network, Miniswap, ADAX Pro, MuesliSwap, SundaeSwap and MeowSwap There are applications such as, and most of them are decentralized cryptocurrency exchanges with staking options.
In particular, Miniswap and Muesliswap are seen as the two applications that receive the most TVL.
Cardano’s development gained momentum especially ahead of the big update in July, and even Coinbase recently announced full support for ADA.