According to DefiLlama data, Cardano has flipped Kusama, Polkadot’s canary network, in terms of total value locked (TVL) at 294.17 million (staking included). Kusama’s TVL was $278.04 million, putting it in 25th place.
Cardano’s TVL is valued at about $208.52 million, total value locked (TVL) on the network has increased significantly, as has the number of decentralized products.
Since the beginning of March, the Cardano DeFi ecosystem has acquired approximately $100 million in additional funding. This is evident in the increase in total value locked (TVL) from about $168.95 million to $293.89 million. From February 28 to March 16, there was an increase in TVL.
The SundaeSwap decentralized platform holds the majority of the network’s money, with $112.42 million now locked. The freshly created MinSwap decentralized finance network is in second place, with $93.32 million locked up. Meld has a total value of $69.93 million locked up.
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