The DefiLlama platform, a popular decentralized finance (DeFi) analytics platform tracking the total value locked (TVL) of various DeFi protocols, saw a significant jump recently with the addition of World Mobile Team to its roster. This event has pushed Cardano (ADA) up to 18th place in the rankings, with a TVL increase of over $180 mln.

At the time of writing, the Cardano TVL valuation is around $169.46 mln and the World Mobile Token staking value is $15.86 mln. This brings Cardano’s total TVL close to $185 mln, drastically increasing its overall ranking among other DeFi protocols.

Miniswap, the largest Cardano decentralized exchange, experienced a peak TVL of $61.05 mln and a market share of 36.03% according to Defilama. Unfortunately, the asset is currently down 1.75% in the last 24 hours.

The new milestone achievement marks a huge step forward for Cardano and the DeFi space at large. With the TVL marker quickly becoming the go-to metric for gauging the success of protocols, Cardano has set a high bar for the rest of the industry, and it will be interesting to see how the blockchain platform continues to build on its current success.



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