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.
Madilyn Robinson
- 2023-04-17
Cardano's Total Value Locked (TVL) Booms to $180 million on Defilama
The Defilama platform experienced a jump recently with the addition of the World Mobile Team to its forum, pushing Cardano up to 18th place in the rankings with a total value locked of over $180 million.
![CandleFocus Cardano-Defilama-DeFi-TVL-TotalValueLocked](https://images.candlefocus.com/Cardanos-Total-Value-Locked-(TVL)-Booms-to-dollar180-million-on-Defilama.jpg)