November 27, 2023
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December 14, 2023
Foresight News reports rapid growth in Cardano's Total Value Locked (TVL), exceeding $440 million and surpassing the April peak of $330 million.
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The majority of growth occurred in the past week, with Indigo and Minswap's TVL soaring over 50% to almost $100 million.
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The supply of Djed (DJED), a USD-pegged stablecoin, rose by over 45% in the last week.
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TVL on LendFi and Spectrum Finance experienced a remarkable 90% surge, reflecting the ecosystem's robust on-chain growth.
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The on-chain growth significantly influenced ADA token prices, witnessing a 17% surge in the past 24 hours and accumulating nearly 80% in monthly gains.
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The ecosystem's thriving on-chain activities underscore its dynamic and evolving nature, attracting increased value and interest.
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The overall positive trends in TVL and ADA token prices suggest favorable market conditions and growing confidence in the Cardano ecosystem.
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