News

Cardano DeFi TVL Jumps 20% As Hydra Prospects Enters Spotlight

The Cardano DeFi Total Value Locked (TVL) has jumped 20% in 2 weeks with recent Hydra update boosting price sentiment
Published by
Cardano DeFi TVL Jumps 20% As Hydra Prospects Enters Spotlight

Highlights

  • Cardano has recorded a visible uptick in its DeFi TVL
  • This metric has jumped by 20% in 14 days, underscoring ecosystem rebirth
  • Cardano Hydra scaling prospect is responsible for stirring more bullish sentiment

A new Hydra update has triggered an uptrend in the Cardano Decentralized Finance (DeFi) Total Value Locked (TVL).

Advertisement

Cardano DeFi TVL Prints Visible Rebound

Data from DeFiLlama shows that the Cardano DeFi TVL has climbed to $243.17 million. Compared to July 6 when this metric was $242.13 million, the network has seen more than a 20% increase in about two weeks.

Stablecoins on the Cardano ecosystem have a market cap of $15.88 million while the 24-hour trading volume is $267.3 million. Markedly, this is an indication of a strong and active market presence for Cardano. It also reflects the networks growing influence in the DeFi ecosystem.

The TVL is a key metric that reflects the total amount of assets locked in the Cardano ecosystem, indicating the level of activity and investment within its DeFi space.

Meanwhile, this surge comes after it was announced on X by major pool operator Stake With Pride that Cardano Hydra will enable “God mode” on the network. This move will specifically benefit those private ephemeral Layer-2 networks that utilizes Cardano native token ADA.

Based on the Hydra prospect, this category of L2 protocols will enjoy high Transaction Per Seconds (TPS) at almost zero cost. The Hydra development was further described as “ultra” and the update validated with a repost from founder Charles Hoskinson.

This announcement about Hydra further debunks rumors that the project has been abandoned. In Q1, some video showed up on the Internet, making claims that Cardano was no longer working on Hydra. At the time, Charles Hoskinson took to X to explain that this was not true. He made it clear that it was only a matter of FUD because Cardano was at a point where its team are more “productive and motivated.”

Advertisement

Other Cardano Developments

Beyond the DeFi TVL, another highlight in the Cardano ecosystem is the Project Catalyst Fund 12 campaign. At the beginning of this week, the Cardano Foundation said that the Project Catalyst Fund 12 will soon come to a close. As such, it gave a public hint into its first-ever participation in Project Catalyst voting.

It is worth noting that Project Catalyst underscores Cardano’s commitment to fostering innovation and community-driven development.

Amidst all of these improvements, additions and uptrend, ADA price is trading at $0.4375 corresponding with a 0.2% decrease within the last 24 hours. There is an optimistic prediction that ADA price would eventually hit a bullish run that might take it to $0.6 target and eventually, the $1 milestone.

Read More: Arkham Shifts $487M ARKM To Coinbase Prime, Here’s Why

Advertisement
Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch

Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…

October 31, 2025
  • News

Bitcoin White Paper Turns 17 Today as Satoshi’s $120B Fortune Climbs $2.8 Billion

Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…

October 31, 2025
  • News

Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?

Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…

October 31, 2025
  • News

Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of…

October 31, 2025
  • News

XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP…

October 31, 2025
  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025