Cardano TVL Growth Beats ETH, SOL; Hoskinson Shares Data

Ashish Kumar
June 28, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal 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.
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Cardano News: U.S. Securities and Exchange Commission’s (SEC) recent attack on the biggest of the crypto exchanges, Binance and Coinbase, led to a major decline in top crypto prices, and Cardano (ADA) is one of them. However, Cardano’s founder suggests that the ADA ecosystem is growing amid uncertainty in the market.

Also Read: Cardano Founder Worked As Ripple Intern? Hoskinson Reveals

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Cardano Growing Amid Increased Uncertainty

Charles Hoskinson, Cardano founder shared statistics supporting the growth of ADA. He stated that there is a lot of noise in the crypto market but look out for the signals. Data depicts that Cardano is getting real adoption and growing as an ecosystem in the harshest of conditions the industry has ever known.

Hoskinson compared ADA with Bitcoin and suggested that the growth is being done in a completely decentralized manner.

However, major crypto exchanges including Huobi announced trading pairs of Cardano from the platform in the reaction to SEC’s categorization of Cardano and other crypto assets. ADA price has dropped by more than 26% in the last 30 days. It is trading at an average price of $0.277, at the press time. Read More Cardano News Here…

Data claimed that Cardano Defi is the fastest growing ecosystem measured by total value locked (TVL). As per the data, Cardano had a TVL of $265 millon in January 2023. It jumped by around 148% to stand at $657 million in June 2023. While Ethereum (ETH) TVL which stood at around $20.9 million in January 2023, now stands at $15.6 million, a decline of 25%.

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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.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
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.