Cardano Total Value Locked (TVL) tops $180M Following World Mobile Token Addition on Defilama.
Cardano (ADA), a blockchain platform for building decentralized applications, has crossed the $180 million Total Value Locked (TVL) milestone.
The TVL metric represents the total value of assets locked in smart contracts on the Cardano network. This growth in TVL is attributed to the addition of the World Mobile Team on DefiLlama, a popular DeFi analytics platform that tracks the TVL of various DeFi protocols. As a result of this recent development, Cardano has risen to the 18th position in Defillama’s rankings.
The Defillama dashboard shows Cardano’s TVL is now estimated to be approximately $169.46 million, adding a $15.86M staking value of World mobile token, Cardano TVL now is close to $185M.
Now tracking @wmtoken on @Cardano
World Mobile Token (WMT) is a cryptocurrency used to power the World Mobile Network, a decentralized mobile network that provides affordable and reliable internet access to remote areas pic.twitter.com/9JVqZcrnCM
— DefiLlama.com (@DefiLlama) April 16, 2023
According to Defilama data, Miniswap currently boasts the highest TVL among Cardano’s decentralized exchanges, with approximately $61.05 million worth of assets and a dominant market share of 36.03%. However, Miniswap’s current TVL valuation has experienced a decline of -1.75% in the past 24 hours.