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HomeCryptocurrencyCardano (ADA) Sees Further DeFi Expansion with this New Integration: Details

Cardano (ADA) Sees Further DeFi Expansion with this New Integration: Details

MuesliSwap, in a recent announcement via its verified Twitter handle, revealed Cardano’s latest technology designed to improve the Decentralized Finance (DeFi) users’ experience on its platform.

Cardano (ADA), a proof-of-stake DeFi platform, is on the verge of a new expansion following the integration of VyFinance DEX protocol into the MuesliSwap DEX Aggregator.

The new integration hopes to provide Cardano users with unlimited transaction opportunities on the Cardano network. Simultaneously, the recent technology will offer Cardano enthusiasts a more diverse array of financial products.

Cardano Achieves Landmark By Beating Bitcoin In Total Value Locked

Intriguingly, Despite the bearish storm in the crypto market, Cardano’s latest market trends over the past few weeks were remarkable, which oversaw ADA tokens displaced BTC in total value locked.

Could Charles Hoskinson’s assertion be correct? Recall that in one of our previous news, Charles Hoskinson, the CEO of Input Output Global (IOG), predicted that ADA could surpass Bitcoin (BTC), Ethereum (ETH), and other top cryptocurrencies.

Per Cardano’s data on DeFiLlama, a crypto market data aggregator, the data aggregator predicted Cardano’s TVL worth to be an estimated $183.19 million, which implies that Cardano now ranks 15th on the TVL standings, a step ahead of Bitcoin, which has a TVL of $178.99 million.

Implications Of Cardano’s Latest Feat

The significant growth recorded in Cardano’s ecosystem signifies crypto users’ faith in the DeFi crypto platform. Also, Cardano has witnessed a massive increase in active user participation and other protocols on the Cardano network.

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Per DeFiLlama, Cardano’s dedicated users increased a remarkable 2.69% in the last day, 9.37% in the past week, and a whoppingĀ  20% over the past month. On CoinGecko, Cardano is ranked sixth, selling at the rate of $0.373965 and is down by 1.8%.


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Chinedu Agbakwusi
Chinedu Agbakwusi
Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchainĀ inventions.
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