DeFi LIama Archives - Times Tabloid https://timestabloid.com/tag/defi-liama/ Cryptocurrency and Blockchain Tabs Fri, 15 Jul 2022 00:27:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png DeFi LIama Archives - Times Tabloid https://timestabloid.com/tag/defi-liama/ 32 32 Cardano DEX TVL Rises Over 56,000% as Cardano Records Massive DeFi Inflows https://timestabloid.com/cardano-dex-tvl-rises-over-56000-as-cardano-records-massive-defi-inflows/ Fri, 15 Jul 2022 00:24:47 +0000 https://timestabloid.com/?p=7568 FluidTokens, a decentralized finance (DeFi) lending platform that allows users to lend or borrow with CNFTs as collateral, has recorded amazing growth in Total Value Locked, according to DeFi data tracker DefiLlama. At the time of filing this report, the FluidTokens platform is exhibiting an 18% growth in the last seven days and over 56,000% […]

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]]> FluidTokens, a decentralized finance (DeFi) lending platform that allows users to lend or borrow with CNFTs as collateral, has recorded amazing growth in Total Value Locked, according to DeFi data tracker DefiLlama.

At the time of filing this report, the FluidTokens platform is exhibiting an 18% growth in the last seven days and over 56,000% in the past month. As the data on the platform says, Cardano (ADA) currently manages $116.28 million in TVL.

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Source: DeFiLlema

WingRiders is the largest among Cardano decentralized exchanges tracked by DefiLlama, with $50.77 million in TVL. It currently maintains 43.66% market dominance.

Cardano’s Djed Seals New Partnerships

Another collaboration between Iagon and Djed, Cardano’s overcollateralized algorithmic stablecoin, has been made public through the COTI network. A decentralized storage platform is currently being developed by Iagon, and Djed will play a major role in the overall trading process.

Djed will be adopted as a storage exchange payment method on Iagon’s shared storage economy platform due to this partnership.

Read Also: The First-Ever Annual State of the Cardano Developer Ecosystem Survey Goes Live: Details

COTI tweeted, “We are happy to announce yet another Djed partnership, this time with @IagonOfficial, a marketplace for decentralized computing resources, to make Djed a key component in their trading process.”

It’s also reported that Cardano (ADA) has returned to 10 most purchased tokens among 2000 biggest BSC whales, indicating a surging interest in the smart contract platform.

Read Also: Cardano Shark Addresses Buying the Dip; Over 79 Million ADA Amassed in 30 Days

This was reported by WhaleStats, the tracker of 2000 largest BSC whales.

WhaleStats tweeted, “JUST IN: ADA Cardano is back on top 10 purchased tokens among 2000 biggest #BSC whales in the last 24hrs.”

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]]> Cardano (ADA) Total Value Locked (TVL) Attains All-time High of $137M as Developer Activity Surges https://timestabloid.com/cardano-ada-total-value-locked-tvl-attains-all-time-high-of-137m-as-developer-activity-surges/ Fri, 04 Mar 2022 04:13:17 +0000 https://timestabloid.com/?p=4100 Cardano (ADA), the largest proof-of-stake (PoS) blockchain, is currently experiencing a surge in network activity. On the network, there has been a massive increase in daily transaction volume. Many other metrics, including total volume locked (TVL), are showing that the smart contracts platform is growing steadily. Cardano network has recently attained another notable milestone in […]

The post Cardano (ADA) Total Value Locked (TVL) Attains All-time High of $137M as Developer Activity Surges appeared first on Times Tabloid.

]]> Cardano (ADA), the largest proof-of-stake (PoS) blockchain, is currently experiencing a surge in network activity. On the network, there has been a massive increase in daily transaction volume. Many other metrics, including total volume locked (TVL), are showing that the smart contracts platform is growing steadily.

Cardano network has recently attained another notable milestone in terms of total value locked (TVL), according to the data provided by DeFi LIama, a decentralized finance on-chain data analytic firm.

Read Also: Cardano-Based DEX SundaeSwap to Launch on Mainnet Soon. What to Expect After Launch

Going by the data shared, Cardano (ADA) has reached a new all-time high of $137.71 million across all decentralized exchanges (DEXs).

The data also reveals that the decentralized exchange SundaeSwap dominates the TVL by 85.73%, followed by Minswap with $17.72 million of the TVL.

Source: DeFi LIama

Cardano Developer Activity on the Increase

Activity on the Cardano network has been increasing lately, with the number of daily new addresses being created on the network jumping 167% on 18th February, a metric that on-chain analyst Ali Martinez said generally “precedes a spike in price volatility for ADA.”

Read Also: Cardano to Increase Its Network Block Size By 11%. Here’s Why This Is Important

The price of ADA has indeed seen its volatility surge, along with the rest of the crypto market. Its transaction volume and developer activity surged after the launch of SundaeSwap, which commands 85.73% of the total value locked on its DeFi ecosystem.

Data from Binance Research shows that contributions to Cardano’s GitHub have surged in November last year, ahead of its mainnet launch. Since then the number of addresses holding ADA also went up sharply, to hit a new 4.53 million all-time high last month, according to CryptoCompare’s latest Asset Report.

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