Cardano published its latest weekly development report, highlighting key technological enhancements over the past week.
Cardano [ADA], one of the largest proof-of-stake (PoS) blockchains, experienced a strong rebound in DeFi activity in 2023 after emerging from the depths of the 2022 bear market.
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Since the start of the year, Cardano’s total value locked (TVL) tripled in value to $210 million at press time. As per DeFiLlama, Cardano was one of the best performing chains in the last 30 days, logging a growth rate of 12.55%.
Source: DeFiLlama
Cardano’s DeFi achievements provided sufficient boost to native token ADA, which rose by 3.61% over the past week and exchanged hands at $0.3776 at the time of writing, data from CoinMarketCap showed.
A big factor spurring Cardano’s mainstream adoption was the work put in by its pool of developers.
Source : [Cardano at a crucial juncture: What it means for ADA](ambcrypto.com/cardano-at-a-crucial-juncture-what-it-means-for-ada/) by Suzuki Shillsalot - Cardano Ecosystem ADA•AMBCrypto by Suzuki Shillsalot / June 03, 2023
