{"id":172602,"date":"2023-03-17T17:26:20","date_gmt":"2023-03-17T17:26:20","guid":{"rendered":"https:\/\/precoinnews.com\/?p=172602"},"modified":"2023-03-17T17:26:20","modified_gmt":"2023-03-17T17:26:20","slug":"cardano-ada-tvl-up-over-82-since-start-of-2023-as-cardano-defi-grows-in-popularity","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cardano-ada-tvl-up-over-82-since-start-of-2023-as-cardano-defi-grows-in-popularity\/","title":{"rendered":"Cardano ($ADA) TVL Up Over 82% Since Start of 2023 As Cardano DeFi Grows in Popularity"},"content":{"rendered":"
On Thursday (March 16), a popular pseudonymous $ADA whale commented on the growing importance and popularity of Cardano\u2019s DeFi ecosystem.<\/p>\n
<\/p>\n
Yesterday, the prominent Cardano ($ADA) influencer \u201cADA whale\u201d (\u201ccardano_whale\u201d on Twitter) tweeted about the rapid growth of Cardano\u2019s TVL (363 million ADA, which is roughly $118.65, as of March 17, according to data from DefiLlama), and he said that for anyone serious about crypto, it would be stupid to ignore Cardano DeFi for \u201ctribalistic reasons.\u201d<\/p>\n
He went on to say that \u201cvolume may still be low for now, but outside money is now obviously flowing in.\u201d<\/p>\n
On the same day, crypto analyst Ali Martinez said that he had recently observed a surge in the volume of large $ADA transactions exceeding $100,000.<\/p>\n
This uptick could signify growing interest from institutional investors or whale traders, who may be accumulating $ADA or using it for significant transactions. As the Cardano ecosystem continues to develop and expand, this trend could indicate heightened confidence in the project\u2019s long-term potential.<\/p>\n
According to data from TradingView, currently (i.e., as of 3:38 p.m. UTC on March 17), $ADA is trading at around $0.3341, up 1.83% today and 33.73% in the year-to-date period.<\/p>\n
<\/p>\n