Amount of money locked in Cardano grew by 30% in 2023, here's key reason cardano cardanoada cardanocommunity cardanonft adausdt $ada
, Cardano's total value locked has increased by 30% since the beginning of the year. From less than $50 million at the start of 2023, it had risen to $64.7 million by the end of the first 10 days of January.Recall that TVL is one of the key indicators of a blockchain, showing how much is currently invested in it.
The higher the amount of value locked, the more the project is trusted, and the lower the risks of a dramatic collapse in staking or farming.has three projects leading the way, with a total value locked in at more than $10 million. The unconditional leader among them is decentralized project Minswap, with a TVL of $26.55 million and a corresponding domination of 41.05%.
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