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Behind the rise, fall, and rise of the TVL on Cardano (ADA) Behind the rise, fall, and rise of the TVL on Cardano (ADA)

Behind the rise, fall, and rise of the TVL on Cardano (ADA)

After a sharp 64% drop from ATH, Cardano has slowly been regaining tens of millions in TVL. We dig deep to find what's behind this recent volatility.

Behind the rise, fall, and rise of the TVL on Cardano (ADA)

Cover art/illustration via CryptoSlate

Cardano (ADA) has been fighting a vicious battle trying to secure its place in the DeFi market in the past few months.

Since the coveted Alonzo Hard Fork upgrade in September 2021, the development efforts at IOHK, EMURGO, and the Cardano Foundation had ramped up, culminating at the end of March when the blockchain reached its all-time high in total value locked (TVL).

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