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Cardano DeFi TVL nears record $700 million, ADA skyrockets 20% – TON BOT

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Cardano DeFi TVL nears record $700 million, ADA skyrockets 20%

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Cardano’s DeFi ecosystem is growing rapidly, with its TVL reaching $680 million, close to its all-time high of $700 million. The increase in TVL reflects investor confidence in the platform. Cardano’s DEXs also reported a trading volume of $22.35 million, the highest since December 2023. ADA token has gained over 20% in the past week, reaching $1.21, its highest price since 2022. The market capitalization of Cardano has exceeded $40 billion, making it the ninth-largest digital asset globally. Recent developments like Zero-Knowledge technology and decentralized governance have contributed to Cardano’s success in the crypto space.

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