The total value of assets locked (TVL) in Cardano’s DeFi ecosystem surged by 20% over the last 24 hours to $65.91 million, according to Defillama data.
Cardano’s DeFi TVL fell below $60 million on Nov. 10, 2022, finishing the year below the threshold. However, the ecosystem has made a gradual comeback since the start of the new year after a 35.66% surge over the last seven days.
Minswap dominates Cardano DeFi
The major DeFi protocol on Cardano is the decentralized exchange (DEX) Minswap — which accounts for 41.02% of all of the ecosystem’s TVL, according to Defillama.
Minswap’s (MIN) TVL rose by 22% over the last seven days and 13% over the last 24 hours. The last notable fund inflow to the protocol was on Dec. 27, 2022, when over $615,000 was deposited. However, since Jan. 1, the protocol has seen over $2 million in outflows.
The DEX native token MIN also reacted positively to the increased TVL — rising by over 15% over the last 24 hours to $0.01401.


ADA rallies
In light of the TVL jump, Cardano’s native token ADA was one of the best-performing digital assets amid a general market uptrend over the last 24 hours — increasing by over 15%.
ADA rose to as high as $0.34 before retracing to its current level of $0.32 as of press time, according to CryptoSlate data.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://cryptoslate.com/cardano-defi-tvl-jumps-20-ada-token-rallies/
- 000
- 1
- 10
- 15%
- 2022
- 7
- a
- access
- According
- Account
- Accounts
- Action
- activity
- ADA
- advice
- After
- All
- Amid
- and
- article
- Assets
- avatar
- before
- below
- Bitcoin
- blockchain
- blockchain industry
- Buying
- Cardano
- CEXs
- Comeback
- considered
- content
- cryptocurrencies
- CryptoSlate
- Current
- data
- Days
- decentralized
- Decentralized Exchange
- DeFi
- DEFI PROTOCOL
- DeFi protocols
- deposited
- Dex
- DEXs
- digital
- Digital Assets
- diligence
- dominates
- ecosystem
- endorse
- exchange
- Finally
- from
- fund
- General
- Global
- gradual
- High
- high-risk
- holds
- HOURS
- However
- HTTPS
- in
- increased
- increasing
- industry
- information
- Invest
- investment
- items
- Jan
- journalist
- jump
- jumps
- Last
- latest
- Level
- light
- linked
- locked
- logo
- lose
- made
- major
- Market
- max-width
- mentioned
- million
- MinSwap
- money
- native
- New
- new year
- notable
- ONE
- Opinion
- Opinions
- outflows
- own
- plato
- Plato Data Intelligence
- PlatoData
- please
- power
- press
- Profile
- project
- protocol
- protocols
- rallies
- Read
- reflect
- related
- responsibility
- rising
- ROSE
- seven
- should
- since
- start
- surge
- Surged
- takes
- taking
- The
- the information
- their
- threshold
- Through
- time
- to
- token
- top
- Total
- trade
- Trading
- Trading cryptocurrencies
- transformative
- TVL
- uptrend
- value
- Wallet
- within
- year
- You
- Your
- zephyrnet