Cardano’s Total Value Locked Expected to Experience a Surge in the Near Future
TapTools has shared a tweet, stating that Cardano’s Total Value Locked (TVL) is expected to experience exponential growth due to its unique Proof of Stake (PoS) model, which is a secure, scalable, and eco-friendly solution. With Cardano’s smart contracts now live, it is possible for developers to build decentralized applications (dApps) on the platform, which would increase the TVL for ADA.
Furthermore, Cardano’s focus on financial inclusivity, real-world use cases, and partnerships with industry heavyweights, coupled with its growing community of developers, enthusiasts, and investors, will propel the TVL to new heights.
As of writing, ADA’s price is trading at $0.3894, up by 2.73% on a 24-hour basis, and has outperformed both Bitcoin and Ethereum. Despite the recent increase, the weekly performance of ADA remains in the negative at -1.02%.