$ADA: Total Value Locked on Cardano’s DeFi Ecosystem Drops to 8-Month Low

by Repost Admin October 7, 2022, 5:01 am 1.7k Views

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$ADA: Total Value Locked on Cardano’s DeFi Ecosystem Drops to 8-Month Low thumbnail

The total value locked (TVL) on the decentralized finance ecosystem of smart contract platform Cardano ($ADA) has dropped to an 8-month low amid a wider downturn in the total value locked on cryptocurrency networks, as investors move away from risk assets.

According to data from DeFi tracker DeFiLlama, the total value locked on the Cardano network is now at around $76 million, a value last seen in February of this year, before a wider market sell