There has been no slowdown in Cardano ecosystem bullish actions. Cardano’s decentralized finance (DeFi) protocols have reached a new all-time high of moreover $134 million in total value locked (TVL) today.
Cardano’s TVL and DEXs are increasing
TVL for Cardano’s DEXs has surpassed its previous high of $130 million, according to statistics from the DeFi TVL aggregate, Defillama. Staked governance tokens are included in the TVL valuation on the Defillama dashboard, which raises the TVL value of Cardano even further. TVL on Cardano now stands at about $209 million after the adjustment. However, at the time of this writing, the live TVL of the proof-of-stake blockchain was roughly $133.
SundaeSwap is the most popular Cardano decentralized exchange tracked by Defillama. With nearly $116 million in TVL, SundaeSwap retains a monopoly of 88.77 percent of the market. There was a 72.43 percent growth in DEX’s TVL over the last month.
Another AMM DEX, MinSwap, is expected to go live on the mainnet later this month and pose a threat to SundaeSwap’s hegemony. Even before its Liquidity Bootstrapping Event (LBE), MinSwap has already invested roughly $12 million in television tokens (TVL).
Other positive signs, like the rise in the number of Cardano blockchain wallets in use, support the bullish TVL trend. According to Cardano Blockchain Insights, there were an average of 5,000 new active wallets each day in February.
Predicted ADA prices are now more optimistic than ever before
There have been numerous positive network signs in the previous month; nonetheless, ADA’s price has fluctuated between $1.26 and $0.75. ADA is currently trading at $0.94, down 3.05 percent for the day. According to market capitalization, the 9th-largest cryptocurrency by market capitalization is currently down 28.1 percent year-to-date.
Analysts, on the other hand, are sticking to their optimistic positions on ADA. By the end of 2025, Finders’ team of fintech experts anticipates the price of ADA to rise to $8.18, according to one of the most recent projections.