Cardano’s DeFi total value locked (TVL) rose in the last 24 hours, marking gains among networks tracked in this metric. This follows the launch of the USDCx stablecoin on the network, which experts noted provides a huge boost for DeFi on the network.
Cardano’s DeFi total value locked (TVL) rose in the last 24 hours, signaling gains among networks tracked in this metric. The rise follows the launch of the USDCx stablecoin on the Cardano network, which experts say provides a substantial boost for DeFi on the network.
DeFi activity on Cardano is expected to benefit from increased liquidity and stability brought by USDCx, potentially attracting more users and protocols to the ecosystem. This latest development highlights growing momentum for Cardano’s DeFi sector and places it among networks recording notable TVL improvements. Overall, the USDCx deployment marks a meaningful milestone for Cardano’s DeFi landscape, underscoring a broader trend of rising TVL as stablecoins expand cross-chain utility.
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