Cardano’s ADA price has surged over 240% in the past 30 days, reaching US$1.19, a level last seen in mid-2022.
Cardano’s DeFi ecosystem has reached an all-time high TVL of over US$700M, marking a 232.3% increase in 30 days and a dramatic recovery from a low of US$50M in November 2022.
The implementation of new technical features, a broader crypto market rally, and Hoskinson’s comments on US policies are some of the factors driving this growth.