<ul><li>Cardano’s DeFi ecosystem is experiencing significant growth, with its total value locked (TVL) nearing an all-time high of $700 million.</li><li>Cardano saw a massive increase in TVL, adding over $400 million to reach $680 million as of press time.</li><li>In addition to TVL growth, Cardano's DEXs reported a trading volume of $22.35 million in the past day, the highest since December 2023.</li><li>Cardano's ADA token has gained over 20% in the past week, reaching a peak of $1.21 and becoming the ninth-largest digital asset globally.</li></ul>

Cardano DeFi TVL nears record $700 million, ADA skyrockets 20%

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