<ul><li>Cardano (ADA) has shown significant progress in its decentralized finance (DeFi) and stablecoin sectors despite facing challenges in the third quarter of 2024.</li><li>Cardano's Total Value Locked (TVL) in its DeFi platforms increased by 19% quarter-over-quarter, reaching $620 million, indicating growing trust and activity.</li><li>The stablecoin market on Cardano has expanded, with the total stablecoin market cap growing by 5.4% to $20.7 million.</li><li>Despite downturns in Q3, Cardano is preparing for major governance advancements and aims to become a leader in community-driven on-chain governance by 2025.</li></ul>

Cardano Makes Major Strides in DeFi and Stablecoins Despite Q3 Challenges

Discover more