Cardano’s Total Value Locked Surpasses $700 Million, Marking a Major Recovery

The total value locked (TVL) on the Cardano (ADA) ecosystem has soared past the $700 million mark as it recovers from the cryptocurrency bear market that saw it drop to a $50 million low back in November 2022. According to DeFiLlama data, there are currently $709 million locked in smart contracts on the Cardano network,