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DOMAINS TOKEN-G

Ronald Maguire

29 May 2022 293 Read Crypto , Altcoins , Blockchain

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Cardano TVL Drops $205M After ATH

TVL on the Cardano blockchain has dwindled in recent days as a result of the cryptocurrency market correction. On March 24, 2022, Cadano had an all-time high TVL of $326 million. Currently, there are close to $121 million TVL on the Cardano blockchain. Cardano (ADA), the eighth most valuable cryptocurrency by market cap, is a proof-of-stake blockchain that supports dApps and smart contracts.

Cardano Lost Close to 70% of TVL

Both price and TVL continue to decline in Cardano. ADA, which has lost 10% in the last week, is currently trading at $0.476.

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