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Cardano has been seeing a strong growth in the DeFi sector with its new integrations - 2
ADA technical indicators are currently favoring a consolidated trend in price. It has seen a drop of 1.6% in the intraday session
Cardano is one of the biggest Proof-of-Stake platforms which has seen a strong growth in the past few years. Founded in 2017, its founder is Charles Hoskinson. Recently, the platform launched its Vasil upgrade, and introduced smart contracts on the Cardano ecosystem. This has pushed the user activity in the ecosystem.
ADA has a TVL of $181 Million, as per Defilama, …
Source: https://www.thecoinrepublic.com/2023/06/05/cardano-consolidates-despite-the-growth-in-its-defi-market/