Cardano sees a remarkable 91% surge in DEX volume
Despite the impressive growth in DEX volume, Cardano's total value locked stands at 91.27 million, representing just 0.69% of the total across all platforms.
Ethereum continues to dominate the DeFi landscape with a TVL of $7.8 billion, accounting for 37.6% of the total. Binance Smart Chain and Arbitrum follow with 27.98% and 14.67% respectively. The surge in DEX volume coincides with a 4.6% increase in the price of Cardano's native token, ADA, over the last week. This positive price action and the significant growth in DEX volume underscore the increasing interest and activity in the
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