Charles Hoskinson Cardano Founder Responds to Criticism from Avalabs Founder and CEO Emin Gün Sirer, who has criticized the slow growth in Cardano’s DeFi ecosystem, as reflected in TVL.
from the information of DefiLlama Cardano’s total valuation is $298.27 million, and without the inclusion of the regulatory tokens staked, Cardano’s TVL valuation would be approximately $219.42 million.
Total value lock (TVL) refers to the total value of crypto assets deposited in a decentralized finance (DeFi) protocol, with Cardano growing steadily in TVL since January. Following the launch of the Sundaeswap and Minswap projects, they have made a huge contribution to TVL.
Cardano has seen TVL grow nearly 500% since early 2022. Despite that growth, Cardano is far from chasing other big “Ethereum killers” such as Terra, Avalanche and Solana.
The post Charles Hoskinson retorts critics. About the growth of Cardano’s DeFi ecosystem appeared first on Bitcoin Addict.