Cardano’s TVL is also facing slight increase of 3.12% in past 24 hours
According to DeFi data tracker DefiLlama, FluidTokens, a DeFi lending platform that allows users to lend or borrow with CNFT as collateral, has seen stunning growth in total value locked (TVL).
At the time of publication, the FluidTokens platform was demonstrating a growth of 16.47% in the last seven days and nearly 54,000% in the past month.
Cardano’s TVL is also facing a slight increase of 3.12% in the last 24 hours to 137.21 million (with the inclusion of staking). However, without staking, TVL recorded only 111.69 million. The aggregate value of crypto assets placed in a decentralized finance (DeFi) system – or DeFi protocols in general – is referred to as total value locked (TVL).
WingRiders is the largest of the Cardano decentralized exchanges tracked by DefiLlama. With approximately $48.99 million in TVL, WingRiders retains 35.71% market dominance.
Cardano’s Djed Sees New Partnerships
Another collaboration between Iagon and Djed, Cardano’s oversized algorithmic stablecoin, has been made public through the COTI network. A decentralized storage platform is currently being developed by Iagon, and Djed will play an important role in the overall business process.
Djed will be adopted as a storage exchange payment method on Iagon’s shared storage economy platform as a result of this collaboration.
Beginning of July, COTI announced a partnership for Djed with the real estate company Kirkstone. Kirkstone users can use Djed to make a rent payment after onboarding.
According to WhaleStats, ADA has returned to the list of top 10 purchased tokens among the 2,000 biggest BSC whales in the last 24 hours.
At press time, ADA was changing hands at $0.41, down 2% in the last 24 hours.
