The post Cardano (ADA) Community Defends Network’s Potential Despite Criticism appeared first on Coinpedia Fintech News
The Cardano (ADA) ecosystem is thriving and expanding, with a vibrant community of members who are led by an ADA whale.
Recently, popular crypto analyst Lark Davis made accusations of slow DeFi growth within the Cardano network, citing a lack of operating decentralized applications (Dapps) and low average daily transactions of approximately 70,000.
However, the community has united in its defense of the network, citing its potential for growth and strong market performance, as evidenced by its current market capitalization of $11,673,770,289 and 24-hour trading volume of $488,542,533.
Additionally, data from Defillama indicates that the total value locked in the Cardano ecosystem is approximately $67.87 million, with top DeFi projects on the network including Minswap, Indigo, WingRiders, SundaeSwap, and MuesliSwap, which boast TVL of $27M, $11.77M, $11.01M,
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