The Cardano ecosystem has been generating a sustained increase in its presence in decentralized finance since it started in 2023. It has already passed $190 million as a total value locked, going from $184 million to $196 million on May 24 and At the time of writing this note it decreased to 191.6 million dollars.
An important point to consider in decentralized finance protocols is that the higher the price of the native token of the network or protocol in question, the higher the TVL will be, but this does not imply greater adoption of the protocol.
