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Cardano (ADA) Deposits See Huge Change; Genesis Impact To Worse? – Crypto News
Cardano (ADA) News Updates: While the Digital Currency Group (DCG) is in the news for its exposure to FTX, several cryptocurrencies are seeing major changes. Over the last two weeks, most cryptocurrencies including Cardano (ADA) are following a downward curve. Meanwhile, the deposits into decentralized protocols are increasing as fears over the Genesis insolvency rise. It remains to be seen if the impact of the FTX related contagion would spread to worsen the market situation.
Rise In Cardano Total Value Locked
According to data from DefiLlama, Cardano total value locked (TVL) rose significantly in recent times. In the last 24 hours, the TVL rose by over 5%, taking the amount to $53.61 million. Total value locked is the value of assets staked in DeFi protocols.
The post Cardano (ADA) Deposits See Huge Change; Genesis Impact To Worse? appeared first on CoinGape,
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