Back to News

Cardano’s Total Value Locked in January grew by over 9,000%

Twitter icon  •  Published 3 года назад on February 2, 2022  •  Hassan Maishera

According to the Cardano Foundation, the total value locked (TVL) on the blockchain in January was $75 million, up by more than 9,000%.

Cardano’s Total Value Locked in January grew by over 9,000%

The Cardano Foundation revealed its on-chain statistics for January in a Twitter post yesterday. According to the team, the total value locked (TVL) on the blockchain in January was $75 million, up by more than 9,000%. There were also nearly three million wallets created last more.

Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network with its inception dating back to 2015. It utilizes a modified version of UTXO (EUTXO) to accommodate support for smart contracts, which is currently under development.

ADA is up by more than 1% in the last 24 hours and is trading at $1.078 at press time.

El Salvador Marks Bitcoin Law Anniversary with Symbolic 21 BTC Purchase
Next article El Salvador Marks Bitcoin Law Anniversary with Symbolic 21 BTC Purchase

Author

Read Hassan Maishera's articles →
Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
PrimeXBT Banner