Cardano holds $62M in DeFi against $8.15B market cap — just 0.76%
- —Cardano TVL is $62M versus $49.59B on Ethereum and $5.87B on Solana
- —TVL-to-market-cap ratio: Tron 17.52%, Ethereum 16.94%, Cardano 0.76%
- —Cardano DEX volume runs about $927K a day, with daily fees near $2,196
- —ADA at $0.2169 is down 8.11% on the week and 93% below its $3.09 peak
Why it matters: With almost no capital locked in its apps, ADA's valuation rests on expectations for the Leios upgrade rather than current on-chain usage.
Source: CryptoTicker