Cardano Stablecoin Supply Tops DeFi TVL by $11.27 Million
- —Cardano stablecoins total $69.2M versus $57.93M in DeFi TVL
- —USDCx accounts for 62.9% of supply at $43.52M
- —Cardano seven-day DEX volume fell 28.05% to $6.08M
- —24-hour DEX volume came in at $850,242
Why it matters: The gap signals idle liquidity on the network, but without incentives and stronger DEX activity it is unlikely to flow into DeFi protocols.
Source: Cryptonews.net