Cardano plans to draw $200 million into DeFi via EVM integration
- —Target of $200 million in net DeFi TVL on Cardano over 12 months
- —120 million ADA allocated from the Cardano treasury for the program
- —Priority on EVM wallets and bridges with Ethereum, Base and Arbitrum
- —Separate focus on tokenized government bonds and on-chain lending
Why it matters: Success depends on capital flowing in from Ethereum and Base rather than existing ADA holders; failure would leave Cardano liquidity fragmented.
Source: DailyCoin