Cardano DeFi Growth Slows Despite Vibrant Developer Activity
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Cardano has the most substantial developer activity among blockchains, with 449 daily GitHub commits on average.
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Despite Cardano's vibrant development activity, its DeFi ecosystem has seen slow growth, with only a 0.62% increase in DeFi protocols.
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Cardano's DeFi trading volume declined by 21.58% in the last 24 hours, totaling $6.87 million.
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Stablecoin transfers on Cardano dropped by 9.15% over the past week.
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Cardano's total value locked in DeFi is $356.54 million, with Indigo protocol capturing almost 24% share amid anticipation of its V2 launch.