Cardano DeFi Holdings Equal 0.76% of ADA’s $8.094 Billion Market Cap
Photo: TokenPost
Cardano’s tracked decentralized finance protocols held $61.34 million in assets at 7:25 a.m. ET (11:25 UTC) Oct. 20, a sum equal to 0.76% of ADA’s $8.094 billion market capitalization. The percentage compares two different totals. Total value locked (TVL) adds the dollar value of assets held by tracked protocols, while market capitalization reflects ADA’s price and circulating supply. It compares protocol balances with the market value of the circulating token supply; it does not count how many ADA holders use DeFi. Asset prices can change the dollar value of TVL even when there are no deposits or withdrawals.
Source: TokenPost
