Cardano Node Upgrade to boost Performance, DeFi TVL has Tripled Year-to-Date

Cardano Node Upgrade to boost Performance, DeFi TVL has Tripled Year-to-Date

Cardano recently released Node 8.1.1, which is expected to enhance the performance of Cardano’s network, especially for stake pool operators (SPO). The upgrade, released to Cardano’s mainnet on June 19, offers significant improvements in epoch boundary performance and corrects previous concerns with P2P/DNS.

The Cardano ecosystem’s interest is growing, with a significant increase in the network’s total value locked (TVL). Cardano’s DeFi TVL has increased almost 3x from $50M in the begining of the year to $147M, according to data from defillama.

It is worth noting that this increase comes despite the U.S. SEC potentially classifying Cardano as a security in their June 5 lawsuit against Binance. Several exchanges have also delisted ADA in recent days following regulatory uncertainty.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Cardano

In This Article

Related News
Cardano Users will soon have Access to Ethereum dApps through Milkomeda Cardano Users will soon have Access to Ethereum dApps through Milkomeda
Cardano DeFi TVL Doubled Fueled By the Newly Launched Stablecoin $DJED Cardano DeFi TVL Doubled Fueled By the Newly Launched Stablecoin $DJED
Cardano Developer Launches Proof of Concept EVM Sidechain Public Testnet Cardano Developer Launches Proof of Concept EVM Sidechain Public Testnet
Cardano-based Decentralized Stablecoin $DJED Live on Mainnet Cardano-based Decentralized Stablecoin $DJED Live on Mainnet
Data: $ADA Price Goes Up by 20.68% Over Last 24 Hours Data: $ADA Price Goes Up by 20.68% Over Last 24 Hours
Latest News More More
18 Hours Ago DA Project Avail Confirmed Token Airdrop Plan
19 Hours Ago Tether to Launch New Businesses, Tether Data, Tether Finance, Tether Power, and Tether Edu
1 Day Ago Lido Finance Implemented Simple Distributed Validator Technology (DVT)
1 Day Ago Real Opportunity for Runes only Comes After the Initial Hype
1 Day Ago Worldcoin Announced "Human Centric" Blockchain World Chain
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open