Cardano

Minswap

Bitcoin

Djed

Chains

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Cardano is <a href="https://defillama.com/chains">positioning</a> itself as a contender among the top ten cryptocurrency chains by total value locked (TVL).&nbsp;
With a substantial month-on-month increase, Cardano's ascent shows a growing appetite among investors for alternatives to Ethereum and Solana.&nbsp;
<h2 id="the-top-chains-by-tvl">The top chains by TVL</h2>
<a href="https://u.today/ethereum-eth-network-hits-new-6-month-high-heres-how">Ethereum</a> continues to lead the pack with a TVL of $24.154 billion, despite a slight 0.25% decrease over the past day. It's followed by Tron and BSC.&nbsp;
Notably, Solana recorded a 32.68% increase over the past month, which points to a resurgence in investor confidence.&nbsp;
<a href="https://u.today/polkadot-dot-makes-cardano-announcement-what-does-it-relate-to">Cardano</a>, although ranking 11th, shows promising growth with a remarkable 53.22% one-month change. It now has $245.45 million in total value locked.&nbsp;
This major increase could hint at a potential shake-up in the DeFi hierarchy.&nbsp;
Notably, Bitcoin is now below Cardano with $238,75 million in TVL.&nbsp;
<h2 id="cardano-s-top-protocols">Cardano's top protocols</h2>
The rising TVL within Cardano is not without its champions. Indigo leads with a TVL of $57.26 million, followed closely by <a href="https://u.today/cardano-rockets-to-top-10-in-dex-volume-with-minswap">Minswap</a> at $55.58 million.&nbsp;
Both protocols have shown significant one-day and one-month increases, indicative of the vibrant activity within the Cardano network.&nbsp;
Other notable protocols include <a href="https://u.today/new-at-cardano-ada-liqwids-mainnet-should-arrive-this-week">Liqwid</a> and Optim Finance in the lending category, and Djed Stablecoin, which has seen a 43.93% rise over the past month.&nbsp;

Cardano Eyes Top 10 Crypto Chains by Total Value Locked

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