Cardano (ADA) price is defending the crucial $0.18 support level as activity across its decentralized finance ecosystem strengthens. Cardano DeFi TVL has increased by more than 14 million ADA since August 8, although weak institutional demand could limit the cryptocurrencys near-term recovery. According to DeFiLlama data, Cardanos total value locked climbed from 351.5 million ADA on August 8 to 365.73 million ADA, currently valued at approximately $66.65 million. The networks stablecoin supply has also expanded, rising from around $63 million on August 1 to $67 million. However, decentralized… Read more
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