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
Hacked Cardano Foundation X account posts fake token, false SEC lawsuit notice Hacked Cardano Foundation X account posts fake token, false SEC lawsuit notice
Cardano Expects Chang Hardfork this Month, Bringing On-Chain Community Governance Cardano Expects Chang Hardfork this Month, Bringing On-Chain Community Governance
Cardano to Include CIP-69 in the Next Upgrade, Usher the ‘Voltaire’ Governance Era Cardano to Include CIP-69 in the Next Upgrade, Usher the ‘Voltaire’ Governance Era
Latest News More More
23 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
1 Day Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open