Cardano ecosystem officially achieves historic milestone as total value locked in native tokens exceeds 520.41 million $ADAaccording to DefiLlama. The price has stabilized around $0.27, and the blockchain’s internal liquidity continues to increase systematically. This record is not a fluke of luck, but the result of the network’s long-term maturation, strengthened by major developments this year.
SEC win and how Cardano’s USDCx fuel skyrocketed ($ADA)
Perhaps the main event was the launch of USDCx, the long-awaited stablecoin that will enable a seamless connection between Cardano and the global cryptocurrency market. USDCx already accounts for 36% of the network’s overall stablecoin market share. With the presence of a trusted stablecoin, daily trading volume across Cardano DEX and Perps platforms has increased to a total of $374 million.
The second major development can be thought of as the eventual assignment of commodity-like status to assets. Although this decision was made recently, the increase in TVL suggests that ecosystem participants were expecting such an outcome.
After a lengthy legal investigation, the SEC officially clarified that: $ADA is not about securities, but rather removes the regulatory overhang that was constraining capital inflows. This clarity also explains why Cardano-based ETF products have not appeared before. Large funds can now use the Cardano protocol without hesitation, and can expect a steady influx of new liquidity.
If recent advances are properly leveraged, the billion milestone will be reached. $ADA Deployment on TVL could become a reality within the next few quarters. As mentioned earlier, the main drivers are USDCx adoption and regulatory clarity.
It’s also important to keep in mind the upcoming v11 hard fork. This will increase Cardano’s throughput to 1,000 TPS and is expected by the end of March.
