Cardano has $62 million in DeFi against an $8.15 billion market value: what matters now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Cardano's applications hold $62 million while the token is valued at $8.15 billion. That is 0.76 percent, the lowest share among the eleven blockchains we compared.Cardano ranks among the larger cryptocurrencies by market value, yet the applications on its own blockchain hold just $62 million. Measured against a market capitalisation of $8.15 billion, that is 0.76 percent. Among eleven large blockchains that cryptoticker.io compared for this article, it is the lowest figure of all. Tron reaches 17.5 percent, Ethereum 16.9 percent, and even the far smaller Algorand 3.3 percent. For investors, this is no footnote. It goes to the question of what the price of ADA actually rests on. A network whose applications tie up almost no capital does not earn its keep from fees. It lives on the expectation that this will change. That is precisely the expectation Cardano founder Charles Hoskinson has been feeding again in recent days. Cardano week on week: ADA at $0.2169 after an 8.11 percent ...