Behind the rise, fall, and rise of the TVL on Cardano (ADA)

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Cardano (ADA) has been fighting a vicious battle trying to secure its place in the DeFi market in the past few months.

Since the coveted Alonzo Hard Fork upgrade in September 2021, the development efforts at IOHK, EMURGO, and the Cardano Foundation had ramped up, culminating at the end of March when the blockchain reached its all-time high in total value locked (TVL).

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