Cardano DeFi TVL Surges Past Stablecoin Market Cap, IOG Unveils Tech Advances

Cardano's DeFi total value locked (TVL) has reached $65.33 million, nearly matching its $64.53 million stablecoin market cap.

This milestone comes as IOG reports progress on several key technical developments across the Cardano ecosystem.

The development team has made significant strides in improving node performance and tracing, with benchmarking tests showing lower CPU usage but higher resident memory use.

IOG is addressing these issues through patch releases, such as the 11.1.1 update, to improve overall system efficiency.