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Cardano Surpasses $65 Million in DeFi TVL Amid IOG's Technical Progress

Guavy AI Editorial Team
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The Cardano network has reached a new milestone in its decentralized finance (DeFi) sector, with the total value locked (TVL) breaking records at $65.33 million.

This figure is close to the network's stablecoin market cap of $64.53 million, as reported by Dr. Cuadrado.

The small gap between these two measures is significant because it highlights the liquidity on the network and indicates that capital is entering the ecosystem.

The IOG development team has been working to improve the performance and scalability of Cardano's node, with recent updates including benchmarking of version 11.1.0 and addressing memory issues in the 11.1.1 patch release.

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