Hoskinson Announces New Cardano Code as TVL Remains at $63 Million
(3 hours ago) · 1 source · Summarized by CryptoBipto
Charles Hoskinson has revealed new code developments for the Cardano blockchain. However, Cardano's total value locked (TVL) stands at approximately $63 million, highlighting a gap between technical development and actual usage of the platform's decentralized finance ecosystem.
WHY IT MATTERS
Think of a blockchain like a shopping mall. The developers are the construction crew building new stores and improving the infrastructure, while TVL (total value locked) is like the amount of money shoppers are actually spending inside those stores. Cardano's situation is a bit like a mall that keeps adding impressive new features but has relatively few shoppers compared to rival malls. TVL is an important metric in crypto because it shows how much real money people are trusting to a blockchain's applications. A low TVL relative to a project's ambitions can suggest that users have not yet found enough reasons to use the platform, even if the underlying technology is advancing.
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- cryptoslate.com
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