Despite the recent market dip, Cardano’s decentralized finance (DeFi) ecosystem has seen a significant surge in activity, with transactions on Cardano DeFi apps soaring to 250,000 per epoch from 160,000 transactions during the previous epoch. This remarkable 56% increase in transaction volume has been attributed to the launch of new DeFi protocols on the network and the active community of developers and users driving innovation for the protocol. Cardano DeFi Challenges Market Slump According to Cardano Ambassador Yevhen, the latest hype around meme coins like Snek and Pepeblue has also contributed to the transaction surge. Snek is a crypto asset
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Author: coinmaker