CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Cardano DeFi TVL Slips Below Base Chain as ADA Declines

27.08.2023
A A
0
122
VIEWS
ShareShare

Cardano’s unwavering dominance in the DeFi market faces unexpected competition as Base Chain, a newly formed network, soars past it with astounding growth.

Base Chain Is a Rising Star

Base Chain’s meteoric rise has enthralled the cryptocurrency and DeFi communities just weeks after its launch on August 9th. Notably, this newcomer has not only attracted the attention of industry titans such as Coca-Cola but has also managed to outperform Cardano, a seasoned veteran, in various ways.

Base Chain is a testament to rapid user acceptance, surpassing 1 million users in less than two weeks. Its popularity is apparent, with a startling 100,000 daily active members. Due to its fast expansion, base Chain has outperformed Cardano in several categories, including Total Value Locked (TVL) and the number of protocols supported.

A Look at the Figures

Cardano’s DeFi TVL is valued at $160 million, ranking 14th overall. On the other hand, Base Chain has a TVL of $184 million and is ranked 12th. What’s surprising is that, despite Cardano’s early lead, Base Chain’s DeFi ecosystem has grown four times its rival’s size, supporting 79 protocols to Cardano’s more modest 24.

Furthermore, Base Chain’s Layer-2 network has surpassed Cardano with Friend regarding the user base. So, a Base Chain DApp boasts over 40,000 daily users. Base Chain’s network activity has likewise topped that of Cardano, performing more transactions in its first week than Cardano does in an entire month.

When comparing apples with oranges

However, it is critical to understand the underlying differences between the two chains. Cardano’s systematic approach is rooted in its own Proof-of-Stake chain, distinguishing it from most other blockchains. This distinguishing feature limits its interoperability with most DeFi projects, mostly built on Ethereum.

On the other hand, Base Chain functions as a Layer-2 chain atop Ethereum, allowing access to a more excellent range of well-established DeFi protocols. Base Chain is compatible with Uniswap, SushiSwap, Stargate, and other platforms, giving it a competitive advantage.

Cardano’s Resilience in the Face of Adversity

While Base Chain’s exponential rise is making headlines, Cardano is still in the game. Despite recent market setbacks that caused the value of ADA to fall by 18%, its DeFi TVL remains at an all-time high, over 600 million ADA. If the price of ADA can be restored to pre-market crash levels, a DeFi TVL of $186 million is well within sight, potentially outpacing Base Chain once more.

Nonetheless, unfavorable market circumstances and diminishing network activity pose hurdles for Cardano, raising investor fears.

Base Chain’s quick development in the ever-changing cryptocurrency world poses a significant challenge to Cardano’s DeFi dominance. As both systems continue to manage market volatility, the question is whether Cardano can retake its lead or whether Base Chain’s momentum will prove impossible.

The post Cardano DeFi TVL Slips Below Base Chain as ADA Declines appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC
Blockchain

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
0

Skip to content

Read moreDetails
Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift

Tether USDT: Massive 1 Billion Minting Sparks Crucial Market Shift

04.07.2025
Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

Hancom With Pioneers RWA Space with Gold-Backed Stablecoin

03.07.2025
Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

03.07.2025
Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

30.06.2025
Load More
Next Post
Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

British Man Lost $100K in a Crypto Scam but There was a Happy End (Report)

2 years ago
Crypto Exchange Traffic Climbs 8% With Renewed Investor Attention – Bull Market Starting?

Crypto Exchange Traffic Climbs 8% With Renewed Investor Attention – Bull Market Starting?

8 months ago
Darknet Marketplace Huione Reportedly Still Active Despite Website and Telegram Shutdown

Darknet Marketplace Huione Reportedly Still Active Despite Website and Telegram Shutdown

4 weeks ago
XRP Worth $225m in Mystery Move as Ripple Token Flips BNB And Price Soars to $1.76, Next Stop $5?

XRP Worth $225m in Mystery Move as Ripple Token Flips BNB And Price Soars to $1.76, Next Stop $5?

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Non-Custodial Solution Launched for Global and Local Payments in Stablecoins

Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

Bitcoin ETFs Soar: US Spot Funds Witness Astonishing $216M Inflows

Trending

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports
All news

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

08.07.2025
0

NFT trading volumes plummeted for the fifth consecutive quarter, declining 80% to $823 million in Q2 2025...

AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

08.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

08.07.2025
Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

Ego Death Capital Raises $100M to Back Bitcoin-Focused Startups

08.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz