Cardano-based DeFi protocol Indigo briefly ranked among the many prime 10 decentralized finance (DeFi) protocols. The protocol permits customers to commerce digital variations of actual property on the blockchain, increasing the scope of potentialities within the DeFi house.
MakerDAO maintains its dominance on the helm with a TVL of $4.78 billion. JustStables is subsequent with a TVL of $1.644 billion. Rounding out the highest three was Liquity, a decentralized borrowing protocol that managed to lock in $648.34 million in property.
The Cardano community is seeing a surge in DeFi adoption. The chief is Minswap, a decentralized alternate with a TVL of $47.62 million. Indigo is available in second with a TVL of $46.94 million. They’re adopted by lending platforms Liqwid and Optim Finance with TVL of $21.21 million and $13.16 million respectively.
Picture: The Crypto Primary
