![Cardano’s [ADA] TVL growth seems non-negotiable, but can it reclaim $300M](https://coinlocally.com/e-learning/wp-content/uploads/2023/04/Cardanos-ADA-TVL-growth-seems-non-negotiable-but-can-it-reclaim-300M-1024x576.jpg)
Due to alliances, developers, partnerships, and Cardano’s willingness to enter new areas, the Total Value Locked (TVL) of the cryptocurrency has increased by 26.28% over the past 30 days. The question of whether Cardano can recoup its ATH, which was once above $300 million, has been posed in light of the year-long decline in TVL. The chains of the Cardano protocol have seen more unique deposits, and the TVL expansion also includes dApp-related activity. JPG.store, a Cardano NFT marketplace, reports that a large number of collections have seen increases in volume. According to Santiment’s data, the number of NFT trades has surpassed the previous high of 7.92 million set between April 5 and 7.
However, over the past 30 days, development activity has halted and the number of active addresses has decreased.While the price of ADA has increased by 3.01% over the past 24 hours, just 25% of token holders are now making money. 68% of holders of ADA paid more than the press time price for their shares.
