The total value locked in the SundaeSwap exceeded $108 million
Cardano-based decentralized SundaeSwap Exchange has reached a new milestone, crossing the $108 million Total value locked (TVL). The total value of the locked represents the total value of the cryptocurrency assets embedded in the DeFi protocols. According to DeFi Llama data on February 13, the total value locked in this decentralized exchange exceeded $108.2 million, along with a significant increase in transactions in the Cardano network.
SundaeSwap is the first decentralized cryptocurrency exchange in the Cardano blockchain, and although it was launched last month, it has grown significantly and many traders are using the platform to exchange, trade and cultivate profits.