Cardano community celebrates Bitcoin’s TVL surpassing. Bitcoin’s TVL at the time of writing is 176M USD while Cardano’s TVL is 182M USD. Cardano moved up to 15th in the rankings. Cardano is rising up in all the important metrics, and that’s a good thing. As exciting as this news is, it may not be something to celebrate. The road to success will be a long one. It’s healthy to see things in a reasonable context.
The TVL of all DeFi services on Cardano has essentially surpassed the TVL of Lightning Network which is used only for sending value. SC platforms compete for TVL, users, and market share at the utility level. TVL is not an all-encompassing metric and is not measured correctly.
Read the article: https://cexplorer.io/article/cardano-has-surpassed-bitcoin-s-tvl