The Cardano ecosystem is experiencing a DeFi summer. It is a period that can be compared to the arrival of Ethereum on the scene. Every statistic you look at is rising. The number of newly launched apps is growing and this is starting to accelerate. This is attracting new users to the ecosystem. As a result, Total Value Locked (TVL) is growing as well as the number of transactions, fees collected, network load, etc. Cardano is stress tested and doing very well so far. And this is just the beginning. Some long-awaited apps are yet to launch. Seeing this growth during the ongoing crypto winter is very promising. The Cardano ecosystem is poised to explode during the next bull market. If everything works out as expected, Cardano will become a project that stays on the scene for a very long time. Cardano has tremendous power to retain users who join.
TLDR
Cardano is not an EVM clone. The developers had to understand the Extended-UTXO model and deal with concurrency. It is an achievement that so many great applications have been created so quickly. Evolution is very fast and Cardano is experiencing organic growth.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/the-cardano-defi-summer-has-arrived