Snowfall Protocol (SNW) Breaks Record Highs as Cardano's (ADA) DeFi Sector Predicted to Explode in 2023 and Solana (SOL) Jumps Double Digits to reclaim $11
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The cryptocurrency market has been a rollercoaster ride in recent months, with various coins experiencing highs and lows.
In this article, we will delve into three major players in the market: Cardano (ADA), Solana (SOL), and Snowfall Protocol (SNW).
While Cardano (ADA) and Solana (SOL) have had their share of challenges, Snowfall Protocol (SNW) has been breaking records and impressing investors.Cardano's (ADA) decentralized finance sector has not been the strongest aspect of its ecosystem, as it only began offering convenient decentralized solutions in the latter half of last year.
This was partly due to the underlying technology used for transaction bookkeeping on the network. The current Total Value Locked (TVL) on Cardano's (ADA) network is $50 million, a significant drop from the all-time high reached in 2022 when the total value of assets on the network reached $350 million.
Read more on cryptonews.com
