Cardano [ADA] celebrates this in silence as TVL bloodbath raises eyebrows
The Cardano community was already euphoric after the recent announcement of the Vasil Hard Fork launch date. But they now have another reason to celebrate as Cardano “reached another interoperability milestone”. The news came after the “lagon Ethereum-Cardano” bridge went live in a beta version.
As explained by the IAGON team, the purpose-made token bridge was built to enable the conversion of ERC-20 IAG tokens to CNT IAG tokens, so the tokens on the different blockchains (Ethereum and Cardano) can interact.The Cardano DeFi data on DefiLlama has become a cause of concern in the community. The total TVL across all Cardano protocols dropped by 9.24% on 27 May. At the time of writing, it stood at $116.44 million. This was a 60% drop-off from Cardano’s all-time high TVL of $326 million on 24 March.
Source
https://t.me/Cronos_Cardano_Ripple
