Staked Cardano (ADA) drops to 8-month low despite Vasil upgrade
Despite the community at Cardano (ADA) welcoming the Vasil hard fork with much anticipation, the grand update promising to improve the network scalability has so far failed to make significant traction in terms of staking value. As it happens, the total value locked (TVL) in Cardano has been steadily declining since its peaks in March.
Specifically, Cardano’s TVL at press time stood at $76.66 million, which represents a drop of 76.49% from a high of $326 million it had reached on March 24, 2022. The recent values have brought back the staking value of ADA to its January 2022 levels. ADA’s daily social mentions had reached a 90-day high of 52,470 as of September 23, adding up to a total of 2.32 million mentions at the time, as the data from the social intelligence.
Source
https://t.me/Cronos_Cardano_Ripple
