Cardano’s TVL and DeFi activities have grown significantly, with TVL increasing by 166% month-on-month and stablecoin value increasing by 37%. Cardano’s position in the cryptocurrency field has become increasingly prominent. Automated market maker Minswap and new entrant Indigo performed well, demonstrating the active development of the DeFi ecosystem. Cardano’s innovation and partner chains, such as the Midnight sidechain, as well as the advancement of community engagement and governance project Project Catalyst, bring continued growth to its ecosystem.