Charles Hoskinson On How Cardano Could Have 3rd Largest DeFi TVL

Cardano’s debut in the decentralised finance (DeFi) field has been a success by all accounts, despite the fact that the network lacks the total value locked (TVL) to compete with the industry’s giants. However, this is owing to the figures used to determine the TVL that is aired to the general audience. Cardano Founder Says, Count Staked ADA Cardano may not be considered a pioneer in the DeFi field, but it is at the top of the list when it comes to the networks with the highest percentages of staked supply. Cardano has already seen billions of dollars committed on the network, with more than 72 percent of the total supply invested. But why isn’t this factored into official TVL figures? Staking ADA on the Cardano network, unlike most smart contract platforms, does not require a user to lock their assets for any period of time. Simply, while ADA holders can earn incentives for their staked coins, they can also move them whenever they wish. This does not appear to qualify these staked coins to be tallied for calculating a network’s TVL. Cardano founder Charles Hoskinson highlighted this mismatch in a recent tweet, explaining that if the number of staked ADA were counted regardless of whether they were locked or not, Cardano’s TVL would be substantially greater. According to Hoskinson, the network’s TVL would be moreover $19 billion if this was done. Fun Fact, if you counted the staked Ada, cardano's TVL would be over 19 billion d...