Cardano Sees Potential TVL Surge Following Midnight Sidechain Launch

Cardano is poised for significant growth in its Total Value Locked (TVL) after a major sidechain launch that took place last night. The initiative, dubbed ‘Midnight’, focuses on enhancing privacy with zero-knowledge proof technology and aims to attract billions of dollars worth of DeFi funds. Cardano founder Charles Hoskinson plans to drive this expansion through strategic investments, including integrations of assets like Bitcoin and XRP, promising substantial growth for the platform’s native token ADA.