Cardano DeFi Booms: Stablecoins, New Protocols Drive Growth

Cardano’s decentralized finance (DeFi) landscape experienced a significant surge in the third quarter of 2025, driven by rising stablecoin usage and the emergence of new protocols. Total value locked (TVL), which reflects the amount of capital locked in DeFi platforms, climbed to $423.5 million, reaching its highest point since early 2022. This growth is attributed to increased liquidity from lending platforms, stablecoin projects, and newer decentralized exchanges.