Cardano (ADA) decentralized finance (DeFi) ecosystem is flourishing, reaching a new annual high in Total Value Locked (TVL) of $180 million. Concurrently, the TMS Network (TMSN) is gaining significant ground in the crypto arena, carving out its unique niche and establishing a solid market presence. In the background, the SHIB Army – the vibrant community of Shiba Inu token holders – has been engaging in persistent token burns, obliterating billions of SHIB tokens weekly.
Cardano (ADA) DeFi Activities Witness Record High TVL as TMS Network (TMSN) Claims Significant Market Share
Cardano (ADA) Total Value Locked (TVL) has risen to an impressive $180 million, according to DeFillama data, reaching its highest point since May 2022. The surge has been primarily driven by activities in the Cardano (ADA) Decentralized Finance (DeFi) ecosystem which recorded an all-time high of 463 million Cardano (ADA) tokens. The consistently growing TVL, coupled with an increasing Decentralized Exchange (DEX) volume, suggests a flourishing DeFi landscape on the Cardano (ADA) network.
Top protocols like MinSwap, Indigo, and Liqwid have contributed significantly to this growth. MinSwap, with a TVL of $65.87 million and an increase of 33.5% in unique active wallets in the past week, stands out as the largest Cardano (ADA) DeFi protocol. The collateralized debt protocol Indigo and lending protocol Liqwid have also reported an increase in their TVLs. With Cardano (ADA) prices witnessing a 3.3% rise in the last week, Cardano (ADA) promising DeFi activities show no signs of slowing down.
Shiba Inu (SHIB) Army Incinerates Billions of Tokens in Consecutive Weekly Burns
In recent weeks, the Shiba Inu (SHIB) Army, the passionate community of Shiba Inu (SHIB) token holders, has consistently burned billions of Shiba Inu (SHIB) tokens. With Shibburn, a crypto tracker, the burn rate has increased, reporting the destruction of 4,060,596,531 Shiba Inu (SHIB) tokens over the last seven days. This substantial burn follows a trend observed over the past month: at least one or two billion Shiba Inu (SHIB) tokens were consistently removed from the circulating supply each week.
Despite this, the consistent and substantial burns and the recent launch of Shibarium beta Puppynet have yet to significantly impact the Shiba Inu (SHIB) price. However, these burns have influenced the green zone position of the Shiba Inu (SHIB)price, showing a slight uptick. As large Shiba Inu (SHIB) holders, colloquially known as whales, acquire a staggering 100 billion Shiba Inu (SHIB) coins, the community anticipates this activity’s impact on the token’s value and market dynamics.
TMS Network (TMSN): Redefining Crypto Landscape with Significant Market Capture
Establishing a distinct position in the global crypto arena, the TMS Network (TMSN) is progressively accruing substantial market share. Leveraging its unique features and promising attributes, TMS Network (TMSN) provides traders an edge by facilitating direct derivative trading using cryptocurrencies. Users retain complete control over their assets by connecting their digital wallets to the TMS Network (TMSN) while conducting transactions smoothly.
TMS Network (TMSN) transcends being a mere trading platform by offering an attractive investment opportunity. By possessing tokens, investors stand to gain from commissions derived from the platform’s extensive trading volume, spanning a variety of tradeable assets, including cryptocurrencies, equities, foreign exchange (FX), and contracts for difference (CFDs). Moreover, TMSN’s compatibility with MT4 and MT5 platforms amplifies its expansive ecosystem, solidifying its foothold in the crypto sphere.
Currently in its presale phase, TMS Network (TMSN) has an enticing token price of $0.104, supplemented by a limited-time 50% bonus. Market analysts predict a promising future for TMS Network (TMSN), estimating its value to skyrocket to $2.20 by the end of 2023. This projected bullish trajectory underscores TMS Network (TMSN) rapidly growing dominance in the market and promises a significant impact on the blockchain sector in the foreseeable future.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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