Cardano’s popular decentralized exchange TVL grows 10 times

The total value locked (TVL) on Cardano-based decentralized exchange Danogo has surged nearly 10x over the past seven days.
Leading Cardano-based decentralized exchange Danogo has highlighted a dramatic increase in the total value locked (TVL) on its protocol.
Danogo’s TVL surged nearly 10 times in seven days
Danogo noted in a post today that its TVL has surged nearly tenfold in the past seven days. Following this eye-popping milestone, Dango claims to be the leader among Cardano-based protocols with the largest change in TVL over the past seven days.
Data attached to the tweet showed that Danogo’s TVL surged 921.43% during this time, raising the total value of assets locked in the protocol to 4.1 million ADA (worth $1.84 million).
It is worth mentioning that Danogo is far ahead of the second-place project on the list. According to the data, Fluid NFT Collateral Lending ranked second with a 98.21% TVL surge in the past week.
In addition, Lenfi, Optim Finance, and Levvy ranked third, fourth, and fifth respectively, becoming the Cardano-based protocols with the largest TVL growth on the weekly list. The TVL changes of these protocols in the weekly list were 27.15%, 14.21%, and 12.22%, respectively.
Danogo lags behind in Cardano TVL rankings
As of now, the total value of assets locked in Cardano is approximately $251.33 million. Minswap, Indigo, and Liqwid are the three most prominent Cardano protocols, with TVLs of $68.08 million, $58.61 million, and $31.28 million, respectively.
Despite Danogo’s surge in TVL on the weekly chart, the decentralized exchange is still far from the leading Cardano protocol in terms of total value locked.
According to DefiLlama, Danogo is currently ranked 14th with a TVL of $2.07 million. The figure marks a 10.42% surge in 24 hours, 561% growth over the past seven days, and 365% monthly growth.
Danogo is a Cardano-based decentralized exchange that enables trading and listing of bond tokens issued by Optim without the need for any central intermediaries.
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