📊 Cardano DeFi Ecosystem – TVL Breakdown (July 2025)

Total Value Locked (TVL) across Cardano DeFi: **$250M+**

🧠 18 active projects are driving Cardano’s decentralized economy.

Here are the **Top 10 projects by TVL** – what they do and why they matter:

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🔹 **1. Minswap (MIN)**

Cardano’s #1 DEX – token swaps, liquidity pools, farming.

*Think: Uniswap of Cardano.*

🔹 **2. Indigo (INDY)**

Synthetic assets protocol (iBTC, iETH).

*Like Synthetix but on Cardano.*

🔹 **3. Liqwid (LQ)**

Borrow/lend protocol with on-chain collateral.

*Cardano’s version of Aave.*

🔹 **4. Lenfi (LENFI)**

Lending + NFTs + P2P finance.

*Advanced, modular lending.*

🔹 **5. Djed Stablecoin (DJED)**

Overcollateralized algorithmic stablecoin backed by ADA.

*Built with COTI.*

🔹 **6. MuesliSwap (MILK)**

DEX with order book model + yield farming.

*Hybrid experience: DEX + CEX feel.*

🔹 **7. WingRiders (WRT)**

DEX with hardware wallet support + bridges.

*Focused on security & usability.*

🔹 **8. Optim Finance**

Yield optimizer – auto-compounds DeFi strategies.

*Cardano’s Yearn.*

🔹 **9. SundaeSwap V2 (SUNDAE)**

One of Cardano’s OG DEXs, now upgraded.

*Simple, clean AMM design.*

🔹 **10. VyFinance (VYFI)**

Split into Vaults (auto-farm) and Dex (swap).

*Community-first DeFi stack.*

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💬 TL;DR:

Cardano’s DeFi scene is heating up. Minswap dominates, Indigo brings synthetics, and Liqwid leads lending.

If you're stacking $ADA – keep your eyes on these protocols.

⚠️ This is not financial advice – research before interacting with protocols.

#Write2Earn #CardanoDeFi #TVLReport #CryptoEcosystem #ADAprojects