What Role Does Cardano Play in Decentralized Finance (DeFi)?

What Role Does Cardano Play in Decentralized Finance (DeFi)?

Blog Article

Cardano’s smart contract functionality enables the development of DeFi applications, allowing users to trade, lend, and borrow assets without intermediaries. Platforms like Minswap, SundaeSwap, and Meld are building decentralized exchanges (DEXs) and lending protocols on Cardano. Unlike Ethereum, Cardano’s scalability and low fees make DeFi more accessible to users worldwide. As adoption grows, the demand for ADA increases, making it essential to track the ADA price to understand market trends.