Cardano founder Charles Hoskinson has unveiled a strategy to boost the network's total value locked (TVL) to potentially billions of dollars. Key to this plan are the Midnight sidechain and the RealFi project, both designed to enhance Cardano's DeFi capabilities. Midnight, currently in its testnet phase, aims to attract multi-chain interest and increase DeFi activity on the platform.
Hoskinson also highlighted the potential of integrating Bitcoin and XRP into Cardano's DeFi ecosystem, estimating these could unlock $15 billion and $100 billion in TVL, respectively. The overall implementation of these initiatives is projected to cost around $100 million, marking a significant investment in Cardano's growth strategy.
Cardano Targets Billions in TVL with Midnight and RealFi Initiatives
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
