Cardano and Algorand TVL Outperform Most Other Projects in Bear Market
According to a recent tweet, the total value locked (TVL) in the native asset of both Cardano and Algorand has outperformed most other projects in the bear market. In fact, both of these blockchain projects have even beaten out Ethereum in terms of TVL retention.
This is significant because it means that there has almost never been a better time to deploy on these chains. In addition, developers can even deploy their dApps as-is if they are written in Solidity thanks to Milkomeda being deployed on both chains.
Cardano is a decentralized public blockchain and cryptocurrency project that is focused on providing a secure and scalable platform for the deployment of smart contracts and decentralized applications. It is the first blockchain platform to be built on the Haskell programming language.
Algorand is a decentralized, open-source blockchain platform that is designed to be fast, secure, and scalable. It uses a unique proof-of-stake consensus algorithm that is designed to be highly efficient and secure.
The fact that both Cardano and Algorand are performing well in the bear market is a testament to the strength and resilience of these projects. It is likely that they will continue to attract attention and investment from developers and users in the future.