\u2013 Advertisement \u2013<\/span><\/p>\n Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.\u00a0<\/strong><\/p>\n WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.\u00a0<\/span><\/p>\n At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that\u00a0<\/span>WingRiders maintained the top spot for more than two months, claiming\u00a0 42% of TVL On Cardano<\/span><\/a>. However, the DEX has fallen from glory ever since.\u00a0<\/span><\/p>\n Minswap Is Now Cardano\u2019s Most Valuable DEX<\/span><\/strong><\/p>\n The development also affected\u00a0<\/span>the total value locked on Cardano<\/span><\/a>. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.\u00a0<\/span><\/p>\n Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders\u2019 TVL.\u00a0<\/span><\/p>\n At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.\u00a0<\/span><\/p>\n SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.\u00a0<\/span><\/p>\n Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.<\/span><\/p>\n Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:\u00a0<\/span><\/p>\n \u201cAfter the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.\u201d\u00a0<\/em><\/p>\n CARDANO TVL STATUS<\/p>\n After the major decline of @wingriderscom<\/a>, the TVL scenario of the @Cardano<\/a> ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX<\/a> still led the ecosystem\u00a0 with $51M TVL, contributing 50% of the ecosystem#tvl<\/a> #cardano<\/a> $ADA<\/a> pic.twitter.com\/xjZ6cHo8jX<\/a><\/p>\n \u2014 Cardano Daily (@cardano_daily) August 9, 2022<\/a><\/p>\n \u2013 Advertisement \u2013<\/span><\/p>\n<\/div>\n Source: https:\/\/thecryptobasic.com\/2022\/08\/09\/wingriders-losses-59-of-its-total-value-locked-plunges-cardano-tvl-below-100m\/?utm_source=rss&utm_medium=rss&utm_campaign=wingriders-losses-59-of-its-total-value-locked-plunges-cardano-tvl-below-100m<\/p>\n![\"\"](\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2022\/04\/Follow-Us-On-Google-News.png\" "\\"\\"")
<\/a><\/p>\n<\/div>\n![\"cardano](\"https:\/\/thecryptobasic.com\/wp-content\/uploads\/2022\/08\/cardano-total-value-locked.jpg\" "\\"cardano")
Cardano total value locked<\/figure>\n<\/p>\n