Cardano surpasses Kusama in total value locked on decentralized finance applications

The Cardano network has surpassed Kusama, Polkadot’s canary network, in total value locked on its decentralized applications after seeing the value locked in its smart contracts swell by around $100 million this month.

According to data from decentralized finance analytics platform DeFiLlama, the Cardano network now holds around $293.5 million in total value locked across six tracked protocols. Kusama, on the other hand, has $290 million across 52 protocols.