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The recent data shows that Cardano has one of the fastest-growing TVLs in the market. This is mainly because of the fast-growing Cardano DeFi ecosystem experienced after the Alonzo Hard Fork upgrade completion. According to DeFiLlama, there are over seven dApps in the ecosystem. That's how fast the ecosystem is growing.
The Cardano TVL (Total value locked) had increased by 39,000% by the end of Q1 2022, making Cardano DeFi one of the fastest-growing ecosystems. But this growth might be surpassed by the Bitgert (BRISE) in a few months. Bitgert is currently the fastest-growing ecosystem in the industry. This is why crypto experts believe it might overtake Cardano TVL. Read more below:
The exponentially growing Bitgert ecosystem is one of the major factors attracting investors. Since the project launched 9 months ago, the Bitgert team has accomplished so much in building the ecosystem. Bitgert has built and launched multiple products in the roadmap V1 that was completed with the launch of the BRC20 blockchain. Today, the Bitgert blockchain is the most adopted chain because of its zero gas fee and the 100k TPS.
The recently Updated roadmap V2 is the reason why the Bitgert ecosystem will be the fastest-growing ecosystem. The roadmap has a huge collection of DeFi products, NFTs, and Web3 products. The products' delivery is fast, which will make Bitgert the fastest-growing ecosystem.
Hundreds of Startup Studio projects will be added to the Bitgert ecosystem. The team has put the number at 1000+ projects in the coming 12 months. These are major developments that will skyrocket Bitgert ecosystem growth, which will, in return, grow Bitgert TVL bigger than Cardano.
Will Cardano manage to beat the Bitgert competition? Well, it is highly unlikely, considering that Cardano has been unable to catch up even with Solana, which surpassed its blockchain speed more than a year ago. The Bitgert fast-growing ecosystem is unstable and unmatched. That's why Bitgert TVL is growing fast and soon will be ahead of Cardano.
However, the Cardano team is working on upgrades that might make significant growth in its ecosystem. The Cardano Vasil Hard Fork and the widely anticipated Hydra upgrades are projects to have a bigger impact than Alonzo Hard Fork upgrade. The upgrades might make Cardano the most scalable blockchain and skyrocket the ecosystem's growth. Therefore, there are a lot of Cardano developments to watch.
Disclaimer: The information provided in this article is solely the author's opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
