To date, the Cardano blockchain offers investors six DeFi platforms hosting approximately $179 million in TVL investments. The chief operating officer of Input Output, a leading developer of the ecosystem, announced the fundamental changes that are coming. According to Tim Harrison, 517 smart contracts have been created and are currently being tested, covering all major segments of the DeFi industry.
Judging from the images he posted on his LinkedIn social network, NFT tokens dominate the development. The rest of the platforms are distributed within 2%-4%, which shows the broad development of the DeFi industry trying to cover all topics. Harrison did not indicate the timing of the release of the smart contract, which could improve ADA's position. The token is near the lows of the year, having lost the rally of February. This poses the threat of a deeper correction in the next phase of the cryptocurrency market's decline.