Cardano’s development report dated August 30, 2024, outlines significant progress and updates within the network. The highlight of the report is the rise in Total Value Locked (TVL) to $573 million, marking an increase from $556 million the previous week.

The report also emphasizes the growth of the Cardano ecosystem, which now includes 1,373 active projects. Additionally, there has been a subtle increment in the number of native tokens, reaching 10.32 million.

These developments underscore Cardano’s ongoing expansion and strengthening within the cryptocurrency landscape, reflecting increased user and developer engagement.