Cardano TVL drops 30% as ADA falls 27% in June

Cardano TVL fell about 30% in June. DexHunter says DEX trading briefly surged despite ADA weakness.

Cardano’s total value locked dropped from $129m to $92m, tracking data from DeFiLlama.

DexHunter countered the “dead chain” narrative. The team highlighted a jump in daily DEX volume from ~6M to 25M ADA within four days, then a pullback to ~7.45M ADA, per their post on X.

What moved:
- Heavy flow in NIGHT, STRIKE, SNEK and stablecoin pairs like USDCx, per DexHunter.
- Token prints shared by DexHunter: ATLAS +18% day, STRIKE +3%, ASCEND +1.2%, SURF −2.67% source.

Bottom line for flow watchers: TVL is down per DeFiLlama, but on-chain spot activity showed a short, sharp burst before easing, per DexHunter.