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Cardano aims to add $200M in DeFi value by integrating EVM wallets and simplifying Ethereum bridging.

Protocol Fundamentals
17 Sep 2026
Dailycoin
View Source
Bullish
Cardano aims to add $200M in DeFi value by integrating EVM wallets and simplifying Ethereum bridging.

Cardano's Alpha Growth plans to boost DeFi total value locked by $200 million within a year, focusing on integrating Ethereum-compatible (EVM) wallets and simplifying asset bridging from Ethereum and similar networks. The initiative, backed by 120 million ADA from the Cardano treasury, prioritizes easier onboarding through a shared wallet and incentives for lending and liquidity provision. The strategy targets existing DeFi users on Ethereum-compatible chains rather than dormant ADA holders, aiming to attract liquidity and capital by reducing friction. However, long-term user retention remains a challenge, and the project also explores institutional-grade DeFi features like tokenized treasuries and on-chain credit, while cautioning against liquidity fragmentation.

Cardano's ADA is currently trading at Rp3.577 on Pluang, showing a positive 1-day change of +4.35%. The market cap stands at Rp131.24 trillion with a 24-hour trading volume of Rp7.75 trillion. As of Sep 17, 2026 19:38 WIB, the platform shows a buying interest with 61% of orders being buys and a typical hold time of 126 days.

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