Cardano [ADA] TVL declines – will these developments turn the tide?

ambcrypto.com:

Cardano’s [ADA] total value locked (TVL) was on a continued uptrend for several weeks as it spiked considerably. However, the hike seemed to have ended as the metrics registered a decline over the past few days. Though the decline can be attributed to ADA’s negative price actions, its TVL might soon again regain its upward momentum, and here’s why. 

Read Cardano’s [ADA] Price Prediction 2023-24

Cardano published its weekly development report on 3 March, which highlighted last week’s notable updates. The development in terms of network growth looked promising, and it can play a role in sustaining the token’s ongoing price pump in the coming days. 

See the full report for complete details on what the IOG dev teams have been up to and get the latest on the development progress⤵️https://t.co/d928u4xFus

— Input Output (@InputOutputHK) March 3, 2023

The benchmarking runs and analysis for the new SECP primitives and the impending node v.1.35.6 release have been completed by the Cardano team. They also ran their initial UTXO-HD benchmarking tests and were still refining the setup at press time. 

The Plutus team continued to improve the Plutus debugger and focused on increasing the script’s capacity by including Plutonomy optimizations, sums, and products. On the other hand, the Hydra team kept aligning the Hydra Head protocol logic implementation with the specification.

In addition, they finished implementing the minting strategy, defined message authentication with researchers, and planned further work for mainnet compatibility. Apart from this, Cardano’s Mithril team worked on implementing the era activation mechanism