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Cardano community celebrates Bitcoin's TVL surpassing. Bitcoin's TVL at the time of writing is 176M USD while Cardano's TVL is 182M USD. Cardano moved up to 15th in the rankings. Cardano is rising up in all the important metrics, and that's a good thing. As exciting as this news is, it may not be something to celebrate. The road to success will be a long one. It's healthy to see things in a reasonable context.
TLDR
The TVL of all DeFi services on Cardano has essentially surpassed the TVL of Lightning Network which is used only for sending value. SC platforms compete for TVL, users, and market share at the utility level. TVL is not an all-encompassing metric and is not measured correctly.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/cardano-has-surpassed-bitcoin-s-tvl
The cardano fee model is going to be updated to a tiered model. There will be multiple mempools with different fees. But should still be chronologically validated, only in paralel.
The paper: https://arxiv.org/pdf/2304.06014.pdf
What is there is one tx in a very congested lowest tier mempool, and then you spend the yet unconfirmed output of that tx in a fast high tier?
child-pays-for parent sceneario. When the higher tier tx is validated, it frontruns the congested tx. That's how it would work on ltc etc. But it would break the chronology of the lowest tier.
The higer tier tx would have to wait until the lower tier tx is validated. This would make sure that both of your tx are validated and you don't frontrun, but it would break the chronology of the higher tier (but this time in the more favorable way that you are backrunning)
the higher tier tx fails, and will need to be rebroadcasted with a later time than the parent tx validation.
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