Trade volumes for Cardano’s ADA token exploded late with sun -day numbers reaching around $ 720 million in February while exceeding an average of $ 1.4 billion in March.
This increase has been released by a post on US President Donald Trump’s social media post, citing ADA as one of the tokens to be included in the country’s strategic crypto reserve.
Although Cardano enjoys the moment of the main attention of the main, the layer-1 blockchain is flowing quietly as a crypto juggernaut since it lived in late 2017.
Adoption of Adoption
The ADA token has a market cap of $ 25.6 billion but what’s more noticeable is what’s under the hood; Data from Google It is shown that the Cardano Blockchain has more than 5 million unique wallets and 1.3 million delegators, with thousands of new purses created each day.
Blockchain also has $ 329 million in the total amount locked (TVL), although Cardano Foundation CEO Frederik Gregaard believes that the scale is overly overweight of crypto communities.
Instead, he points out “non-value transactions” associated with people who perform real-world-even non-financial-activities on blockchain railroads: Mainting a decentralized ID, metadata monitoring, recording documents, kind of object. Cardano was a hotbed of the activity, he said.
“I am arguing to ensure that 50% of the activity is a transaction that is not worth it,” Gregaard told CoinDesk.
An example of this is Cardano’s cooperation Bleeding.
Last week, the Cardano Foundation also announced a Serpro deal-Brazil’s largest IT-owned company-to accelerate blockchain adoption in South America. Serpro processes 33 billion transactions annually for 90% of Brazil’s federal administration. In addition, 8,000 employees will also receive blockchain training.
Cardano’s perspective differs from Solana’s preference and the killing of layer-2 networks such as the base that boasts themselves with the total amount of locked (TVL) and hype-driven movements such as memecoins and unobtrusive tokens (NFT).
TVL in Solana grew from $ 2.2 billion to more than $ 10 billion in 2024, while Cardano has been Ziping from a moderate $ 445 million to $ 537 million at the same time.
Defi in Cardano
While the CEO of the Cardano Foundation says its focus is that in cases of real-world use, the blockchain is still proud of a exciting ecosystem under the surface.
MinSwap is Cardano’s native decentralized exchange (DEX). Its aggregate trading volume hit $ 3.4 billion this month only in December to notice a close record of $ 271 million, Defillama data Shut up.
There are also a number of lending protocols including Liqwid, Lenfi and optimum finances, with TVL throughout the Cardano lending sector of over $ 116 million.
But the main part of Gregaard’s mission, he insisted, didn’t exceed the 50% level for financial transactions. He sees it as staying in accordance with the non-profit ethos of the Cardano Foundation, even though it limits the potential growth of hype-fueled movements such as memecoins.
Cardano Foundation vs Hoskinson vs Emurgo
The fulfillment that Ethos has its own challenges, mostly because the blockchain is managed by three major creatures: the Cardano Foundation, the Iog and Emurgo by Charles Hoskinson. The last two are commercial businesses, which can cause strife between them and the foundation.
“The intent to have a non-profit is that you can optimize decision making based on 10 years, it’s different than if you optimized the decision-making tomorrow,” Gregaard added.
Some of the disputes were that the Cardano community member was highlighting in December, writing an email on a path forward and detailed how Cardano -running creatures were in Loggerheads.
“The recent explosion of CF activity is part of a larger strategic gaming – an attempt to recover Read.
“It’s a long and hard road, but I agree with some of the whistleblower’s feelings,” Hoskinson wrote Response to x.
Gregaard, however, is more diplomatic about any potential Rift.
“There is no financial exchange that happens between us, but we work closely together,” he said.
“Sometimes we go to (a conference) and we share a booth. So we’re together and we support booths, that’s the closest you get to any affiliates, differently compared to the same Ethereum Foundation or Tezos Foundation, where they really control Treasury and control disbursements.”
“On the flip side, we (Cardano Foundation) are the umbrella of responsibility for the community and blockchain, which means we are in contact with the SEC and CSDC and the FMA, and I have agreed with MICA with the European Parliament.”
