The volume trade for the Token Ada of Cardano has exploited in the daily figures with an average of around $ 720 million in February, while exceeding an average of $ 1.4 billion in March.
This increase was stimulated by a social media post by the president of the United States, Donald Trump, who mentioned Ada as one of the tokens that would be included in the strategic cryptography reserve of the nation.
Although Cardano is enjoying its main attention moment, the Layer-1 block chain has been emerging in silence as a cryptographic monster since it was headed at the end of 2017.
Adoption metrics
The Token Ada has a market capitalization of $ 25.6 billion, but the most notable is what is under the hood; Google data show that the cardan block chain has more than 5 million unique wallets and 1.3 million delegates, with thousands of new wallets created per day.
The blockchain also has $ 329 million in total blocking value (TVL), although the CEO of the Cardano Foundation, Frederik Gregaard, believes that cryptographic communities are too emphasized.
Instead, it points out the “valueless transactions” associated with people who carry out real world activities, although non -financial, in blockchain rails: coin a decentralized identification, track metadata, record documents, such things. Cardano is a seedbed of such activity, he said.
“I am fighting to make sure that 50% of the activity is a transaction without value,” Gregaard told Coindesk.
An example of this is the Cardano Association with Veritree, which saw the community of Cardano donate more than 1 million tokens ada to plant 1 million mangrove trees in Kenya, with each verified and tracked donation in the block chain.
Last week, the Cardano Foundation also announced an agreement with Serpro, the largest state IT company in Brazil, to accelerate the adoption of Blockchain in South America. Serpro processes 33 billion transactions annually for 90% of the Federal Administration of Brazil. In addition, 8,000 employees will also receive training at blockchain.
Cardano’s perspective differs from the tastes of Solana and the series of layers of layer 2 as the basis that are proud of total blocked value (TVL) and movements driven by exaggeration such as memecoins and non -fungible tokens (NFT).
TVL in Solana grew from $ 2.2 billion to more than $ 10 billion in 2024, meanwhile, Cardano adhered from $ 445 million to $ 537 million in the same period.
Defi in Cardano
While the CEO of the Cardano Foundation said that its approach is in cases of use of the real world, the block chain still has a bustling defi ecosystem under the surface.
MINSWAP is the native decentralized exchange of Cardano (DEX). Its cumulative negotiation volume reached $ 3.4 billion this month with December only with a record of $ 271 million, as shown in defillion data.
There are also a series of loan protocols, including Liqwid, Lenfi and Optim Finance, with TVL throughout the cardan loan sector exceeding $ 116 million.
But the key part of Gregaard’s mission, insists, is not to exceed that level of 50% for financial transactions. He sees it in line with the non -profit ethos of the Cardano Foundation, even if it limits the potential exponential growth of exaggerated movements such as Memecoins.
Cardano Vs Hoskinson vs Emurgo Foundation
Fulfilling that Ethos has its own challenges, mainly because the blockchain is led by three main entities: the Cardano Foundation, the IAG and Emurgo of Charles Hoskinson. The last two are commercial businesses, which can cause friction between them and the foundation.
“The intention of having a non -profit organization was that it can optimize decision -making based on 10 years, it is different from whether it optimizes decision making tomorrow,” Gregaard added.
Part of the friction was highlighted by an anonymous member of the Cardano community in December, who wrote an email on a way to follow and detailed how the entities that executed Cardano were in Loggerheads.
“The recent CF activity explosion is part of a larger strategic game: an attempt to undermine Charles, IAG, intersect and the wider government road map,” reads email.
“It has been a long and difficult path, but I agree with some of the feelings of the complainant,” Hoskinson wrote in response in X.
Gregaard, however, was more diplomat about any possible crack.
“There is no monetary exchange between us, but we work closely together,” he said.
“Sometimes we are going to [a conference] And we share a stand. So we join and sponsor together, that is the closest that will reach any affiliate, which is very different compared to the Ethereum Foundation or the Tazos Foundation, where they basically control the treasure and control the disbursements. “
“On the other hand, [Cardano Foundation] We are the umbrella of responsibility for the community and the block chain, which means that we are the ones who interact with the SEC and the CSDC and the FMA, and I negotiated with the European Parliament. “
