For years, Cardano (ADA) has been a cornerstone of the crypto landscape, consistently ranking among the top digital assets by market capitalization. Yet, despite its prominence, ADA’s performance has left many investors questioning its long-term prospects.
Recently, Cardano made headlines by being included in US President Donald Trump’s initial proposal for a national crypto stockpile. However, its price action and on-chain activity tell a different story—one that has led some critics to label it a “zombie crypto.”
Current findings indicate that the ecosystem behind ADA, the Cardano network, lags significantly in decentralized finance (DeFi) adoption. With only a fraction of the total value locked (TVL) compared to Ethereum and Solana, Cardano struggles to attract liquidity and stablecoin activity.
Some proponents argue that Cardano’s DeFi sector is still in its early stages. Nonetheless, several newer blockchains have outpaced it in terms of user engagement and trading volume, raising questions about Cardano’s competitiveness in the space.
Looking ahead, significant catalysts may be on the horizon, including a potential ADA exchange-traded fund (ETF) and its burgeoning role in Bitcoin’s DeFi ecosystem. The year 2025 could be pivotal for ADA, but whether these developments will be sufficient to reverse its current trajectory remains uncertain.
To delve deeper into the current state of Cardano’s native token and the broader implications for its future, watch the full video now on the Cointelegraph YouTube channel!
