Ecosystem growth milestone
The total value locked in DeFi on Cardano has reached an all-time high of 520 million ADA, while the community aims for a goal of 1 billion ADA; meanwhile, founder Charles Hoskinson calls on users to actively build and use the blockchain instead of just discussing it.
The bearish sentiment still persists
Although TVL is increasing, ADA still faces a high level of short-selling interest, at the highest level since June 2023, with an average loss for holders of 43%; however, the MVRV ratio suggests this could be an opportunity zone, which often appears before price increases ranging from 85% to 300%.
Progress in integrating into the real world
Midnight Foundation has announced a partnership with Monument Bank – a regulated bank in the United Kingdom – to tokenize £250 million in retail deposits using Cardano's privacy-focused infrastructure, which has the potential to bring significant value to the ecosystem, beyond speculative trading.
ADA0.2455-0.28%
