Negotiation volumes against the Ada Cardano token have exploded in recent times with daily figures, 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 position by US President Donald Trump, who mentioned Ada as one of the tokens that would be included in the country’s strategic cryptography reserve.
Although Cardano takes advantage of its dominant moment of attention, the blockchain of layer 1 has become quietly as cryptographic juggernaut since it was put online at the end of 2017.
Adoption metrics
The ADA token has a market capitalization of 25.6 billion dollars, but what is more notable is what is under the hood; Google’s data show that the cardchain cardano has more than 5 million unique portfolios and 1.3 million delegates, thousands of new portfolios being created per day.
The blockchain also has $ 329 million of total locked value (TVL), although the CEO of the Cardano Foundation, Frederik Gregard, believes that Metric is overestimated by cryptographic communities.
Instead, he highlights the “non -value -value -value” associated with people who carry out real activities – although non -financial – on blockchain rails: the reduction of a decentralized identifier, metadata monitoring, registration of documents, this kind of thing. Cardano is a home for such an activity, he said.
“I fight to make sure that 50% of the activity is an undue transaction,” Gregaard told Coindesk.
An example of this is Cardano’s partnership with Veritree, who saw the Cardano community give more than a million Ada tokens to plant 1 million mangroves in Kenya, each donation verified and followed on the blockchain.
Last week, the Cardano Foundation also announced an agreement with Serpro – the largest state computer company in Brazil – to accelerate the adoption of blockchain in South America. Serpro treats 33 billion transactions per year for 90% of the Federal Administration of Brazil. In addition, 8,000 employees will also receive blockchain training.
Cardano’s perspective differs from tastes of Solana and the series of layer 2 networks as a basis that have been proud of the total locked value (TVL) and changing media -dorn trees such as mecoins and non -buttocks (NFT).
TVL on Solana increased from $ 2.2 billion to more than $ 10 billion in 2024, Cardano went from $ 445 million to $ 537 million in the same period.
DEFI SUR CARDANO
While the CEO of the Cardano Foundation said that it focuses on the use of the real world, the blockchain still has an animated challenge ecosystem.
Minswap is the indigenous decentralized scholarship in Cardano (DEX). Its volume of cumulative negotiation reached $ 3.4 billion this month alone by marking a record of $ 271 million, according to Defillama data.
There are also a number of loan protocols, including Liqwid, Lenfi and Optim Finance, with TVL in the Cardano loan sector exceeding $ 116 million.
But the key part of Gregard’s mission, he insists, is not to exceed this level of 50% for financialized transactions. He considers that this remains in accordance with the non -profit ethics of the Cardano Foundation, even if it limits the potential exponential growth of movements supplied with media threshing as the same.
Cardano Foundation vs Hoskinson vs Emurgo
Carrying out this ethics has its own challenges, mainly because the blockchain is managed by three main entities: the Cardano Foundation, the Iog and the Emurgo by Charles Hoskinson. The last two are commercial companies, which can cause friction between them and the foundation.
“The intention to have a non -profit organization was that you can optimize decision -making according to 10 years, it’s different than if you optimize decision -making tomorrow,” added Gregaard.
Part of the friction was highlighted by an anonymous member of the Cardano community in December, who wrote an email on a track and detailed how the entities run Cardano in Loggerheads.
“The recent FC activity explosion is part of a broader strategic game – an attempt to saper Charles, Iog, Intersect and the broader governance roadmap,” said the email.
“It was a long and difficult route, but I agree with some of the feelings of the denunciator,” wrote Hoskinson in response on X.
Gregard, however, was more diplomatic as to any potential rift.
“There is no monetary exchange between us, but we work very closely together,” he said.
“We sometimes go to [a conference] And we share a stand. We therefore bring together and we sponsor stands together, it is the closest that you will get to all affiliates, which are very different from the Ethereum Foundation or the Tezos Foundation, where they essentially control the Treasury and control the disbursements. “”
“On the other hand, we [Cardano Foundation] are the umbrella of the responsibility of the community and the blockchain, which means that it is the one that interacts with the dry and the CSDC and the FMA, and I negotiated mica with the European Parliament. “”
