Is Cardano (ADA) a “zombie crypto”?

In Cointelegraph’s latest video, we take a deep dive into Cardano’s native token fundamentals to determine whether it deserves the label of ‘zombie crypto’.

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.

While it recently made headlines for being included in US President Donald Trump’s initial proposal for a national crypto stockpile, its price action and onchain activity tell a different story — one that has even led some critics to brand it a “zombie.”

Recent findings suggest that the ecosystem behind ADA, the Cardano network, lags significantly behind in decentralized finance (DeFi) adoption. With only a fraction of the total value locked (TVL) compared with Ethereum and Solana, Cardano struggles to attract liquidity and stablecoin activity.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *