“The Cardano Foundation Measures Growth in Real-World Use Cases and Not TVL.”, – WRITE: www.coindesk.com
This Rise Was Spurred by a Social Media Post by US President Donald Trump, Who Mentioned Ada As One of the Tokens That Wuld Be Included In the Nation’s Strategic Crypto Reserve.
Althugh Cardano is Enjoying Its Moment of Mainstream Attention, The Layer-1 Blockchain Has Been Quietly Emerging as a Crypto Juggernaut Since IT Went Live in Late 2017.
Adoption MetricsThe ada token has a market of cap of $ 25.6 Billion But What’s More Notable Is What’s Under The Hood; Data from Google Shows that Cardano Blockchain Has More than 5 Million Unique Wallets and 1.3 Million Delegators, with thoouss of new Wallets Being Created Per Day.
The Blockchain Also Has $ 329 Million in Total Value Locked (TVL), Although Cardano Foundation CEO Frederik Gregaard Believes that Metric Is Ovemphasized by Crypto Communities.
Insthead, He Points to “Non-Value Transactions” Associated with People Conducting Real-World-Albeit Non-Financial Documents, that sort of things. Cardano’s A HotBed of Such Activity, HE SAID.
“I’M Fighting to Ensure That 50% of the Activity Is a Non-Value Transaction,” Gregaard Told Coindesk.
One Example of this is Cardano’s Partnership with Veritree, Whosh Saw The Cardano Community Over 1 Million Ada Tokens to Plant 1 Million Million Mangrove Trees in Kena, with Each.
Last Week, The Cardano Foundation Also Announced A Deal with SerPro-Brazil’s Largest State-Real IT Company-to Accelerate Blockchain Adoption in South America. SerPro Processes 33 Billion Transactions Annuly for 90% of Brazil’s Federal Administration. Additionally, 8,000 Employees Will Also Receive Blockchain Training.
Cardano’s Perspective Differs from the Likes of Solana and the Slew of Layer-2 Networks Like Base That Pride Themselves on Total Value Locied (TVL) and Hype-Driven MOVEMENTS TKENS (NFTS).
TVL on Solana Grew from $ 2.2 Billion to More than $ 10 Billion in 2024, Cardano Meanwhile Zipped from A Modest $ 445 Million to $ 537 Million in the Same Period.
Defi on CardanoWhilst Cardano Foundation’s CEO SAID HIS FOCUS IS ON REAL-WORLD USE CASES, The BLOCKCHAIN Still Boasts a Bustling Defi Ecosystem Under the Surface.
Minswap is Cardano’s Native Decentralized Exchange (Dex). ITS CUMulative Trading Volume Hit $ 3.4 Billion this month with December Alone Notne Nothing A Near-Record $ 271 Million, Defillama Data Shows.
There ALSO A NUMBER OF LENDING PROTOCOLS INCLUDING LIQWID, LENFI AND OPTIM FINANCE, WITH TVL Across Cardano’s Lending Sector Exceeding $ 116 Million.
But The Key Part of Gregaard’s Mission, He insists, is not to exceed that 50% Level for Financialized Transactions. He sees it as staying in line with the Cardano Foundation’s Non-Profit Ehos, Even IF IT Limits Potential Expontial Growth of Hype-Fueled Movements Like MEMEINS.
Cardano Foundation Vs Hoskinson Vs EmurgoFulfilling that Ehos HAS ITS OWN Challenges, MOSTLY BECAUSE The Blockchain Is Run by Three Main Entities: The Cardano Foundation, Charles Hoskinson’s IOG and EMURGO. The Latter Two Are Commercial Businesses, WHICH CAN CAUSE FRICTION BETWEEN OF THEM AND The Foundation.
“The intent of having a non -profit was that you can order Decision-Making Based on 10 Years, It’s Different than if you Optimize Decision-Making Tomorrow,” Gregaard Adeded.
Some of the Friction Was Highlighted by an Anonymous Cardano Community Member in December, Who Penned An Email on a Path Forward and Detailed Howle.
“CF’s Recent Burst of Activity Is Part of A Larger Strategic Play – An Attempt to Undermine Charles, IOG, IOG, INTERRESCT, AND The Broader Governance RoadMap,” The Email Read.
“IT’s been a long and difficult Road, But I do agree with the one sentiments of the whistleblower,” Hoskinson Wrote in Response on X.
Gregaard, However, Was More Diplomatic Any Potential Rift.
“There’s No Monetary Exchange Going on Between Us, But We Do Work Very Closely Together,” He Said.
“We sometimes go to [a conference] and we share a booth. SO We Come Together and We Sponsor Booths Together, That’s The Closest You Will Get To Any Affilites, WHICH IS VERY DIFFERENT COMPEDATION Treasury and Control the Disbursues. ”
“On The Flip Side, We [Cardano Foundation] Are The Liability Umbrella for the Community and the Blockchain, WHICH MEANS THAT WE ARE The one WHO INTERATES WITH THE SEC AND the CSDC and the FMA, And Negotated Mica.
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