Researcher: Cardano's Market Cap Is 144x Its DeFi Value, but ADA 'Is Not Dead'
- —Cardano's ~$10.2B market cap is 144x the $71M in its DeFi ecosystem
- —Stablecoins total $67M, daily DEX volume $4.4M, ~16,000 daily active addresses
- —ADA has lost more than 92% of its value since peaking above $3 in 2021
- —Treasury holds ~1.4B ADA; Leios could boost network capacity 10-65x
Why it matters: The gap between Cardano's valuation and on-chain activity is the key risk for ADA holders; DeFi and liquidity growth via USDCx will shape the token's next move.
Source: The Crypto Basic