Over 70% of ADA Addresses Underwater
Over 70% of Cardano (ADA) addresses are underwater on their holdings, meaning their token value is below current market prices
In other words, only 26.4% of ADA addresses are in the green, which indicates that 1.16 million addresses bought ADA below current market prices
Around 100K ADA addresses are breaking even at current prices
Despite its stagnant price growth, Cardano's adoption continues to grow steadily
Cardano's DeFi ecosystem has reached an all-time high of over 446 million ADA-locked, showcasing its popularity and trust
DeFi protocols on Cardano allow users to engage in various financial activities without giving up custody of their funds
Minswap dominates Cardano's TVL with a 36% share, enhancing the platform's ecosystem and boosting its value
Cardano's TVL growth is currently being driven by the demand for alternatives to traditional banking and centralized exchanges
Users are flocking to Cardano for its scalable and secure infrastructure, addressing concerns about privacy, security, and control
Memecoin SNEK experienced a 200% price upsurge, showcasing growth even during reduced trading volume
Cardano's rising popularity and adoption are making it a popular choice for users seeking decentralized options and a vibrant ecosystem
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