$ADA
Cardano price has weakened as its network fundamentals have grown weaker. Data from DefiLlama shows that the total value locked on the Cardano network has fallen to roughly $126 million as liquidity continues migrating toward rival layer-1 and layer-2 ecosystems. The drop also coincided with reduced DeFi activity and slower capital inflows into the network.
Cardano price has weakened as its network fundamentals have grown weaker. Data from DefiLlama shows that the total value locked on the Cardano network has fallen to roughly $126 million as liquidity continues migrating toward rival layer-1 and layer-2 ecosystems. The drop also coincided with reduced DeFi activity and slower capital inflows into the network.