- #Cardano (ADA) has made significant progress in the crypto market, highlighted by the Messari report.
- The report underscores Cardano's achievements in Q2 2023, solidifying its position as a prominent player in the industry.
- Cardano is focusing on building a robust ecosystem, particularly in #decentralized finance ( #DeFi ) and non-fungible tokens (NFTs).
- The Total Value Locked (TVL) for Cardano saw substantial growth, rising from 34th to 21st across all #chains in 2023.
- Average daily decentralized application ( #dapp ) transactions surged by 49% QoQ, with Minswap showing significant growth in transaction volume.
- Despite a decline in NFT metrics during Q2, Cardano's ecosystem expanded across various sectors, particularly DeFi.
- The report highlights the growth and diversification in sectors like DeFi, NFTs, and Layer-2 solutions.
- Cardano's native token, ADA, has faced a decline since its yearly peak on April 15, currently trading at $0.2933.
