CoinWorld News reports that recently, Messari released its latest Cardano Q3 report, highlighting significant progress in decentralization and ecosystem expansion for Cardano. The report shows that Cardano has successfully completed the first phase of the Chang hard fork, marking a key moment for ADA holders as they officially embrace fully decentralized on-chain governance, laying the groundwork for future on-chain decision-making. From a data performance perspective, the Cardano ecosystem continues to unleash its potential. The Total Value Locked (TVL) in decentralized finance (DeFi) grew by 13.3% month-over-month, reaching $231.6 million. Among these, the Liqwid protocol stood out with a remarkable month-over-month TVL increase of 77.2%. Additionally, the market capitalization of the stablecoin USDM surged by as much as 145.5% year-over-year, further solidifying Cardano's competitiveness in the stablecoin space. The platform's overall revenue increased by 31.2% month-over-month, reaching $5.1 million. This data showcases the steady development of the Cardano ecosystem and its ongoing breakthroughs in decentralized governance, DeFi, and the stablecoin market, reflecting strong growth momentum and future potential.