Cardano: Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL

Cardano's ADA token has seen a dramatic surge in trading volumes, averaging $720 million daily in February and over $1.4 billion in March, largely due to U.S. President Donald Trump's endorsement of ADA for the national crypto reserve. With a market cap of $25.6 billion and over 5 million unique wallets, Cardano is gaining traction as a blockchain for real-world applications, such as environmental initiatives and partnerships in Brazil. The Cardano Foundation emphasizes non-financial transactions, aiming to diversify use cases beyond the typical DeFi hype. Tensions exist among the blockchain's governing entities, highlighting the complexities of its governance structure. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk